Underperforming employee? Know what to do.
In a small business, underperformance can be particularly noticeable with the impact on customers and your other staff who may have to work harder to cover the gaps. If left, underperformance can result in customer complaints or losses, and impact staff morale, which has a further impact on productivity.
Is an underperforming employee harming your business?
It’s the conversation no small business owner wants to have – how to deal with an underperforming employee.
The cost of retaining an underperforming employee is difficult to quantify as it could impact potentially each facet of your business from client relationships to bringing down the morale of your otherwise high-performing staff, and depends on the type of industry that you operate in.
Accounting firm liable for a client’s underpayment of employees
A recent decision of the Federal Circuit Court found that an accounting firm was liable for their client’s underpayment of employees, and the accounting firm now faces fines of up to $54,000 per contravention. The firm provided accounting and payroll services to their client, and whilst they had no authority to alter the data provided to them, they maintained spreadsheets detailing the actual rates paid compared to the correct award rates.