
How to approach the end of financial year with less stress
Five practical tips to support you and your small business to make EOFY less stressful.
SuperFriend’s most recent research surveyed almost 10,000 Australian workers to understand what makes a workplace thrive. Small business owners can use this information to better understand what they can do to improve mental health and wellbeing for themselves and their employees.
According to the report, there are five domains that contribute to a thriving workplace. Think about what you could do in your small business to improve the following:
In addition to these domains, the report found some individual factors that contribute to wellbeing at work. In some good news for small business owners, owning a business or being a manager at some level was found to lead to a higher Thriving Workplace score. Some other factors included being aged 30-44, working between 30-49 hours a week, working full time, working in a larger organisation with over 200 people and being located in NSW or Tasmania.
The report also found some areas that can have a negative impact on mental health at work. Small business owners should look at how they can improve these factors for themselves and their employees:
Working for a SME (2-200 employees) as an employee was also found to lower wellbeing at work. Some other factors leading to lower workplace wellbeing included being aged 55-64, working 60+ hours a week, working on a casual basis, being financially stressed and being located in QLD or the ACT.
This information can help you build a more mentally healthy small business. Explore our resources below to find out more:
Five practical tips to support you and your small business to make EOFY less stressful.
Tips from business owner and bookkeeper Mark Jennings on how to make the end of the financial year less stressful.
May marked the return of South Australia Small Business Week and Queensland Small Business Month, acknowledging more than 600,000 small businesses calling these states home.
This year’s message is “Look after your mental health, Australia”