Natasha Hawker from Employee Matters on how owners can better manage employees for greater small business success.

@Natasha Hawker  founder of @Employee Matters discusses the importance of employees in small businesses, and the impact they have on business performance. Natasha emphasizes the need for exceptional HR practices and the role they play in driving business growth and sustainability. 

She also discusses the current employment relations landscape and the importance of compliance. Natasha provides insights into the red flags that small business owners should be aware of and the benefits of outsourcing HR services. 

She concludes by discussing the significance of employee ownership and the role it plays in business success and potential sale. The conversation explores;

• the importance of investing in personal and professional development for both business owners and employees
• the need for business owners to have a growth mindset and actively seek opportunities to learn and improve
• the benefits of employee ownership and how it can increase engagement and motivation
• the significance of creating a compelling employee value proposition and fostering a transparent and inclusive work environment
• the use of advisory boards and networking with other business owners is also recommended as a way to gain valuable insights and support.

Natasha made it very clear how your employees have such a significant impact on the performance and success of small businesses. This short video beautifully categorises the 4 types of employees and provides a framework for business owners to better manage their #employeeassets. 

https://share.vidyard.com/watch/qVFVgq3EKyYakjSjQkGCEN?vyetoken=fa04c069-8443-4adb-b9b9-c9ca0dae4ae4&portalId=20625731

Takeaways

1. Exceptional HR practices are crucial for business growth and sustainability.  For more information on better managing the 7 main HR risks you should read this ebook from Employee Matters (https://app.hubspot.com/documents/20625731/view/791072601?accessId=a9b9bb)
2. Small business owners should be aware of red flags such as pay secrecy and compliance with employment relations legislation.
3. Outsourcing HR services can provide expertise and support for small businesses without a full-time HR resource.
4. Employee ownership can contribute to business success and potential sale. Investing in personal and professional development is crucial for business owners to improve their skills and knowledge.
5. Employee ownership can increase engagement and motivation among employees.
6. Creating a compelling employee value proposition and fostering transparency and inclusivity are important for attracting and retaining high-quality employees.
7. Advisory boards and networking with other business owners can provide valuable insights and support.

@kerrcapital

@michaelkerr

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Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.

michael.kerr@kerrcapital.com.au

www.ownertoownerpodcast.com.au