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  • 24-May-2019 10:14 | Anonymous

    The most common reason people give for leaving a company is their boss. The uncomfortable truth is that people don’t leave their jobs, they leave their bosses!

    On the flip side, it is also true that people will stay with a fantastic manager, even if the work is ‘just okay’ or their commute to work is ‘horrendous’.

    Google’s Project Oxygen uncovered 3 significant pitfalls for managers. Falling into these habits will almost certainly mean that your team will NOT regard you as a great boss. Some of them will probably leave and those that do will, unfortunately, be exactly the people you don’t want to lose!

    The 3 pitfalls uncovered by Google you need to AVOID are:

    1. Having Difficulty Connecting with Your Team

    This sometimes occurs when a person is promoted from being a team member to being the Team Leader or manager.

    This transition can be difficult for several reasons. Sometimes the other team members struggle with the notion that ‘one of them’ is now ‘managing them’. This can show up as resistance to take direction or advice, or as muttering or complaining ‘he/she thinks he’s/she’s above us now’.

    It can also be difficult for the person being promoted to get used to the idea that they now need to have the overview and to motivate others rather than to be an excellent operator themselves. Finding the right balance between managing and operating is challenging for many managers, especially those who pride themselves on ‘getting stuck in’ or ‘being task-driven’.

    If you are appointed directly into a management role in a company this can also be challenging. You must gain the trust of your team, have enough knowledge or expertise to be credible while at the same time not assume that you are so experienced that you don’t need to learn anything.

    2. Lacking a Consistent Approach to People’s Performance

    When managers show a lack of consistency in their approach to performance reviews/performance management and career development they lose the respect and trust of their team.

    Most people can handle bad news, but they won’t accept what they believe is unfairness. Hence it is critical to have genuine clarity around the criteria for performance reviews. Using these criteria mean that people are assessed against standards and not merely compared with other people. Whenever people are compared to others you will get questions and comments about favouritism and unfair treatment.

    Staff must know what specific standards they are being assessed on, prior to the performance review cycle taking place. As their manager, you must be well-prepared with your assessment and have examples you have observed to support your assessment. This enables a constructive conversation to occur rather than an uncomfortable disagreement with blame, excuses and no resolution.

    There is no such thing as ‘agreeing to disagree’ with regards to performance. Unresolved performance issues result in disengagement and resentment and very often, a decrease in commitment from the entire team.

    3. Spending Too Little Time Communicating

    Spending too little time communicating does not mean you should just keep talking for the sake of it!

    It does mean that in today’s workplace staff expect two key communication skills from their manager:

    TO KNOW THE WHY AS WELL AS THE WHAT

    Simply giving instructions or making demands worked, in fact was expected, 20 years ago.

    Now people expect to know why they are being asked and how this task or change will be of benefit before they will commit to completing it.

    You can choose to mutter ‘Gen Y’ and ‘back in my day’ or you can choose to respond to today’s world and get the outcome you want by adjusting your management style! Interestingly I often hear Baby Boomer managers complain about Gen Y, muttering about how Gen Y should ‘just get on with it as we did’ …… Gen Y are the children of the Baby Boomers. I wonder what that says about parenting as well as managing?!

    STAFF EXPECT THEIR MANAGERS TO BOTH SPEAK AND LISTEN

    Staff expect their manager to listen actively and openly.

    Answering emails or continuing to type while you are listening is not listening actively. Interrupting staff or responding immediately with ‘no, we’ve tried that before’ or ‘sorry, but that won’t work’ will not lead your staff to describe you as a good listener let alone a great boss. Many managers need to learn to ask more questions and make fewer statements, to listen with a ‘researcher’s hat’ on rather than with a ‘judge’s hat’ on.

    Managers of course, want to be great managers. Each of us does have talents, strengths, and weaknesses. As a manager, you must acknowledge your weaknesses, particularly if they include one or more of these 3 key pitfalls. After acknowledging the weakness, you must then act to develop in this area.

    If you want to improve the way you communicate, collaborate and connect with your team, we suggest attending our international GREENLINE Conversations Program. This dynamic 1-Day program has been used by companies such as Google, Pepsi and EY to create a high performance culture in their businesses.

    As a member of Western Sydney Business Connection you have the special opportunity to complete the FULLY FUNDED, nationally accredited 1-Day GREENLINE Conversations Training Program for Managers and Leaders. You can choose to do this by joining one of our Open Programs (see the link below) or by requesting an Inhouse Program for your business.

    To LEARN MORE call Ramsina McCully from World Class Teams on 1300 085 248 or book your seats directly via https://greenline-open-program.eventbrite.com.au


  • 23-May-2019 16:45 | Anonymous

    Thursday night bowling with the Eels at Parra Leagues - $14 per game per adult, $10.20 per game per child. Includes:

    - 1 x game of bowling
    - 1 x XD Dark Ride

    - Meet & Greet with a Parramatta Eels NRL player

    Simply book your lane for 4+ people for 6pm on a Thursday between 22 May 2019 and 31 July 2019. 

