This webinar is designed to equip you with essential strategies for effective tax planning tailored specifically for contractors. We will discuss how to maximize your deductions and minimize your tax liability, ensuring you keep more of your hard-earned income. Additionally, we’ll provide practical advice on avoiding unexpected tax bills and navigating the complexities of tax season with confidence. Looking ahead, we’ll explore proactive tax planning techniques to prepare for the upcoming year.
There’s a lot of noise out there about AI changing jobs – but we’re more interested in what’s actually happening for people like you, who are working on the front lines of industry change.
We’re running a short survey to understand how contractors and professionals are experiencing (or not experiencing) shifts in work, roles, and required skills as AI and automation become more common.
By taking part you’ll:
✔ Help us bust the hype and understand what’s really going on
✔ Receive early access to our AI & Workforce Trends Report
✔ Go in the draw to win a prize valued at $500, as either a Visa gift card or as a charitable donation to a cause you’re passionate about.
Please note: as a lot of our questions relate to a role or workplace, please answer according to your most recent role.
Thank you for lending your perspective, it helps us keep our advice real, relevant, and grounded in what people are actually experiencing.
At Talent, we understand that tax season can feel overwhelming – especially for contractors. That’s why we’re sharing an informative video from the Australian Taxation Office (ATO) that explains how to include labour hire payments for personal services income when using myTax.
Check it out here:
We encourage you to watch the video here for a step-by-step guide tailored to your situation. Understanding these processes will help you navigate myTax with confidence.
Our experts covered their market predictions, top salaries and skills, and answered your questions for regions across Australia and New Zealand in an exclusive webinar for our ENGAGE members.
If you missed the webinar, or would like a refresher, you can watch it HERE.
In this informative session, we will explore essential financial concepts crucial for your success. We’ll begin with Budgeting 101, providing practical insights on where to start and how to create an effective budget tailored to your needs. Next, we’ll emphasize the importance of conducting a comprehensive expense audit to identify savings opportunities. You’ll also learn valuable techniques for managing your cash flow effectively, along with strategic advice on where to save, spend, and invest wisely.
Join us to gain the tools and knowledge necessary to enhance your financial management and drive your business forward.
If you missed the webinar, or would like a refresher, you can watch it HERE.
Everything you need to know about how a novated lease works, including bundling your costs for easier money management.
Our partners at Flare walked us through the Novated lease process on Wednesday the 18th of September, 2024.
If you missed the webinar, or would like a refresher, you can watch it HERE.
Have you ever considered how long you spend seated during your 9-5 working day? Chances are, it’s the majority of your time in the office. So, when the 3 o’clock slump rolls around, you’re probably truly feeling it. With the proven benefits of exercise being increased productivity and improved mental wellbeing, why isn’t fitness in the workplace more commonplace? Let’s explore what you can do to stay fit at work:
Join a group activity in your workplace or get one going yourself and turn it into a social event. Maybe it’s a morning run club or maybe a meditation session – not only will this strengthen your social ties with others in the office, but it will also drive a culture of wellness and fitness. Team activities, like boxing or indoor soccer, are also great ways to let off some steam and relieve workplace stress. Plus, the added motivation of a group setting will give you and your peers the push to achieve your fitness goals.
Sitting down for hours on end in back-to-back meetings can be tiring and mind-numbing. So, why not change it up a bit? Take the meetings to the outdoors! A walk in the fresh air will not only make for a more relaxed setting, but will also help you maintain a clearer mind, helping you make better decisions. These unconventional meeting styles can help you to keep on point as well. Being more alert and focused during your 9am meeting never went astray. Plus, the fitness benefits can’t be overlooked. Smash out your work goals while smashing out that workout – it’s a win-win!
Who doesn’t love a little competition? Fitness challenges and comps are a great way to bring a little joy to a workout – which is never a bad thing! Forming a workplace futsal team that plays competitively, or signing up for a fun run are great ideas. With the support of an entire office behind you, what more motivation do you need?
Take the lead and get creative! Maybe it involves getting a few colleagues together to go for a walk during lunch, or signing up for an exercise class together. You just need to start somewhere. Momentum will build up, and soon the whole office will be on board.
As a contractor, you are constantly on the move. In amongst deadlines and projects, looking after your mental health can often take a back seat.
Here are some tips that can help you manage the challenges associated with contract work and put your health and wellbeing first.
While contract work comes with great flexibility and an exciting pace of change, the irregularity of the work can also be source of stress. Particularly, when you’ve got financial and family obligations to look after. It’s difficult to achieve a balance, give each contract your very best and prepare at any time to start looking for new opportunities.
