How does Debtor Finance work and what are the costs?

Debtor finance One of the most stressful aspects of running a contracting business is ensuring your working capital requirements are adequate and your cash-flow is under control. This can be a consequence of having to make payments to contractors on a weekly basis but having your debtors on 30 plus day terms. As contracting businesses grow, it is common for owners to take out debtor finance in order to manage their weekly working capital requirements. Generally, it involves the provision of finance from a banking institution that is secured by the debtor book. How it works Invoices that have been sent to debtors are also sent to the bank; Subject to certain restrictions, the bank will imme

8 must haves for Corporate Travel Insurance

With spring well and truly in the air and with thoughts of holidays filling our minds, it is worth taking a moment to consider what protection you have in place if your holiday doesn’t quite go to plan. Recently, I took my young family to Europe and Thailand and after 20 days of relatively trouble and stress free times (bearing in mind my children are three-year-old twins!), an hour before we were due to fly home my son took a tumble and split open his lip. After the initial shock we knew he needed medical help and we rushed him to the local clinic for stitching up. One quick phone call to our Corporate Travel Emergency Assistance hotline confirmed that all his medical costs, any additional

Time to roll up your sleeves and get involved in Councils

This year's RCSA (Australia) Recruiter of the Year Award recipient, Erin Devlin MRCSA shares her experience on RCSA council groups. I joined the RCSA Council group back in 2011. The reason I joined was so that I could contribute back to the industry, have an influence on key issues that affect our industry, and learn from industry peers. I have really enjoyed having the opportunity to influence outcomes for key issues that affect our industry. It's also great to have that increased knowledge and expertise due to information communicated from RCSA, and between my industry peers from our regular council meetings. I believe in being proactive and having an influence. Getting involved in council

Election jitters cool the Kiwi job market

The general election has cooled the New Zealand employment market according to analysis of over 71,000 vacancies advertised on Trade Me Jobs between July and September. Head of Trade Me Jobs Jeremy Wade said the strong double-digit growth in new listings reported over the previous 12 months eased last quarter, and was only up a modest 4.8 per cent year-on-year, and well down on the high of 16 per cent growth in the December 2016 quarter. “Over the past three months, we’ve seen Kiwi employers put their foot on the brakes as election apprehension has rippled throughout the country. Traditionally during an election we see some effect on the employment market, however greater uncertainty around

How you can be hit with Industrial Manslaughter charges

On hire recruitment agencies in Queensland are at risk of facing industrial manslaughter offences under the proposed Work Health and Safety and Other Legislation Amendment Bill 2017. An inquiry following the tragic incident at Dreamworld in QLD last year, where four visitors lost their lives due to an accident on a theme park ride, and Eagle Farm where two construction workers were killed by a falling concrete slab, found that the consequences were not high enough for breaches of Work Health and Safety. Flowers at Dreamworld in QLD - news.com.au The Work Health and Safety and Other Legislation Amendment Bill 2017 was introduced to Parliament on 22nd August 2017. The Bill proposes to introduc

A culture of health and safety at OneStaff gains recognition

We sat down to chat with Jon Ives, Group General Manager at One Staff, an on hire recruitment agency in New Zealand, about their recent recognition as finalists in the 2017 Site Safe Construction Health and Safety Awards. What does it mean to be a finalist in the Site Safe Construction Health and Safety Awards? OneStaff has made a massive commitment in the culture across our community to raise the profile of health and safety from a box tick requirement through to an integral and personally valued part of “how we do things around here”. Through open and honest discussion with all stakeholders (candidates, clients, suppliers, competitors, external agencies, internal staff, and shareholders) w

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