Michael Simonyi

Female business ownership has increased by 77.4% since 1991. However, despite this progress, the share of female business owners has only climbed from 30.6% to 35.4% over the past 23 years. We’ve just launched Reckon’s Gender Imbalance Small Business Report. We analysed ABS data and surveyed 1,000 Australian small business owners to discover how many small businesses are run by women, the industries they operate in, their earnings, and the challenges they encounter. Here’s what we learned:  💵 37.4% of female business owners do not take a wage or salary, compared to only 30.7% of men, and nearly twice as many men (13.4%) earn over $3,000 weekly, compared to just 7.4% of women. 💪 ‘Financial independence’, ‘following a passion or interest’ and ‘freedom and flexibility’ are the top three reasons for starting a business or side hustle despite gender. 💰 Male business owners have a median salary nearly 1.5 times higher than that of women. Similarly, male business owners earn an average of $89,759, compared to females who earn $48,729. 💼 Only two industries have a higher percentage of female business owners: Health Care and Social Assistance (64.4%) and Education and Training (62.5%). Industries such as Electricity, Gas, Water, and Waste Services are exclusively male-owned. 🎓 Male business owners tend to hold qualifications like a certificate III or IV or an advanced diploma while two in five female business owners hold at least a bachelor’s degree, graduate diploma, or postgraduate degree. 🏖️ ‘Work-life balance’ is the most common business owner struggle, followed by ‘uncertainty and risk’, ‘financial pressure’, ‘time management’ and ‘burnout’. Find the full report here: https://lnkd.in/g2CWp52R 

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In Australia, the journey towards meaningful employment for individuals with disabilities is marked by unique challenges. In this article, we delve into the crucial distinction between unemployment and underemployment. Do you know the difference? 🤔 Find out: https://ow.ly/trVR50SiGya #AimBig #BiggerThanEmployment #Unemployment vs #Underemployment

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The minimum employment period (probation framework) is the most under-utilised of all HR frameworks in small business. A time to manage a new starter up or out. Best practice is 3️⃣ formal meetings to assess, get feedback and hopefully set your new employee up to succeed! Do you manage it well? wattsnext Group Anita Dazzi Sel (Sue-Ellen) Watts Rebecca Armstrong Alisha McLeod Esteé Schultz Kerri Craig #leadership #HRConsultancy #HRCommunity

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There is a study revealing that three out of four Australians would turn down job offers if a company’s culture didn’t feel like the right fit. By recognising the weight of cultural alignment, businesses can ensure they attract and retain the best talent. Read on to discover why culture should be a top organisational priority. 🔗https://lnkd.in/g7GDmEn5 #CompanyCulture #WorkplaceWellness #TalentAttraction

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Crafting a robust and effective HR strategy is essential for attracting, retaining, and nurturing top talent in your Australian business. In this article, we offer practical tips to align your HR strategy with your business objectives, streamline your hiring process, invest in employee development, foster employee engagement, and build a positive company culture. https://bit.ly/3JZ1tmE

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Another good article from the Programmed Team and particularly relevant In the current business environment., Supplier relationships which foster close collaboration and mutual success are ones which tend to be the most long-lasting. Here are some essential strategies for managing supplier relationships that can help your business thrive. https://lnkd.in/gMWPQ6kC

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Crafting a robust and effective HR strategy is essential for attracting, retaining, and nurturing top talent in your Australian business. In this article, we offer practical tips to align your HR strategy with your business objectives, streamline your hiring process, invest in employee development, foster employee engagement, and build a positive company culture. https://bit.ly/3K1Bfju

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Did you know that Modern Awards each undergo a 4 yearly review (at a minimum, dependent on other legislative changes that may influence updates) by the Fair Work Commission? Generally reserved for those with an interest in reading the nuts and bolts of a somewhat dry topic, for those keen to learn more about the process and what it means, and how you might be able to have input, here are a few links to check out: https://lnkd.in/gAjfGj73 - includes links that will take you to current awards under review, timetable, and decisions. https://lnkd.in/gHCw2bDx - covers the targeted reviews, and priority topics. https://lnkd.in/g2gvKViH - how to get involved in the 2023/24 review. If this is mumbo jumbo, and you are looking to understand, but in laymen (non-IR interested) terms, reach out. [email protected] #modernaward #IRenthusiast #HRMatters #preventativeHR

