What does the new wage increase mean for your business?
The Fair Work Commission has announced the Australian minimum wage will be increased by 2.5% starting 1st July 2015. The 1.86 million lowest paid workers will get a $16 a week pay rise.
Tanda used its own labour cost reporting system to measure the expected effects this will have on local businesses and found startling results.
Tanda CTO Alex Ghiculescu said “The data determines there could be damaging effects, especially in industries with narrow margins.”
“Take a typical restaurant and bar with around 40 staff. We project their annual wage costs to go up by just over $60,000 even before you add in oncosts for superannuation, workcover, leave entitlements, and so on.”
“A change to the minimum wage has multiple flow-on effects when you consider various award levels, overtime rates and weekends.”
“To put it in perspective, for such a business to keep similar margins they would need to sell around 10,000 beers in addition to current sales.”
If businesses are incapable of raising profit and pricing margins to keep level with the expenses of the wage increase, they will be forced to lay off staff.
Business lobby groups are in agreement with the prediction. Australian Chamber of Commerce and Industry direction of employment, education and training Jenny Lambert says “The Fair Work Commission didn’t do the right thing by the economy by bringing in such a substantial above average increase.”
“We’re now looking at ways to utilise Tanda’s labour reporting systems to help businesses understand the impact on their bottom line,” Mr Ghiculescu says.
Tanda wants to focus on finding a way to make the minimum wage fair for all Australians while keeping Australian businesses strong.
Events & Media AU |
Tanda Open Data Hackathon this weekend – 17th & 18th April
This article is about the 2015 event. Go to hack.tanda.co for 2016’s event details! The Tanda Open Data Hackathon is upon us! Programmers, designers and developers are flocking to Brisbane for Tanda’s first Open Data Hackathon. In a digital era where everything is reachable from the click of a button, it’s no surprise there are now marathons and competitions for the digitally oriented too. Hackathons, e-conferences and everything in between can be a great way to meet new faces in your industry and carve out your own opportunities in the workforce. You can come along as a lone wolf hunting down open data, or bring a pack of friends to brainstorm together. On the first night after pitches, that’s when you’ll have a chance to form your final teams and get ready to compete. Tanda’s Hackathon will be taking place over two locations. Day 1 will see us at our own Tanda HQ for meet’n’greet, drinks and pitches. Then, a fresh start (and a free breakfast) on Saturday morning will begin at Brisbane’s River City Labs. The great facilities at this space will hopefully give all attendants the comfort they need to execute a great pitch. It’s a Learning Experience The main drive of these types of events is that everyone should walk out feeling that learnt something. Whether it’s something a team partner has shown you while trying to create something awesome under pressure, or a competitor reveals a clever trick in their presentation. There’s no point to an idea if you don’t share it. It’s a Networking Opportunity Whether it’s the company hosting the Hackathon or a fellow competitor at the event these are the kind of industry events where you can actually stand out for future employees. Instead of selling yourself in an annoying verbal resume at some cocktail event you can show potential employers your skills in action. It’s a push in the Right Direction Not only will you meet new people, you will receive feedback from the two judges for Tanda’s Hackathon. The first judge will be Tanda’s very own Adam Lyons who spends his time all over Australia helping to implement savvy programs for growth in Australian businesses. Our Guest Judge for the Tanda Open Data Hackathon is Keran McKenzie. Keran has been on the scene helping take start-ups to sky heights for the past 20 years. He’s come up all the way from Melbourne to assess your ideas and test your skills. It’s a chance to help a Great Cause This Hackathon is a “Hack It Forward” kind of event. All proceeds made in this event will go back into student funding for IT, programming, and related student clubs at QUT and UQ. As a Start-Up company ourselves Tanda knows the ideas start with you guys – the students, the idealists, the dreamers and the young entrepreneurs.
Events & Media AU |
The 2013 Lord Mayor’s Entrepreneurs Grant
Last September, Tanda co-founder Alex Ghiculescu was one of the recipients of the inaugural Brisbane City Council Lord Mayor’s Entrepreneurs Grant. Through this grant, he was awarded $1000 to support his professional development and Tanda’s ongoing growth. Alex wrote a summary of his experiences, which we’ve included below. I used my grant to attend the YOW Development Conference, an annual nation-wide software development conference. Being knee deep in building and maintaining a high tech product, you want to take as much advantage of powerful technology as possible. Sometimes, this means sticking to what you know as it keeps you more efficient. But there’s always a risk in not broadening your horizons and trying out new technologies and ideas, and YOW was a great place to do so. My favourite presentation was the keynote – Jeff Hawkins on machine intelligence. The research he’s doing on computing the way the brain does is fascinating and I’m always thinking of ways to apply it to something less exciting, like efficient rostering. I also really enjoyed Scott Hanselman’s presentation on the future of the cloud, and the programming languages that will take us there. We’re hoping to ride this wave of amazing technological evolution to make our cloud time clocks even more powerful for businesses everywhere. So that was where my grant – but that was only part of the story. Getting involved in this program meant meeting a stack of interesting and innovative people doing cool stuff in Brisbane – the other grant recipients! They’re a very smart bunch. I remember we all met up for breakfast one morning at city hall, along with the Lord Mayor and some other Brisbane business people, and all briefly talked about what our business was doing and why it was cool. Afterwards, I openly admitted that Tanda was by far the least exciting business there (unless you’re really keen on award interpretation and payroll integration – OK I admit, I am). For anyone considering getting involved in this grant in 2014, I say do it. Everyone involved is really helpful and keen to see your business succeed and it’s awesome to see the cool stuff being done right on our doorstep. PS. If you’re still not convinced – we also got featured on the Lord Mayor’s Facebook page and all our friends liked it, so that was pretty cool.
Events & Media AU |
Tasmin Lands in San Fransisco for Tanda Tour
One of our directors, Tasmin, just landed in San Fransisco for his Tanda Tour of the USA. He’ll be blogging here regularly as part of his trip! Here’s his first post. I’ve been lucky enough to board with Mark Howard and his wife in the heart of Palo Alto, Silicon Valley. Mark is the Senior IT Project Manager for California’s third largest non-profit health care provider. Mark has over 10 years experience in financial services in UK & Australia. In Sydney, Mark worked for the Commonwealth where he oversaw a $100M budget and the rollout of frontier banking infrastructure, Commbiz and Netbank. This is used by millions and now processes over $20B worth of payments a year. I’m currently a five minute walk from 367 Addison Avenue, home of the ‘HP Garage’ where the company Hewlett-Packard was founded. It is a designated Californian historical landmark and is the birthplace of the Silicon Valley movement. Apple CEO, Tim Cook and Mark Zuckerberg, founder of Facebook are notable suburban neighbours.