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  Issue 46  I  AUGUST 2018

In this edition: Salary packaging and HELP repayments, employee tenure, Pareto Principle, organisational network analysis, AI for recruiting, workforce planning tools and global talent monitor.

Our first newsletter after a winter break and I’m pleased to welcome Katie Birtles to the SalaryOne team. Katie is our Marketing, Research and Admin Officer and has prepared some of the newsletter articles.
 
In this edition there are links to interesting topics on organisational network analysis, AI for recruiting, workforce planning tools and a global report on talent management trends.
 
The KPI for the month is on employee tenure, one of the many workforce and HR indicators that feature in our annual WA not-for-profit HR benchmarking survey. The 2018 report will be published in August.
 
Our first online calculator is now live on the Salary One not-for-profit web portal – for paid subscriber access. The HELP calculator produces a payroll authority form for employees who salary package and have a HELP debt.
 
Enjoy the read
Julian Keys I Director

Disclaimer: The information provided in this newsletter is made available in good faith and is derived from sources believed to be reliable and accurate at the time of release on the Internet. It is the responsibility of the reader to make his or her own decisions about the accuracy, currency, reliability, and correctness of the information provided.

Feeling confident - or pretending that you feel confident – is necessary to reach for opportunities. Opportunities are rarely offered, they’re seized
- Sheryl Sandberg

Organisational Network Analysis (ONA) 

ONA is a structured way to visualize how communications, information and decisions flow through an organisation. Identify people (nodes) who are information and knowledge brokers, and those who can become bottlenecks. Create structures to increase collaboration and the exchange of information between the right people. Source: Deloitte.

AI for Recruiting

Artificial intelligence (AI) for recruiting is technology designed to reduce, or even remove, time-consuming activities like manually screening resumes. Potential applications include screening software, recruiter chatbots and digitized interviews. Companies with AI recruiting software include Ideal (CAN), HireVue (USA), Predictive Hire (AUS) and Zimpla AI (AUS).

Workforce Planning Tools

5 tools to help identify the gap between current workforce capabilities and future needs. The performance potential matrix is a 9-box grid mapping employee performance and potential. Scenario planning is about imagining multiple possible futures. The other tools are strategic workforce planning map, HR dashboarding, compensation/benefits analysis.
Source: Analytics in HR.

Global Talent Monitor 

A report on global talent trends by CEB (now Gartner). Top 3 global drivers of attraction: compensation, work-life balance, stability. Top 3 drivers of attrition: future career opportunity, compensation, people management. Only 16% of employees report high levels of employee discretionary effort – employee willingness to go above and beyond the call of duty. Source: Gartner

Salary Packaging and HELP Repayments 

If you have employees who salary package and have a Higher Education Loan Program (HELP) debt, they may have to make HELP repayments at a higher rate. Read about the ‘HELP gap’ in our recent blog.
Employees are advised to have additional tax withheld each pay to avoid a nasty shock at tax time. For our NFP subscribers, you can now generate a HELP repayment payroll authority form for employees on the SalaryOne web portal.

Employee Tenure

54% of employees in WA not-for-profit organisations surveyed by SalaryOne have been with their employers for less than 3 years.  And 69% have been with their employers for less than 5 years. This statistic highlights the challenges employers face facilitating employee communication, engagement and teamwork when half their workforce turns over every 3 years.
To gain access to a suite of remuneration and HR benchmarks, subscribe to SalaryOne’s WA NFP research and benchmarking service. Contact julian@salaryone.com.au.

Reward staff before a task not after

According to a new study, introducing an immediate reward can increase an employee’s motivation to continue a task by 20% when compared to those who received a reward after completing the task. Source: HRM Online


Unpaid domestic violence leave

The Fair Work Commission has ruled that employees covered by modern awards will be able to access five days of unpaid domestic violence leave a year. Source: HRM Online


Is unpaid work lawful?

Unpaid work, including unpaid trials, work experience and internships can be unlawful, depending on the nature of the arrangement. Brush up on your rights and responsibilities with the Fair Work factsheet. Source: Fair Work
 

Median weekly pay

The ABS employment survey shows that employees earned an average of $1019 per week in 2017, increasing 2% from 2016. Of the capital cities, Perth and Sydney had the highest average weekly earning at around $1100 per week. Source: ABS


Open plan workplaces decrease productivity

 A survey conducted by Oxford Economics reveals that 63% of employees say the noise level in open floor work spaces negatively affects their work and wellness, while 75% say it makes them more likely to leave their jobs. Source: TechRepublic

Understanding the Pareto Principle

Source: BetterExplained
 
The Pareto Principle is named after economist Vilfredo Pareto, who in 1896 claimed that 80% of the land in Italy was owned by 20% of the population. This came to be known as the 80/20 rule.

Most things in life are not distributed evenly:
  • 20% of the input creates 80% of the result
  • 20% of the workers produce 80% of the result
  • 20% of the customers create 80% of the revenue
Make decisions based on allocating time, resources and effort based on this principle. To put this into practice, ask these questions:
  • Which 20% of your efforts are creating in 80% of your desired results?
  • Which 20% of your efforts are causing 80% of your problems?
And remember, focusing on the top 20% is important, but that doesn’t mean only 80% of the work is needed. It may be true that 80% of a bridge is built in the first 20% of the time, but you still need the rest of the bridge for it to work.
 

Source: Anwar Khalil, MyRecruitmentPlus, Why your loyal clients are your most important assets, not your employees.
 

Preparation, tenacity and gratitude will get you exactly where you want to be - Henry Winkler

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