Artwork

Content provided by timkt. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by timkt or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Player FM - Podcast App
Go offline with the Player FM app!

(065) Risk Free Employee Terminations & Cutting Cost

29:03
 
Share
 

Manage episode 465223498 series 3554680
Content provided by timkt. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by timkt or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Is there such a thing as a risk-free termination? Not exactly—but there are smarter, safer ways to approach it. In this episode of The HR Cartel Podcast, Tim Dive breaks down the termination types that carry the least risk for employers, from probation periods and the Small Business Fair Dismissal Code to redundancies and high-income earners.

But that’s not all. With small and medium-sized businesses under immense pressure—rising costs, regulatory overload, and insolvencies hitting record highs—Tim also unpacks how businesses can cut workforce costs strategically to avoid administration while staying compliant with Australia’s heavily regulated employment laws.

Key takeaways:
✅ How probation periods really work (and why they’re misunderstood)
✅ The Small Business Fair Dismissal Code—what it actually protects you from
✅ Redundancies before and after the one-year mark—who gets paid, who doesn’t
✅ The high-income threshold ($175K+)—and why it gives employers a huge advantage
✅ The step-by-step process for cost-cutting through strategic terminations

If your business is facing financial strain or you need clarity on making tough decisions without legal blowback, this episode is a must-listen.

🔗 Want ongoing expert guidance? Apply to join The HR Cartel and get access to IR updates, compliance resources, and expert advice. Visit www.hrcartel.com.

🎧 Listen now and future-proof your business!

Small Business Fair Dismissal Code - https://www.fwc.gov.au/what-small-business-fair-dismissal-code

  continue reading

75 episodes

Artwork
iconShare
 
Manage episode 465223498 series 3554680
Content provided by timkt. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by timkt or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Is there such a thing as a risk-free termination? Not exactly—but there are smarter, safer ways to approach it. In this episode of The HR Cartel Podcast, Tim Dive breaks down the termination types that carry the least risk for employers, from probation periods and the Small Business Fair Dismissal Code to redundancies and high-income earners.

But that’s not all. With small and medium-sized businesses under immense pressure—rising costs, regulatory overload, and insolvencies hitting record highs—Tim also unpacks how businesses can cut workforce costs strategically to avoid administration while staying compliant with Australia’s heavily regulated employment laws.

Key takeaways:
✅ How probation periods really work (and why they’re misunderstood)
✅ The Small Business Fair Dismissal Code—what it actually protects you from
✅ Redundancies before and after the one-year mark—who gets paid, who doesn’t
✅ The high-income threshold ($175K+)—and why it gives employers a huge advantage
✅ The step-by-step process for cost-cutting through strategic terminations

If your business is facing financial strain or you need clarity on making tough decisions without legal blowback, this episode is a must-listen.

🔗 Want ongoing expert guidance? Apply to join The HR Cartel and get access to IR updates, compliance resources, and expert advice. Visit www.hrcartel.com.

🎧 Listen now and future-proof your business!

Small Business Fair Dismissal Code - https://www.fwc.gov.au/what-small-business-fair-dismissal-code

  continue reading

75 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Quick Reference Guide

Listen to this show while you explore
Play