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Managing flexible working arrangements

Posted on March 15, 2016 by admin

In a rapidly changing business environment, it is essential that owners of small businesses get flexible working schemes right. Today’s employees continue to look for more balance between their personal and work lives. While some employers may think this may have a negative effect on their business, flexible working arrangements have been shown to benefit both the employee and the business they work for.

Nonetheless, it remains the employer’s responsibility to address how flexible working arrangements can be implemented in their business so all employees remain happy and satisfied. Here are some suggestions as to how employers can manage flexible working within their company:

No two employees are the same, which means employers shouldn’t take the same approach to every situation. Some workers may need to modify their working hours due to parental commitments, and some others may be more proactive with work if they are allowed to work remotely due to travel time or mobility issues.

If flexible working arrangements will see employees working more outside the office than inside, then it is vital for employers to keep communication consistent. Scheduling regular performance reviews and using a system to calculate work productivity can make employees more productive since they have measurable targets to aim for.

Flexible working schemes are also an obligation under Fair Work Australia. Employers must recognise that there are statutory legal requirements that cover flexible working arrangements for people like parents, those living with a disability and those who are 55 years or age, or older. Therefore, employers need to have the latest updated legal documents, contracts and processes to ensure their business continues to work within legal requirements.

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Government increases cash flow support for businesses

Posted on March 27, 2020 by admin

The Australian Government has increased support for businesses to manage cash flow challenges under the ongoing COVID-19 circumstances.

The Boosting Cash Flow for Employers measure announced on 12 March 2020 will be increased to provide up to $100,000 for eligible small and medium-sized businesses. To be eligible employers must have been established prior to 12 March 2020 and have an aggregated annual turnover of less than $50 million and employ workers.

The measure will provide employers with a payment equal to 100% of the tax withheld from wages and salaries. This is a rise from the original 50%, with maximum payments being increased from $25,000 to $50,000 and minimum payments being increased from $2,000 to $10,000.

Employers will receive payments from 28 April 2020 from the ATO as automatic credit in the activity statement system upon lodging eligible upcoming activity statements.

Eligible businesses will be provided with an additional payment during July – October 2020. The payment will be equal to the total amount received under the Boosting Cash Flow for Businesses scheme. For monthly and quarterly activity statement lodgers, these payments will be provided as automatic credit in the activity statement system for each lodgement up until October 2020.

The Government has also introduced the Coronavirus SME Guarantee Scheme to support the flow of credit for small and medium enterprises (SME) by providing a guarantee of 50% to participating SME lenders for new unsecured loans that will be used for working capital. To be eligible, SMEs will have a turnover of up to $50 million and the loans must comply with the following terms:

The SME Guarantee Scheme will still require businesses to repay these loans and approval is subject to regular lending requirements. The Scheme will commence by early April 2020 and be available until 30 September 2020.

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