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Parental support is about more than time off, says Multiplex

  • Written by: The PR Partnership


Premier construction company Multiplex has launched a new parental leave and support policy which aims to support parents during periods of leave, and bolster their longer-term career progression and financial security too. And with the gender pay gap a significant contributor to gender disparity in the workplace, providing ongoing superannuation payments during periods of parental leave is an important part of the offer.

“When we talked to our pilot group of parents they told us that while paid parental leave for primary and secondary carers was really valued, they also needed longer term support,” explains Multiplex Executive Director - People, Caitriona Comerford.

“They wanted to feel like they were able to continue growing in their careers when they returned to work, and that they weren’t being penalised financially or in terms of career progression for taking time out.”

“Our policy includes 18 weeks paid parental leave for primary carers, available to Mums and Dads at any point in the first two years, and two weeks for secondary carers. That gives our parents a lot of flexibility in how and when they take time off to spend with the family.”

Conscious of providing holistic support, Multiplex also provides one to one transition coaching for all parents taking leave, to help make the transition in and out of work smoother and set them up for success on return.

“It’s not about parents returning from parental leave and being thrown back in at the deep end. We want returning parents to have a clear transition plan in place. The transition coaching involves a conversation with the manager, before going on leave, and upon return. This helps support open and practical conversations about support that is required and any adjustments that need to be made,” says Comerford.

In addition, the policy offers continued superannuation payments for unpaid leave for up to 12 months, an initiative that Comerford says is as much about creating a shift in the industry as it is about providing individual financial support.

“We know that women are underrepresented in construction. And that one of the things we need to do to shift that is ensure that primary carers – who are often women - are not financially penalised as a result of taking time out to look after children.”

“If you take a couple of breaks for children, then lost super contributions during those periods can amount to a lot. So continuing superannuation as well as remuneration reviews for those on parental leave is one way we can address the gender pay gap in a sustainable way.”

Addressing the gender pay gap is an important focus for Multiplex, with CEO John Flecker recently appointed a Pay Equity Ambassador by the Workplace Gender Equality Agency.

“Achieving gender pay equity is important for Multiplex and the wider construction industry,” says Comerford.

“We have conducted independent gender pay equity reviews since 2013 and have made good headway – but it requires an ongoing focus and understanding of the many factors at play.

“Our new policy is one of the ways we are seeking to close the gender pay gap, and support women to have long and successful careers in construction.”

6 Fundamentals to Know When Running A Business

  • Written by: News Co Media


You started a business or stayed in business for a year. Excellent, but do you know how to build a thriving business, especially in these tough times? Below are tips that will help guide you in steering your business in the right direction.




Communication

A vital component to any business is establishing clear communication with all parties including employees, partners, and customers. Without good communication, you risk errors. To establish good communication, a career guide points out the four types of communication, including verbal, non-verbal, visual, and written.

Taxes

Taxes can affect your business. For instance, a rise in your taxes means you're paying more, which could affect an increase in the price of goods or services you provide. Items that will help prepare you for taxes include 1. Finding an accountant who will keep a record of how much you’re spending and earning. 2. Know the advantages of deductibles, since tax deductibles can decrease the amount of money you pay into taxes. 3. Keep your record updated. 4. Maintain a separate business accountant from your personal account. You need this if audit by the IRS.

The Health Of Your Business

You take care of your health. You monitor your health with a check-up every 4 to six months. Your business needs the same care, so having a business health check plan will keep you from running into unhealthy problems.

Your plan should include your goals and budget. By paying close attention to your goals, you target if you're reaching them. Unless you have tons of money to throw away, you need a budget so that you won’t get in a habit of overspending. Your budget should include a spreadsheet to keep track of what is being spent, or if you prefer software.

Cut your Cost

Learning how to cut back saves money if struggling. The extra money can go to investing in the future of your business. To reduce spending, decrease your inventory. Research your business and find out the amount necessary. When reducing inventory, you spend less on material and save money for something else. You can get expert advice with a business tax accountant bondi junction.

Reducing inventory will free up space so that you may not need to rent as large an area.

Another way to cut costs includes buying second-hand furniture for your business. Consider a used laptop, faxes, furniture. You don’t have to settle for inferior goods either. Buying a one-year-old laptop will not only save you on the price, but the money you save could go back into your business.

Website

An attractive website increases the chances of customers for your business. Your website must have a sound idea that will attract those customers and promote sales.

Advertise And Organization

Get to know about advertising for your business. One of the best ways to advertise is online, used tools like search ads. By using search ads, you can direct potential customers to your website. Google is a top rater for finding search ads for any business. Social Media is another place to advertise for your business. Social Media will help you connect with customers faster and according to a website, over 52 per cent of those who use social media believe it helped to grow their company.

Statista.com puts the number of people using the internet at 4.66 billion, or almost 60 per cent of the world's population. With that many people using the internet, you cannot afford to not advertise online.

Avoid making the mistakes of those who started a business and lack organization. You need to build your organizational skills for a business to thrive. Without organization, tasks are left unresolved, money and time wasted.

Hopefully, these tips will help guide you in making your business successful.

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