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Why does your CFO want to leave?? In the dynamic landscape of aged care in Australia, the role of the CFO is becoming increasingly complex and critical. Recent observations indicate that a significant portion of CFOs in this sector are facing unique challenges that might contribute to their high availability for new opportunities. The aged care industry is grappling with several key issues: Regulatory Changes: The constant evolution of regulations requires CFOs to stay ahead of compliance requirements while ensuring financial stability. Funding Pressures: With funding models shifting and financial sustainability being a primary concern, CFOs must navigate the delicate balance between cost management and delivering quality care. Workforce Management: Managing the financial aspects of a large, often underpaid workforce while maintaining morale and service quality is a tough balancing act. Technological Advancements: Integrating new technologies for better care delivery and operational efficiency demands significant investment and strategic financial planning. Aging Infrastructure: Many aged care facilities require substantial investment to update or replace outdated infrastructure, adding another layer of financial complexity. Given these multifaceted challenges, it’s not surprising that many CFOs might be exploring new opportunities, at a significantly higher rate than other aged care executives. As someone deeply interested in the aged care sector, I find these insights crucial for understanding the current state of financial leadership in this space. Sharing these perspectives not only highlights the critical issues at hand but also opens up discussions on how we can collectively support and enhance the role of finance leaders in aged care. If you're a CFO or leader in the aged care sector facing these challenges or have insights to share, I’d love to connect and discuss how we can navigate these complexities together. Your experiences and perspectives are invaluable in shaping the future of aged care finance. #agedcare #CFO #financialleadership #executivesearch #australiaagedcare #execuitveturnover

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Want to develop world class leadership talent WITHOUT sacrificing your wellbeing? Meet the man described as the 'secret weapon' for world class organisations who want to build team connections, improve cultural health and increase productivity. Wiremu Matthews is the Director of Kānuka Wellbeing and Leadership Ltd , a cutting-edge, NZ-based organisation that works with leaders to to create an environment that facilitates positive development, cultural health, social good and growth in results. This approach is unique because he chose move beyond the western model of health and created a unique approach based on psychoneuroimmunology, leadership, coaching and behaviour design underpinned by Te Ao Maori principles and Tikanga. If you want to perform at your best and do what you love by installing new performance patterns, this episode of Make It Count Podcast is simply unmissable. PLUS, for Make it Count Premium subscribers, Wiremu shares his gamechanging '15:3:1 Burnout Buster' approach that will immediately give you a deep performance shift at work and at home. To listen, just scan the QR codes below or hit 'visit my website' at the top of this post to launch Make it Count in your podcast player of choice.

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Are you looking to hire top HR talent in 2024? Our survey revealed that 51% of HR professionals across Australia are considering moving roles in the next 12 months. (up from 45% last year). Download our latest HR market report and salary guide for Australia and find out how to attract the best candidates in HR > https://lnkd.in/gPNqTHGG #FrazerJonesAU #marketreport #salaryguide #hiringtrends #careeradvice #HRTalent #HRrecruitment | Angela Franks | Roxane Sexton | Adela Frydrychova

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Key findings revealed. The CPA Australia 2024 Business Technology Survey explores how AI and emerging technologies are driving innovation. Tune in to gain expert insights from a leading tech and finance expert.

