Category: Employers

When an employee moves on from your business, it’s natural to wonder what happens to their superannuation. Here’s a breakdown of what you need to know: Employer Obligations Cease Once an employee departs, you are no longer obligated to make superannuation contributions on their behalf. These contributions go towards their retirement savings, and since they’re…

Salary sacrifice arrangements can be a powerful tool for Australians looking to grow their retirement savings. But how exactly do they impact your superannuation contributions? Let’s dive into the benefits and considerations of this strategy. The Tax Advantage The key benefit of salary sacrifice is the tax break it offers. By agreeing to receive a…

Let’s delve into the administrative tasks involved in managing employee superannuation: 1. Choosing a Super Fund: 2. Setting Up Super for New Employees: 3. Ongoing Superannuation Payments: 4. Record Keeping: 5. Employee Communication: 6. Terminations and Changes: Simplifying Superannuation Management: While managing super can seem complex, there are ways to streamline the process: By understanding…

As an employer in Australia, you’re responsible for choosing a default superannuation fund for your employees if they don’t nominate their own. This decision plays a significant role in their retirement savings, so it’s important to get it right. Here’s a guide to help you navigate the process: Understanding the Options: Choosing Your Default Fund:…

In Australia, as an employer, you’re responsible for contributing to your employees’ retirement savings through superannuation. This contribution is mandated by the Super Guarantee (SG) and is a crucial part of an employee’s financial security after retirement. Let’s delve into what you need to know about your SG obligations. Who is Eligible for Superannuation Contributions?…

Hiring the right person can feel like winning the lottery. You invest time, energy, and resources into finding the perfect fit for your team, only to discover sometimes, even the most promising candidates don’t always work out. It can be a frustrating situation, but it’s important to remember that it happens to even the best…

Labor laws and regulations exist to protect the rights of employees and ensure a fair and safe work environment. As an employer, staying compliant with these regulations can seem daunting, especially with constantly evolving rules and variations depending on your location. However, prioritizing compliance is not just the ethical thing to do – it also…

In today’s competitive talent landscape, a strong employer brand is no longer a luxury, it’s a necessity. It’s the difference between attracting a pool of qualified candidates and struggling to fill positions. A well-crafted employer brand acts as a magnet, drawing in the best and brightest minds who share your company’s values and aspirations. But…

A well-designed new hire orientation program is the cornerstone of a smooth onboarding experience. It sets the tone for the employee’s journey within your company, fostering engagement, reducing anxiety, and ultimately leading to higher retention rates. But what exactly should you include in this critical program? Here’s a breakdown of key elements to ensure your…

The first few weeks at a new job can be a whirlwind of information, faces, and unfamiliar routines. A well-structured onboarding process is crucial for integrating new employees into your team, setting them up for success, and fostering long-term retention. Here’s how to create an onboarding experience that goes beyond paperwork and gets your new…