BUSINESS CNCT’s Post

Rigorous performance evaluation is necessary to enhance efficiency and accountability. Clear targets and strict accountability can optimise service delivery and resource management, boosting productivity and revenue generation. Austerity alone is insufficient. Transparency, accountability and governance reforms are also essential. These pillars strengthen public confidence, attract investments and sustain economic growth. https://lnkd.in/dwRMpRfT

From salary to dividends, understanding Directors’ pay is essential in making informed decisions for you and your business. - https://lnkd.in/eQKRgEns

Wondering how to navigate the finance talent landscape in 2024? Amidst the economic headwinds impacting the Scottish economy, the hiring horizon for finance professionals in 2024 is bright. Greg McDermott, Associate Director, West of Scotland shares key insights and recommendations for clients in the finance sector. You can read about his insights and more in our new Salary Guide 2024. Don't miss out! Download the guide today: https://lnkd.in/dXzVWK2i #SalarySurvey #RecruitmentTrends #IndustryInsights

Higher executive pay leads to riskier decisions, with equity vs. salary playing a key role. Explore how executive compensation impacts corporate risk-taking. Learn more in the latest research from the Corporate Governance Report publication - http://spr.ly/6043gr0WB

Step 1 - Work in a senior position in a government-protected oligopoly Step 2 - Appoint a board that is steeped in Canada's insular corporate culture Step 3 - Miss your targets, reduced your dividend growth, lay off a pile of people Step 4 - Collect your multi-million dollar bonus Where do I sign up?

We are delighted to have published the report from the fourth wave of our Understanding Business survey in collaboration with 56˚ North this morning. The quarterly survey of over 500 businesses in Scotland focuses on their outlook for the economy, prospects for their business and challenges they face. Key findings from this wave include: ◾ More than two in five (43%) respondents cite reduced taxation as crucial for boosting the growth of their business. ◾ Rising operational costs (42%) and economic uncertainty (38%) are identified as prominent obstacles to business growth. ◾ Businesses continue to face challenges in recruiting skilled staff, with wage demands (45%) and a lack of skilled applicants (61%) being reported as major hurdles for those who have been recruiting recently. ◾ The price of utilities and increasing workforce costs continue to be identified as the most prominent reasons for potential price rises. You can find the full report below 👇

Awarding executives bonuses for exceptional performance rather than routine business operations fosters a culture of accountability and promotes a fair compensation system. This approach, advocated by the Australian Council for Superannuation Investors, aligns with a merit-based system that encourages sustained excellence and ensures that bonuses are linked to tangible achievements. #myview #CEO #investorswanted #ACSI

BDO Canada's latest thoughts and practical considerations regarding this week's confirmed capital gains inclusion rate changes.

I just finished speaking today at The Australian Financial Review Business Summit 2024, and the focus of our panel was on how we can kickstart Australia’s languishing productivity and competitiveness. It’s the big national challenge we’re facing, and with our global competitiveness ranking dropping from 4th to 19th the alarm is getting louder.   I touched on a couple of things we need to get working on if we are to be more competitive and more productive. Most significantly, that includes creating a national reform fund, which we can use to incentivise states and territories to get on with some of the hard but necessary reforms we need—on things like payroll tax, wage definitions and planning timelines. It worked back in the 90s, when a $5bn investment in incentives to drive actions from the Hilmer report drove $60bn in benefits to the economy in today’s dollars. It can work again. My co-panellist, Danielle Wood, and the Productivity Commission she leads can play a major role in setting this agenda.   Harnessing greater productivity growth also requires a better streamlined education system, one which supports the jobs of the future, and we need quality careers advice and to incentivise lifelong learning. I also canvassed the need for more stability around Australia’s climate policy, with a depoliticised process that everyone can sign up to. Business needs certainty to invest for the transition.   Thanks to my co-panellists, Danielle Wood, Peter Burns and Sarah Hunter—and to John Kehoe, our host from the AFR.

Labour’s ambitious plans for sustainable finance aim to position the UK as a global leader in green initiatives. How can your business capitalise on opportunities in the green finance sector? Discover more in our insightful analysis. Learn more: https://lnkd.in/emUg_uNV #SustainableFinance #GreenFinance #ClimateAction #LabourGovernment #UKBusiness #bpesearch