
Australia's minimum and award wage increase to impact 260,000 small businesses
Approximately 260,000 small business owners will need to make payroll adjustments due to an increase to minimum and award wages from 1 July 2023.
The Department of Industry, Science, Energy and Resources recently published a report on small business and mental health. The research provides useful insight into how small business owners have been coping in general, as well as following the bushfires and COVID-19.
The report was written in response to the high levels of mental ill-health reported by small business owners. Responses of over 1000 small business owners across Australia were gathered to look at a variety of different factors including mental health, the needs of small business, stressors faced, support seeking behaviours, and wellbeing strategies used.
The report includes many more mental health findings relevant to you and your small business.
Read the full report on the Department’s website here.
Approximately 260,000 small business owners will need to make payroll adjustments due to an increase to minimum and award wages from 1 July 2023.
eNews: bringing together resources from the Ahead for Business digital hub with events and services from the community to support your mental health and wellbeing in small business.
Today is R U OK? Day, a national day of action dedicated to reminding us to check in regularly with people around us.
The challenges small business owners are facing throughout the pandemic can impact their mental health.