    Mention this offer when you come in to Kicks Tenpin & Arcade and you will receive a free XD Dark Ride and meet & greet with a Parramatta Eels NRL player.

    Looking to book for 15+ people? – call the Parra Leagues Functions team on 02 8833 0738.


    Ts & Cs

    Bookings must be for 6pm on a Thursday night between 22 May 2019 and 31 July 2019. Not valid with any other offer including Parra Leagues Membership discount. Height restrictions apply to the XD Dark Ride. Min 4 people per booking. Groups under 15 people must book online at https://kickstenpin.com.au/book-online/. Every group will receive a meet and greet with a Parramatta Eels NRL player. The player cannot be specified by the group making the booking. Only available whilst stocks last.


  • 23-May-2019 16:27 | Anonymous

    From the beginning of July 2019 the financial thresholds for categorising a “large proprietary company” will be significantly increased. This in turn will increase the number of companies exempted from the requirement to make accurate financial statements publically available through the Australian Securities & Investments Commission (ASIC).

    The changes are summarised in this table:

      Current Post 1 July 2019
    Annual consolidated revenue for the company and any entities it controls (control being determined based upon the accounting standards) $25 million $50 million
    Value of consolidated gross assets at the end of each financial year $12.5 million $25 million
    Employees of the company and any entities it controls 50 employees 100 employees


    As with most legislative reform, there are positives and negatives.

    The Federal Government estimates that the changes will reduce the cost of regulatory compliance by about $80 million per annum for approximately 2,200 businesses.

    However, credit providers are concerned that without access to accurate financial information, costs for access to credit will increase. Concerns have also been expressed that a relaxation of the discipline involved with a regular reporting of financial position to ASIC will lead to an increased incidence of corporate insolvency and insolvent trading.

    The amendments are contained in the Corporations Regulations 2001 and will become operable on 1 July 2019.

    Debt recovery newsletter now available

    Matthews Folbigg are pleased to announce that the latest edition of their debt recovery newsletter is now available. A copy of the newsletter, containing a host of practical debt recovery tips, may be accessed here.

    If you require any further details or wish to discuss these issues with one of their specialist lawyers, please do not hesitate to contact Matthews Folbigg:

    Address: Level 7, 10-14 Smith St, Parramatta NSW 2150
    Phone: (02) 9635 7966
    Email: info@matthewsfolbigg.com.au



  • 23-May-2019 15:55 | Anonymous

    The City of Campbelltown is experiencing unprecedented growth. With this growth comes opportunity – to generate growth in investment, to create local jobs for local people, to transform the city into a dynamic, self-sustainable, liveable urban centre, where people and business want to be.

    To capitalise on this opportunity, Campbelltown City Council is developing and implementing a range of city-changing projects which will not only transform the city, but be a catalyst for economic and cultural investment and contribute to Campbelltown being a destination of choice to live, study, play and do business.

    Click here to view some of the exciting projects currently underway in Campbelltown and to find out more about their journey.


  • 23-May-2019 13:15 | Anonymous

    Have you heard about the Jobs for NSW Western Sydney Investment Attraction Fund?

    It’s a $5 million fund aimed at supercharging fast-growing small to medium- sized enterprises (SMEs) driving the jobs of the future in Western Sydney. The fund helps grow new high-value knowledge-based jobs and investment in our region.

    Through the fund, Accelerating Growth Loans; Strategic Growth Loans and Loan Guarantees are available to eligible fast-growing businesses in Western Sydney.

    Scalable businesses, reaching a market beyond New South Wales and creating new jobs in our region are eligible to apply.

    Over the years, Jobs for NSW has helped kickstart businesses across the state. For example, Sydney startup VAPAR is transforming the way Australian councils and water utilities maintain their stormwater and sewerage assets, with a boost along the way from Jobs for NSW.

    If you want your business to be next apply now.


  • 20-May-2019 17:23 | Anonymous

    By Michael Page

    The take-up and implementation of new technology, particularly automation, has directly impacted the productivity and success of Australian businesses of all sizes. On a people level, this evolution has also required a new standard of efficiency. In response, companies are undergoing significant business transformation.

    According to Heidi Duncan, former Finance Director at ALDI Stores Australia, whether organisations are going through a formal transformation or tackling the challenge as a business-as-usual piece, there are always opportunities to “get the best out of your people in order to make those efficiencies come to fruition”.

    “What I mean by business partnering is what we actually do within our teams, which involves challenging at the macro and the micro level,” Duncan said at a recent Michael Page Finance Business Transformations event held in Parramatta.

    “That requires understanding the overall outcome your team is there to achieve, and analyse whether it’s being effectively fulfilled.”

    Use the right language

    Also speaking at the Business Transformation event, Olga Fadeeva, General Manager Human Resources at Toyota Material Handling Australia recommended HR practitioners learn to communicate with the business’s multiple divisions in a way both parties understood.

    Fadeeva used the example of an organisation’s HR and finance functions needing to understand each other, and for HR’s value to be recognised.

    “Different functions use different language and terminology and it’s critical for HR people to understand, as many don’t know the language of finance, which means they struggle to articulate, for example, a proposal that will lead to sustainable performance,” she explained.

