Operating Plan

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People

There are many points that require consideration when employing people to assist with the operation of your business. These relate to the hiring of staff, your legal obligations to employees, staff management and the termination of employment.

When hiring new staff, you will need to consider:

  • Type/Number of employees
  • Hidden costs of employment
  • Employee roles and responsibilities
  • Employee skills, attributes and experience
  • Recruitment costs, time and resources

People group teamYou will also need to make yourself aware of your legal obligations as an employer including:

  • Occupational Health and Safety regulations
  • Workers Compensation cover
  • Employee Superannuation
  • Equal Employment Opportunity and anti-discrimination legislation
  • Wages and leave entitlements
  • Taxation obligations and records/reporting

It is also important to be able to manage and retain your employees. In order to effectively do this you should consider:

At some stage you may be faced with ending a staff member's employment. Therefore it is important to have thought about the following:

Effectively managing the people within your business is fundamental to its success. It is important to be able to find, recruit, develop and retain good employees. By doing so, you can ensure that your employees understand the objectives of the business and work towards business development and customer satisfaction.

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Build your business plan by answering the questions below. A plan will automatically be generated based on your responses. Avoid changing your answers offline as they will not be saved to your profile.

Operating Plan

Q.1 How many employees will you have? Give Answer
Q.2 What are their job descriptions? Give Answer
Q.3 What are your projections in regards to staff turnover? Give Answer
Q.4 What are your plans in regards to training and development of your employees? Give Answer
Q.5 What are some of the potential risks that may arise in relation to staff? Give Answer
Q.6 What measures will you implement to reduce the impact of these risks? Give Answer
Q.7 Are you aware of your obligations to your employees in terms of entitlements? Give Answer