There are many options an SME proprietor can use to motivate staff and heighten productivity. These include offering equity or rewards based on performance, giving staff opportunities to ‘own' a revenue generating project and simply showing appreciation.
When the budget is too tight to offer a pay rise, how can an SME proprietor motivate staff and heighten productivity?
Strategies to improve your productivity, sales & profitability as well as minimise legal and commercial risks in your business include:
Introduce template agreements in order to streamline your processes, improve communication & minimise mistakes
Protect your intellectual property in order to increase the value of your business & protect your reputation in the market
Ensure your business structure is set up properly to protect you legally, minimise tax and to allow for growth
Consider incentives, equity and other programs to retain your valuable staff and motivate performance
Ensure your advertising & marketing programs are designed to maximise sales with minimum legal risk
See our legal checklist for more ideas to take your business to the next level!
If you need assistance with any of the legal strategies above, please let us know.
Current as at December 2010.
The Independent Contractors Bill 2006 was introduced by the Federal Government as a further step towards establishing a single national workplace relations system. The changes will impact on independent contractors arrangements. The bill applies to ‘services contracts’ (contracts for services to which an independent contractor is a party and relates to the performance of work by the independent contractor).
Workplace Policies should be used to regulate dress code, privacy, discrimination & harassment, confidentially, blogging and computer email use and can play a significant part in defending unfair dismissal claims.
Emailing is a quick and easy way to notify employees of updates to company policy but Australian companies should take note of a recent US Federal Court decision which found that sending an email is insufficient to notify employees of the updates.
A restraint of trade clause is a clause in a contract which limits a person’s freedom to carry on a trade or profession. Such a clause must be approached with great caution as courts do not look favourably upon restraining a person’s freedom to trade.