Find the most important information you need as a business owner for dealing with Coronavirus
Stefan Kazakis hosts this Q&A with experts from Employsure – the largest provider of workplace relations services in Australia
Gwen Espie and Malcolm Chong discuss the impact coronavirus is having on small businesses and how to deal with the HR implications.
The webinar covers:
Employsure is the largest provider of workplace relations services in Australia, providing small business owners the right advice, documents, tools and protection to achieve workplace confidence.
This cashflow forecast will be your most important tool right now, you must be able to predict your cashflow for the next 26 weeks – this virus will affect us all in one way or another – so the best thing you can do is prepare for that! Once you have prepared your weekly cashflow forecast – you can use it as a guide to get you through the next 30/60/90 days.
The PDF is designed to help you fill out and complete your cashflow forecast – it also explains how once you have completed your cashflow forecast, you will need to fill this out weekly so you can compare what your cashflow says to what actually happened and then make adjustments accordingly.
This 13 minute video is Damien explaining specifically how to complete the cashflow forecast, using examples.
This will ensure that you understand all of the different components of the cashflow forecast and that you complete it in line with what is intended for.
The FAQ And Resource Hub discusses a whole range of relevant points circulating what actions employers should be taking in different circumstances, what this means for payroll, FAQ, and the continuation of employees. There is also a “Tools for Employers” section which has different downloadable documents on processes that should be implemented throughout the crisis.
What if we were to go into shutdown and all non-essential businesses were asked to close for the duration of the lockdown? Kochie’s Business Builder explains what considerations you need to make in these circumstances and where you can find information on employees “standing down” during these sorts of unprecedented conditions.
Correct as at 31 March 2020
If your business has been significantly impacted by the Coronavirus you will be able to access a wages subsidy to continue paying your employees.
Under the JobKeeper program, you will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum of six months. This assistance will help you keep staff and will help you restart when the crisis is over.
If you are in a position where you need to borrow money for cashflow purposes, then the government has implemented the SME Guarantee Scheme, this page explains the terms and conditions in which you can borrow and how much you can borrow up to. It also discusses how long you have to pay this back and when you need to begin paying this back.
There are many initiatives that the government are taking to assist small businesses during this time – it’s hard to know what is applicable to you and what isn’t – we found this page to be very direct and helpful, the page has a range of fact sheets that give specific information on what assistance will be granted during the pandemic.
The Grant Thornton Resilience Wheel is a framework designed to help you have ‘initial’ high level ‘supportive’ conversations within your boardroom as a result of stressed/distressed operating conditions.
There has been multiple changes made in relation to the functions available for businesses on Google My Business.
This page lists all of the changes made and what new features are now available on Google My business.
Check out the features and see what you can do to optimise your business given the current circumstances.