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How to conduct successful performance reviews

How to conduct successful performance reviews

1 July 2011

Business owners and managers can easily get caught up in the day to day management of their businesses and overlook the importance of employees having the opportunity to discuss their role and contribution to the business. 

A formal structured process, commonly known as a performance review or appraisal, is a very valuable tool in business for both employers and employees. The process of shared feedback and discussion will ideally result in an employee motivated to increase future performance. 

The review process is a two-way conversation to discuss the employee’s performance over a given period of time. It is an opportunity for the employer to provide positive and constructive feedback. 

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Share market volatility - A new perspective

1 July 2011

Here at Boyce Financial Services we recognise that there are two main categories of reactions from clients in times of price declines and volatility in the share market. 

One category sees volatility as an opportunity to buy shares in quality companies at a discount to their normal price. The other category sees the short term price movement as scary, and avoids buying shares when they are cheap. They worry about losing their money in a volatile market. 

It is a natural reaction to worry if you are focused on the short term share price and you see it move downwards, sometimes dramatically. You may feel that you are actually losing money. This is because you equate the share price of the company with the actual economic value of the company.

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Super clearing house for small business

1 July 2011

The Australian Government’s free Superannuation Clearing House which became operational in July last year, appears to be a winner with small business. 

The Superannuation Clearing House service is available to small businesses with fewer than 20 employees. The service is designed to reduce red tape and compliance costs for small businesses in meeting their superannuation guarantee obligations. 

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