Category Archives: Business

The Power Of Personal Relationships In Growing Development

Personal development can often be a gray area with differing opinions about what may or may not work when it comes to making oneself better.  This can be applicable for those looking for personal growth as well as business growth.  An interesting point of view comes from the team at Huffington Post, whereby they take the angle of the importance that a romantic partner plays.  This is a viewpoint that has recently shared by other thought leaders such as Mas Sajady,  and Mehmet OzContinue reading

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Perth Economy Turning Around Like The Titanic

It’s a common viewpoint that the WA economy is starting to turn for the better, however it may take years for WA to get back on its feet, led by local Perth business sectors such as Perth restaurants, construction, and an increase in demand for services such as real estate agents.

Deloitte Access recently released a report predicting that the recent improvement driven by a combination of an increase in demand for local Perth business offerings, as well as an increase in commodity prices has eased the reduction in the WA economy, which will have a flow on effect to wage increases.

In recent times the Perth economy has been weighed down by a contraction effect, resulting in unemployment increasing to 6.5%.  This also contributed to massive increases in commercial property vacancy and a decrease in the housing market value.

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Cost Savings With Employee Retention

One of the most underutilised methods to increase revenue and minimising costs is that of increasing employee retention.  Depending upon what source you site, it can cost up to 10 times more to hire a new employee than investing in making your current staff members never want to leave.  This can take the form of individual rewards such as bonuses, incentives, or pay rises, or a collective approach that looks to provide a positive impact on the entire organisation, such as flexible working hours, increased staff recreational resources, or a uniquely designed office fitout that provides a collaborative environment, or one that delivers higher productivity.   Continue reading

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