As a middle market business owner, you have a lot on your plate. You are responsible for the vision, strategy, and growth of your company. You have to manage multiple stakeholders and navigate the challenges and opportunities of a changing market and economic landscape. You have to balance the needs of your employees, your customers, […]
Spring is a season of renewal, growth, and optimism. Traditionally it’s time to air out the house, take stock of how the year is going and see what needs to still be achieved. It’s also a great time to take a look at your business and see how healthy it is. But what exactly is […]
When Generative AI burst on the scene with the release of ChatGPT in November 2022, the barriers to adoption for law firms seemed to outweigh the benefits. There were questions around data leakage, some high-profile examples of ‘hallucination’ (the fictitious creation of legal precedents), and concerns that adopting AI could introduce errors into legal documents. […]
Delivering Value for Money (VFM) in infrastructure and major projects is crucial for achieving the best outcomes at optimal costs. This encompasses financial efficiency, but also the quality, timeliness and the overall impact of the project. In Australia, infrastructure projects play a pivotal role in the national economy and face distinct challenges. But how can […]
Infrastructure and major projects are essential for the economic and social development of any country. According to the 2023 Infrastructure Australia report, for every $1 billion invested in infrastructure, Australia sees an estimated $3 billion boost to the economy. These projects create jobs, stimulate local economies and enhance overall productivity. They provide the backbone for […]
Key findings: AI has the potential to boost productivity, but the actual benefits have not fully materialised Like an employee, AI needs trust-building, clear expectations and small projects to demonstrate benefits Accurate and transparent data is crucial for AI performance – poor data inputs can lead to high ‘hallucination’ rates Artificial intelligence (AI) has been […]
On 17 September 2024 Royal Assent was granted on the climate reporting legislation previously approved by both Houses of Parliament. On 20 September 2024 the first Australian Sustainability Reporting Standards (ASRSs) were approved by the Australian Accounting Standards Board (AASB). Climate reporting legislation The climate reporting legislation is contained in Schedule 4 to the Treasury […]
Wage underpayments continue to be in the spotlight, following accusations of ‘wage theft’ against some of Australia’s biggest employers like Wesfarmers, Coles and Woolworths. Not-for-profit (NFP) organisations have been under the microscope too, with allegations levelled at the Australian Broadcasting Corporation, The National Library of Australia, and even government departments. Whilst underpayments may not be […]
Key findings: Creating a strong Employee Value Proposition (EVP) should be a core focus for an organisation’s leaders People aren’t as interested in climbing a ’career ladder’, instead opting to move around a ‘career lattice’ that offers a wide breadth of experiences Building a strong EVP starts with understanding and listening to your people Workplaces […]
It’s understandable that firms may feel tempted to take on client work that is outside their core offerings but that can be a false economy for many. Utilisation has continued to fall in the past year, even as demand has recovered, and that can be enough for firm principals to try and recover the sunk […]
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