3 ways eliminating repetitive work can boost business performance

Posted by: samantha on 22 March 2017 in Human Capital Management

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CB Insights data shows that investment in artificial intelligence (AI) jumped from US$282 million in 2011 to US$2.4 billion in 2015. In fact, in just the first half of 2016, nearly US$1.5 billion was collectively raised by more than 200 AI-focused companies.  This level of investment is driving rapid advances in automation that may soon eliminate repetitive work in our roles, according to The Evolution of Work: The Changing Nature of the Global Workplace report from the ADP Research Institute®. While some may just view this as the possibility of being ‘replaced’ by a machine, 55% of respondents said the trend towards automation is positive. Eliminating repetitive, laborious processes from our roles frees us up to undertake more high-level tasks that challenge us and boost our performance. In fact a new MIT Technology Review shares that competitive Asia Pacific businesses…

Insider’s tip: Your digital transformation begins with an ‘i’

Posted by: samantha on 17 March 2017 in Innovation & Technology

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Digital transformation is the use of technology in such a way that it creates new capabilities and innovation for customers rather than simply to support current business practices. They can be a highly positive enabler for business change – but unfortunately, not all digital transformations succeed.  So how does your business improve the odds and derive greater commercial benefits?To me, information, specifically actionable information, is a key ingredient for digital transformation success. Why do I say this?We operate in a business landscape where information is power. Ready access to information on your operations means you have the power to make timely, meaningful adjustments, minimising costs and maximising results. Having insightful information about your customers leads to quicker opportunity and value creation. Similarly, having the right information about your competitive landscape enables your business to capitalise on every advantage.To realise the…

Remote new hires: 3 tips to boost their engagement and performance

Posted by: samantha on 15 March 2017 in Human Capital Management

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As Australian businesses look for top talent to support their performance in a global market, offering remote and flexible employment options is becoming a key tool for recruitment and retention efforts. In fact, more than half of the respondents in a recent survey said they currently spend their working time in locations other than their primary place of work – with one in five working in three or more locations (1).According to ADP Research Institute's Evolution of Work (2) study, 95% of employees believe they will be able to work from anywhere in the world. Creating a successful remote employee onboarding is therefore a paramount focus for business and HR leaders building international or remote teams. Here are three simple tips to boost the engagement and performance of your offsite new hires: EnableCreate an agenda for HR, the hiring manager, and the…

Workplace technology trends: 3 sites to learn more about the changes

Posted by: samantha on 7 March 2017 in Innovation & Technology

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Staying on top of the latest technological advances can mean the difference between optimising your workforce and falling behind competitors. This is especially important for businesses who want to create a workplace that attracts and empowers top talent. However finding the information you need isn’t easy. In addition to insights from ADP, there are a number of excellent resources that research and report on the most up-to-date business and technology information. Here are a few to consider: Forrester Enterprise MobilityForrester, one of the most recognised and influential research and advisory firms in the world, helps business and technology leaders keep up with the trends and strategies that are driving growth. According to Forrester (1), for example, enterprise mobility is not just about mobile devices, but about a larger shift to new systems of engagement for customers, partners and employees. You can…

Investors in Australia beware: Learn to check for 'skeletons in the payroll closet'

Posted by: samantha on 27 February 2017 in Compliance, Legislation, Multinational & Globalization, Payroll, Superannuation

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Investing in or acquiring an Australian business, without the right guidance, could leave you personally liable for legislative penalties of thousands of dollars.Australian employment relations and taxation laws are some of the hardest in the world to navigate. Research commissioned by the Association of Chartered Certified Accountants ranked the Australian taxation system as the highest in 'complexity' and second lowest in 'fairness' when compared to the UK, USA, Canada, Singapore and Hong Kong.While advisors to prospective investors consider a number of things to ascertain the financial health of a business, checking payroll processes and employer (director) obligations can be forgotten or feature low on their list of top criteria.Here are three reasons why all investors should check for 'skeletons in the payroll closet', before you buy:#1 – The Australian Taxation Office (ATO) shreds the corporate veil Most investors believe they…