Retaining Gen Z in your workforce Hiring and retaining Gen Z employees involves understanding their unique values and priorities. Here are key aspects beyond salary that are important to Gen Z, along with reasons why they matter and how to attract and retain these employees: 1. Work-Life Balance Why it Matters: Gen Z values flexibility and the ability to balance …

Why SMEs struggle with business compliance and what can be done? Many small business owners in Malaysia often struggle with compliance issues like audits, taxes, and SSM (Companies Commission of Malaysia) due to several factors: 1. Lack of AwarenessMany small business owners may not fully understand their compliance obligations or the consequences of non-compliance. By the time they realised, it …

Tax Evasion in Malaysia Last year in Malaysia, businesses tried to avoid paying RM6.34 billion in taxes, which is more money than what important ministries like Health, Education, or Home have for their projects. The tax authorities, known as the Inland Revenue Board (LHDN), found this out from 137,453 cases. There’s also about RM70 billion lost because of the “shadow …

e-Invoicing in Malaysia The Malaysian government is rolling out e-Invoice gradually to make tax management smoother as part of their plan to boost digital services. This new system lets businesses quickly validate and save transaction records for sales to other businesses, consumers, and the government. For businesses, there are two ways to send e-Invoices to the tax authority: 1. MyInvois …

The importance of Cultural Fit Recruitment Assessing cultural fit during recruitment is crucial for ensuring integration of new employee with the existing team. Here is how you can identify cultural fit incoming employees better: 1. Define Your Company Culture: Clearly outline your company’s values, mission, and culture. This serves as a benchmark for assessing cultural fit. Give examples during interview …

The Importance of a Company Culture Playbook Many business owners only focus on skills and experience instead of the cultural fit of the team. It is crucial for a company culture playbook or guidebook to be created with the following: 1. Introduction:    – Brief overview of the importance of company culture.    – Explanation of how the playbook will …

Townhall MeetingWhat Is It And Why Is It Important A company annual town hall meeting is a type of gathering where leaders and employees come together to discuss company updates, share valuable and relevant information, and engage in open dialogue. It is usually important for fostering transparency, engagement, and alignment within the organization between business owners,  management and staff members. …

Staff Turnover. How to retain staffs better? Staff retention can be challenging for small business owners. Here are the Top 3 possible causes: To address these issues, consider implementing employee recognition programs, investing in training and development initiatives, and adopting flexible work arrangements. These measures can significantly contribute to improving staff retention. Disclaimer: The information provided in this article serves …

Strategies To Retain Staffs Better Staff retention can be challenging for small business owners. Here are the Top 3 possible causes: Top three factors that often contribute significantly to staff retention: Addressing these three factors can significantly contribute to creating a work environment that encourages staff retention. Disclaimer: The information provided in this article serves as a general guide. However, …

Effective Invoice Management Invoice management involves creating, sending, and tracking invoices systematically. For a small business, this could mean ensuring that each invoice is accurate matching to Purchase Order, if any, contains all necessary details, and is sent promptly to clients. For instance, sending an invoice immediately after completing a service or delivering goods. Utilize accounting software to streamline invoicing …