Why accurate leave management is so important
Your business could be at a serious risk of making costly errors if you aren’t managing your leave correctly. Read More…
Having a healthy workplace that support mental health and builds resilience is a win-win for employers and employees. Research proves that investing in your people’s wellbeing is beneficial to both them and the business overall.
You will know that Work Health and Safety (WHS) regulations require a workplace safe from physical hazards, but did you know that from October 2022, NSW became the first state to adapt new WHS regulations which place requirements on businesses for the management of psychosocial risks.
Let's look at ways leaders and managers can take steps to care for wellbeing and mental health in the workplace, support employee well-being, and build an open and supportive company culture.
Benefits of a resilient workforce
There are many benefits to building employee resilience, from your team members being more engaged and productive to fewer problems with staff absenteeism, burnout, and turnover. It also means you meet your legal obligation to manage risks to employees’ mental and physical health, just like any other health & safety risk.
How to build a resilient workplace
Resilience hinges on giving people opportunities to build the knowledge, skills, and capabilities to really thrive at work and be able to respond effectively to stress, challenges, and change. Cementing well-being in the day-to-day work culture is multi-faceted and takes individual and combined effort. Here are some key components:
When you’re running and managing a business, busy with the day-to-day, it can be easy to forget that taking care of your own wellbeing and mental health should be a top priority.
Stress can have a serious effect on your health and ability to function, so you need to learn to recognise and support your own wellbeing needs. Because you can’t be at your best, make consistently good decisions, and just as importantly, lead your team and provide the support they need, if you’re under a weight of pressure or struggling with poor mental or physical health.
Building positive habits for yourself is the key to effective, sustainable change, but rather than making a long list of things you want to change and then finding you can’t keep it up, try just changing one thing in your regular routine every month. Here are a few ideas to get you started…
You can read more about what are psychosocial hazards and how to manage these from Safe Work Australia.
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WDF Accounting and Advisory | Accountants Wagga | Your partners in business
Providing carefully tailored accounting solutions in business advisory, tax compliance, bookkeeping, Self-Managed Super funds, and more.
Why accurate leave management is so important
Your business could be at a serious risk of making costly errors if you aren’t managing your leave correctly. Read More…
Deductions denied for ATO interest charges
The ATO can apply a general interest charge (GIC) if an amount of tax or some other liability remains unpaid after the due date. Read More…
Reducing the uncertainty: Financial Forecasting and Planning
Analysing your cashflow statements, profit and loss reports and quarterly management accounts gives you an indication of where you’ve been as a business by using forecasting and scenario-planning, you make it easier to manage your finances and reduce some of the financial uncertainty. Read More…