It Might Be Time For A HR Health Check
Is your business just starting out and you need to ensure you have the basics in place? Have you undergone a period of change and the business hasn’t kept up? Do you have policies and processes that have been ticking along for some time without review? If so, it might be time for a HR health check.
At all stages of a business lifecycle it is important to review your practices to ensure they are delivering value to the organisation and are compliant with the Fair Work Act and other applicable regulatory instruments.
In conducting your HR health check, you will need to consider the following key areas:
Annual wage reviews 2016
The annual wage review is conducted by the Fair Work Commission between March and June each year. The reviews examine the national minimum wage as well as minimum wages set out in modern awards and transitional instruments.
Any changes will apply from the first full pay period on or after 1 July each year. ESV will release a full update closer to the date.
Current trends: HR Technology
HR technology is quickly becoming a talking point amongst professionals; there are several cloud based solutions on the market delivering end to end talent management solutions. The focus is on providing real time feedback to businesses around culture, engagement and performance.
Vendors are also developing mobile apps so solutions can be delivered and accessed on the go. Whether solutions such as these fit your business will depend on the size of your business, the types of problems your business is facing and your overarching HR strategy.
If you would like more information around integrating HR best practice with your organisation’s strategic objectives, please contact ESV’s HR Manager Danica Burns on 9283 1666.
Article by Danica Burns