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📣 #𝐍𝐀𝐈𝐃𝐎𝐂𝐰𝐞𝐞𝐤2024 - 𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐚𝐧𝐝 𝐧𝐞𝐞𝐝𝐬 𝐨𝐟 𝐟𝐢𝐫𝐬𝐭 𝐧𝐚𝐭𝐢𝐨𝐧𝐬 𝐩𝐚𝐫𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐜𝐚𝐫𝐞𝐫𝐬? In our 2024 National Working Families Report, Aboriginal and Torres Strait Islander employees reported that: 😰 64% feel stressed when balancing work & family commitments ⌛ 53% find it difficult to take time off for sick children or family members (compared to 40% of survey total) This comment from an Indigenous mother brings this data to life: "𝐈 𝐡𝐚𝐯𝐞𝐧’𝐭 𝐝𝐢𝐬𝐜𝐥𝐨𝐬𝐞𝐝 𝐦𝐮𝐜𝐡 𝐭𝐨 𝐰𝐨𝐫𝐤 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐜𝐨𝐧𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬 𝐚𝐧𝐝 𝐰𝐚𝐬 𝐢𝐬𝐨𝐥𝐚𝐭𝐞𝐝 𝐝𝐮𝐫𝐢𝐧𝐠 𝐜𝐨𝐯𝐢𝐝. 𝐀𝐬 𝐚 𝐬𝐢𝐧𝐠𝐥𝐞 𝐈𝐧𝐝𝐢𝐠𝐞𝐧𝐨𝐮𝐬 𝐦𝐨𝐭𝐡𝐞𝐫 𝐚𝐧𝐝 𝐰𝐨𝐫𝐤𝐞𝐫, 𝐈 𝐟𝐞𝐥𝐭 𝐢𝐭 𝐰𝐨𝐮𝐥𝐝 𝐛𝐞 𝐛𝐞𝐭𝐭𝐞𝐫 𝐩𝐞𝐫𝐜𝐞𝐢𝐯𝐞𝐝 𝐭𝐨 𝐧𝐨𝐭 𝐝𝐢𝐬𝐜𝐥𝐨𝐬𝐞 𝐦𝐮𝐜𝐡 𝐢𝐧𝐟𝐨 𝐨𝐫 𝐬𝐡𝐚𝐫𝐞 𝐰𝐢𝐭𝐡 𝐜𝐨𝐥𝐥𝐞𝐚𝐠𝐮𝐞𝐬 𝐢𝐧 𝐜𝐚𝐬𝐞 𝐢𝐭 𝐰𝐨𝐮𝐥𝐝 𝐚𝐟𝐟𝐞𝐜𝐭 𝐚𝐧𝐲 𝐣𝐨𝐛 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬.” Employers have an important role to play in supporting First Nations families by improving their understanding of kinship care and removing barriers that prevent employees from speaking up. Read more here 👓 : https://lnkd.in/gc_bjPRN #NAIDOC #Familyfriendly

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Ignite+ Scale: Boost Your Queensland Business Share this if you have a sec - great opportunity for businesses that qualify. Advance Queensland has launched Ignite+ Scale, a new program for high-growth, innovation-driven enterprises. Delivered by Deloitte in 2025, it offers: 1. Upscale Intensive Lab: A three-day workshop to refine business strategies and make global connections. 2. Tailored Support: 10 months of bespoke support for selected companies. Eligibility: Must be Queensland-based and meet at least 4 of these criteria: Innovative products/services Established market presence Advanced growth or early scaleup phase Revenue between $3M and $50M 20%+ annual growth over three years Special Focus: Priority industries, regional businesses, Indigenous or female-founded enterprises, and those addressing major challenges. Next Steps: Check guidelines and apply online. Join the EOI Information Session on Dec 10, 2024, 9:30-10:15 AM AEST. Register here: https://lnkd.in/gJz6KJu8

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Exciting News! WilliamsHR has just launched a suite of FREE resources on our website! Over the next few weeks, we will release new resources on topics such as EA negotiation, injury management and poor performance, crafted to help you navigate complex HR challenges with ease. Visit us at www.williamshr.com.au to download or let us know if there’s a topic you would like more info on! #buildingbetterworkplacestogether #FreeResources #WilliamsHR

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“chop, chop, let’s get on with it” says John Roberts, Founder and CEO of AO. He is an Entrepreneur, who has taken a business from start-up to the FTSE 250 and we are delighted to feature him as our next Inspiring Leader. Read all about his career and views #inspiringleaders #ceo #businessinsights

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