    “Very often, HR people underestimate that or neglect to recognise that outside of just human relations – we talk about amazing initiatives that we’re going to introduce via HR but the CFO and business leaders are looking at the cost of it.

    “So it needs to be presented in the language of cash flow – the initial costs of implementation and the return on investment.”

    RELATED: Why finance should be seen as a business partner

    Business Transformation: the new norm

    As much as a buzzword it may be, the current environment of continual business transformation is the reality of businesses today.

    “Organisations will continue to transform; there will be changes and there will be challenges,” Farhad Malegam, Western Sydney Finance Consultant at Michael Page said at the event.

    “If we take some of these principles, apply it and utilise it within our business networks, we will see even more success.”

    He said with technologies evolving, so are business models and the talent within those organisations.

    “The last two decades have shown businesses that refrain from change and adoption of new technologies would eventually die out or get acquired,” he warned.

    Commenting on the outlook for businesses and hiring talent in Western Sydney for 2019, Malegam said unemployment rates across NSW have been at their lowest level in over four decades so there has never been a better time to look for a new job.

    “Business partnering and analyses roles are in the highest demand. This is primarily driven by businesses optimising data analytics and big data and are harnessing the power of technology and data-driven decision making,” he revealed.

    If you're looking for your next role in Western Sydney, or need help with staffing, contact a Michael Page specialist today.

    RELATED: The Future of Human Resources: 8 drivers of change


  • 20-May-2019 17:00 | Anonymous

    Growing up in Dubbo, Molly was your ordinary sporty, happy-go-lucky, 11-year-old girl. Following in her big sister, Maddison's, footsteps, she played representative netball, hockey and basketball. Living in country New South Wales, sport is a way of life, and Molly was kicking some amazing sporting goals.

    But during a trip Sydney to play netball, her leg was sore, her shin was hurting, and as the days went on it was obvious something wasn't right.

    On Molly’s twelfth birthday, it wasn't with her friends in her home town of Dubbo. She was hours away, in Sydney, and doctors from The Children’s Hospital Westmead were preparing to begin treatment for osteosarcoma: bone cancer.

    Over more than 10 months, she underwent surgery, and a total of 30 weeks of chemotherapy. During that time, Molly and her family had to make a new home, at Ronald McDonald House Westmead.

    Throughout the journey, the Croft family stayed close to Molly, supporting her, and also receiving support from the other families at the House, who understand how challenging a serious illness or injury can be.

    On the 9th of April, 2019, Molly had her last round of chemo, meaning her treatment protocol is done. More importantly, it means that Molly and her family are heading home to Dubbo.

    Molly and her family want to help raise funds for Ronald McDonald House Charities Greater Western Sydney and Pay it Forward to help families just like theirs.

    Your support means that other families like hers can also stay together during some of the toughest times imaginable.

    To donate, go to https://rmhcgws.org.au/molly



  • 16-May-2019 18:54 | Anonymous

    There has never been a better time to be a private company.

    Advances in technology have brought private businesses closer to their customers, globalisation has granted greater access to once remote markets, and a new generation of cutting-edge talent is bringing fresh thinking into strategy. However, market changes like cyber-attacks, trade tensions and geopolitical uncertainty can pose significant risks to growth.

    How are private companies and their leaders tackling these challenges? Learn how today’s private company business leaders are facing uncertainty with confidence in Deloitte’s latest global study.


  • 16-May-2019 18:27 | Anonymous

    Enjoy BAR 30 & Bistro's Lunch on the Deck for only $19.90. Choose from a selection of signature mains, from a variety of fresh local producers.

    Available Monday to Friday from 12:00pm to 2:30pm, this great deal includes a glass of selected wine, beer or soft drink.

    PARKROYAL Parramatta would also like to offer WSBC Members and contacts the following special offer:

    Quote ‘WSBC’ upon booking and receive 10% off the total bill when dining for lunch at BAR30 and Bistro.

    Valid when dining before July 26th 2019. Monday-Friday only

    For reservations and enquiries, please contact the PARKROYAL Parramatta team on:

    P: 9685 0377

    E: dining.prsyp@parkroyalhotels.com

    Click here for further information



  • 13-May-2019 09:01 | Anonymous

    7 things you need to check on every dubious email

    There was a time when fake emails were easy to spot. They usually announced a million dollar prize in a lottery we never entered or requested urgent access to your bank account on behalf of a long-lost relative. That’s no longer the case.

    Click here to read the full article.


    Macquarie has been providing Business Banking solutions for over 30 years and provides SME clients with tools and strategies to grow and develop their business. You can get regular updates by subscribing to the monthly newsletter, Strictly Business by visiting macquarie.com.au/businessbanking. If you would like to find out more about how Macquarie can support you to take your business further, call Sam McCarthy at our Parramatta office on 0417 518 724 and be connected with one of our banking specialists.

    This information has been prepared by Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502 (“Macquarie”) for general information purposes only. This information does not constitute advice. Opinions expressed are subject to change without notice. No member of Macquarie accepts any liability whatsoever for any direct, indirect, consequential or other loss arising from any use of this information.


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