Supporting employee mental health is more than just a compassionate move—it’s a smart business strategy. Employees who feel supported in their mental well-being are more engaged, productive, and loyal to their employer. However, many businesses worry about the costs associated with mental health programs. The good news is that there are several cost-effective strategies to promote mental well-being in the workplace. Here are some practical steps to help your…
For many of us SME business owners and managers, it has been a tough few years; fires, floods, COVID, tough economic environment. One would be enough, but it has a series of events. No wonder Psychological Safety remains a top priority. 2023 saw the introduction of laws and Code of Best Practice to “help” us navigate the tricky areas of Psychological Safety. But the reality is, some of the…
For a small and medium sized business, even a minor cyber security incident can have devastating impacts. Our research shows that in the 2022-23 financial year, the average cost of cybercrime for small business increased to $46,000. For medium businesses, the average cost is reported to be $97,000 in the same period. With businesses holding so much information on our customers and employees, every business needs to be aware of how they handle both confidential and sensitive…
How much time do you spend ensuring compliance in your business? The Australian Productivity Commission estimates that the average cost of compliance for small businesses was approximately $24,500, while medium- sized businesses spend $100,255 per annum. When we invest so much to protect our teams, our business and our clients, it’s important to know that the…
Like them or loathe them, policies are essential. Many of us have ticked the boxes to have a WH&S Policy or a Bullying Policy in place. Don’t assume that they will be OK as many of the standard templates from 12 months ago don’t meet the current standards. The introduction of Psychological Safety and Right to Disconnect legislation means these may need to be…
