Hire and Rental News - May 2018

15 HIRE AND RENTAL NEWS • MAY 2018 INDUSTRY in FOCUS • Outline the application of all systems and policies; • Ensure changes are correctly communicated; • Ensure documentation and systems are easy to understand and follow; • Conduct regular reviews so systems and processes remain current; • Any consequences of non-compliance need to be clearly outlined; and • Identify company rules, explain why they exist and provide examples. 3 Ensure understanding People are often the biggest asset your business has. To be successful, they need to thoroughly understand their roles and responsibilities. To empower them to be their best, the following documentation needs to be in place: • Job titles and descriptions; • Employment contracts; • Segregation of duties; • Communication policy: Dissemination of information; and • Induction process: Set employee expectations. While they may appear bureaucratic, these policies can help you to operate your business without constant management intervention, connect your vision with business practices, and allow employees to clearly understand their roles, responsibilities and opportunities. Policies and procedures present a cohesive, professional business image and they are a good indication of proactive, progressive management. They save you time and stress, and can help you to attract higher quality employees. They provide your staff with clear direction, which can increase efficiencies. Finally, policies can also be advantageous in supporting employers in unfair dismissal claims, OHS prosecution or other liability claims. If your business is experiencing rapid business growth but your policies and procedures haven’t kept up, consider if it is time to thoroughly review your existing policies. If this doesn’t seem like much fun, or you’re not sure where to start, Fordham can assist. Be it an owner plan, business plan or management workshop, Fordham Business Advisors has developed tools to alleviate business growing pains. Contact: 03 9611 6066 or visit website: www. fordhamgroup.com.au This information is believed to be accurate at the time of compilation and is provided in good faith. However, it contains general information only and is not intended to provide you with advice or take into account your personal objectives, financial situation or needs. You should consider whether the information is suitable for your circumstances and we recommend that you seek professional advice. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. "Policies and procedures present a cohesive, professional business image and they are a good indication of proactive, progressive management..." QUALITY YOU CAN TRUST HOPPT AUSTRALIA - CONSTRUCTION EQUIPMENT Email: sales@hoppt.com.au Web: www.hoppt.com.au GET THE JOB DONE! Call Hoppt now on 1800 046 778