Human Resources

• Skills

  1. Main sources of finding and attracting staff:

  Word of mouth, advertisements in the media, Australian Job Search, schools/universities/TAFE, private employment/recruitment agencies.

  1. Some reasons it is important to have skilled staff:

  Skilled employees are more productive and create wealth for the business. ‘Employability skills’ make people more effective. 

  1. An employee's options if the skill level of their employees is inadequate?

  Provide training to improve the skill level of existing employees, and/or recruit people who have the required skills.  
• Cost (wage and non-wage)

  1. The main costs associated with employees are wages and salaries, but there are also significant costs associated with hiring employees.

  On-costs are payments for non-wage benefits that include sick leave, holiday leave, holiday loading, maternal/paternal leave, insurance, superannuation. A manager needs to plan for these expenses. This may allow a manger to rethink an employees position as casual (as this means there are no monetary benefits for days off and etcetera)
• Cost

  Superannuation is a scheme set up by the federal government. It requires all employers to make a financial contribution, employees access when on leave or retirement. The percentage of SA an employer must contribute will increase gradually to 12% by 2025. At this time it is now 11.5%.
• Taxation

  Taxation is the compulsory payment of a proportion of earnings to the government. 
• Federal taxes

  Income tax 

  Employers must take the correct amount of the employee’s salary. 

  Fringe benefits 

  Extra benefits given to the employee are taxed e.g company car 

  GST 

  10% of most goods and services 

  Company tax 

  Company taxed on profits (around 30%)
• NSW GOV taxes

  Stamp duty

  A tax levied on the transfer of property (e.g real estate, businesses, shares) imposed on the buis. Or individual

  Land tax

  A tax on land owned by individuals or business over a certain value

  Payroll tax

  Payable on wages paid by an employer to their employees on payrolls that exceed 1.2 million at a rate of 4.85%
• Local government charges

  • water and sewerage
  • waste management services
  • development and building approval fees
  • inspectors’ fees
  • parking permits
  • use of public property.

  The income generated from these taxes is used to provide better facilities for the local community.