It is common knowledge that an overload of stress is not healthy and can have detrimental effects on your mental and physical state. The clinical team at Bonitas Medical Fund discuss how too much stress interferes with the optimal functioning of your body and mind and results in an alarming number of health issues.
Article written by Colin Timmis (Xero - South Africa Country Manager)
The fifth annual State of South Africa Small Business report 2022 by Xero found that 95% of business owners have experienced stress in running their businesses. Undoubtedly every late payment, supply chain issue, and government decision over the past two years has placed additional stress on the owners of small businesses.
Article provided by ActionCOACH
Staff, employees, or team members; sometimes also referred to as aliens (well at least referred to as aliens by me), are always an interesting subject. They are the easiest and best way to leverage any business but often also come with issues, stress points, frustrations, and all sorts of hang-ups in the mind of the business owner. Following quite a few of these conversations recently about staff, I thought I’d help bust some of the myths business owners have around staff in general. These are just a few of the recent things I’ve heard:
Article provided by Cindy Norcott
Right now, as business owners are being bombarded by rising costs and even natural disasters, the easy way out seems to be cutting the wage bill to contain costs. But businesses need to take a longer-term view and not simply retrench – they need to bite the bullet and invest in the future. That often includes retaining experienced and skilled staff.
Business coach, motivational speaker, author and entrepreneur, Cindy Norcott, created her company, ProTalent in the iconic year of 1994 at the age of just 23. Since then, she has experienced, first hand, a turbulent economy that has stretched from the years of euphoria and plenty post the appointment of Nelson Mandela as president to the doom and gloom of the state capture years and, now, the difficulties of post pandemic survival.
Article by Inge Barry (contributing freelance writer for Sage)
Setting up a payroll structure is a critical component of the payroll function to ensure that your employees are paid the correct salary in addition to overtime, commissions, and bonuses.
Payroll managers must understand the fundamental principles of additional compensation to provide informed advice when developing policies and to ensure employees are correctly compensated or rewarded.
When we hire a person to work for our business, we may use a lot of time, money, and human resources to get the right person for our business. If this person doesn’t work out, then we will need to go through the process again and spend even more resources to get another person. It is therefore crucial, especially for small businesses, to make sure the hire is a great fit for your business from the start but how do you avoid bad hires? Let’s look at five ways.
The digital world has opened multiple channels you can use to build relationships with your employees. But how? And is it as effective as in-person contact? Though in-person contact is the best way to build relationships, there are many ways that you can continue to build relationships in the digital world.
Article provided by SEESA
The COVID-19 pandemic has brought uncertainty in most instances, like when to appoint someone as a part-time employee or full-time employee.
As the economy is hankering toward the “normal”, meaning pre-COVID-19, employers may be sceptical about appointing full-time employees for fear of another hard lockdown on businesses and not being able to pay salaries to employees. Such fear may push employers to lean towards appointing people on a limited duration contract, making them part-time employees or not even calling them employees at all.
Article written by Trevor Clark (ActionCOACH - Westville, KZN)
Entrepreneurship, and owning your own business is an exciting concept – some people dabble in it, some master it, and some avoid it like the plague.
Not only is owning your own business the fastest route to building real wealth; the added benefit is that you can help so many more people feed their families and achieve their goals along the way.
By understanding the concept we call the Entrepreneurial Ladder – you can be clear on where you are right now, and just how high you want (and are willing) to climb: