Recruitment and workforce decisions are critical for businesses and shifting local and global economies make them even more significant. Identifying and retaining the right employees helps avoid major costs and frustration. In Australia, rising retirement ages and increased reliance on temporary workers are reshaping workforce dynamics. These long-term employment trends, recently highlighted by a leading journalist, are expected to continue influencing workers’ compensation.
Businesses often seek ways to improve productivity and reduce absenteeism. Research also shows that Australian businesses with a successful work health program can experience up to 3 times higher productivity, lower sick leave and injuries, as well as better employee morale.
At ABILITY GROUP, we pride ourselves on delivering recruitment solutions that go beyond filling vacancies. Recently, our team partnered with a client facing significant hiring challenges. Through a tailored recruitment strategy, we helped them save $160,000 while securing the right talent for their business.
In late 2014, WorkCover NSW reported positive outcomes from small business reforms. Following the 2015 state election, similar changes were announced for medium to large businesses.
"Key changes for medium to large NSW businesses include simpler premiums, safer workplaces, improved recovery, reduced red tape, and greater certainty.
A recent paper commissioned by Safe Work Australia confirms businesses that invest in workplace safety receive cost and productivity benefits that provide a positive Return on Investment (ROI).
As WorkCover NSW plans to implement changes for medium to large businesses in 2015, including Employer Safety Incentive (ESI) and Return to Work Incentive (RTWI), the benefits can increase.