Here are some tips to help manage this:
Although being a contractor gives you more flexibility and control over your hours, leaving work ‘on time’ isn’t always possible. Busy periods, tight deadlines or team expectations can lead you to feel the need to go beyond standard hours. This can start to impact your health and throw any concept of work-life balance out the window.
How do you stay afloat when you feel like you’re drowning in work?
The question of taking leave is a common struggle when it comes to short-term work, as many contractors feel as though they are not in a position to ask for a break. Plus, if you’re paid by the hour, it’s difficult to make the decision to take unpaid leave.
According to Beyond Blue, one in five Australians (21%) have taken time off work in the past 12 months because they felt stressed, anxious, depressed or mentally unhealthy.
Taking regular breaks is essential for your mental wellbeing. Here are some tips for managing time away from your screen:
As a contractor, it’s natural to want to go above-and-beyond your employer’s expectations, particularly if you are hoping to pick up additional work within the organisation.
It’s not always easy to say no, especially when you are relatively new to a company and there are big expectations for what you can deliver. However, you have a right to set work limits when the demand exceeds your capacity for what you can take on and deliver. But how can you do this without limiting your opportunities?
Most companies now have contractors as a major part of their overall workforce, and this trend will only continue to increase. It is currently estimated that 30% of Australian employees are contingent workers. Even though contracting is becoming more common, there is still a huge gap between the benefits offered to contract and permanent workers. Whether it be social activities, wellness programs, skills development schemes or general support, it can often feel like you’re missing out as a contract employee.
How can you gain access to support and development schemes?
It’s interview time. If you want to make a good first impression with an employer, you should always have questions ready to throw their way when the opportunity arises. A well-thought out question can be what separates you from the pack. So, what questions can you ask? Let’s explore:
Talent Melbourne’s Managing Director, Simon Yeung, suggests asking this question, as it highlights that you want to learn what you can do to be a great candidate. It demonstrates that you are willing to self-reflect and determine whether you have these qualities, and if not, that you are eager to bridge the gap. You are demonstrating drive and motivation to succeed. By learning what you can do to excel, you can take the steps to apply this and be the exact candidate they are seeking.
Remember, it’s not always about the experience or skills you have. Your attitude, motivation and passion can be equally, if not more, important in helping you land your dream role. So, make sure you communicate this in the interview room. Communicate your drive and eagerness to learn within the role in order to put your best foot forward.
Yeung suggests asking the interviewer this question as it will not only provide you with an insight into what the role will involve, but also allows you to communicate that you are someone that works well to the expectations placed upon them. It highlights that you will be a candidate who is eager to deliver on their goals and objectives, which is something every hiring manager wants to see. It also demonstrates to the interviewer that you are not only concerned with what you can get out of the role, but of what you can do to provide value to the company. Your value is what you really want to communicate.
Yeung recommends asking this question as it will provide you with an insight to the company’s culture and will allow you to determine whether it’s the right fit for you. If they enjoy a certain aspect, say, the company’s flexible working arrangements or the friendly work relationships, then it can indicate whether you too will enjoy the role and fit in well at the company. At the end of the day, the company needs to be as much of a right fit for you as you for them.
You should exercise caution when asking this question though. You don’t want to come across as someone who is only interested in the perks they can get out of the role. Remember, you want to demonstrate your value and highlight how you can help the company achieve its goals.
You want to know whether this company is the right fit for you and you for them. That’s why determining what the culture is like from the outset is important. Yeung suggests asking this question as it highlights to the interviewer that you care about working in an environment that aligns with your values and attitudes. You can make a judgement from what the interviewer says, about whether this is a company that you will fit in well at, or whether you should be looking elsewhere. They can also make a judgement about you as to whether you will be the right fit for them. It’s a two-way street. Demonstrating that you have taken this into consideration will give you a step up in the interview process.
If you’re looking for your next exciting opportunity, check out our job search.
The time has come. You’ve decided to dip your toe into the job market and make your next move. In a competitive market, you want to stand out from other candidates and make a good impression. So, what steps can you take to achieve this and secure your ideal role? Let’s jump into it:
When applying for a job, you may first begin by looking to job boards for positions best suited to your qualifications and skills. It’s a great idea to scan company job boards to see who is recruiting and to assess the openings available. Alternatively, you can use the services of a recruitment agency like Talent, to help guide you through the entire application process, including locating tech roles that would be a perfect match for you.
It’s a great idea to sign up for job alerts, be it through job sites or platforms such as LinkedIn, to constantly stay in the loop about which companies are hiring in your industry and field. Job alerts will allow you to save time and effort in constantly sifting through hundreds of job listings online. You will instead be notified of the most relevant roles for you and can quickly jump on the opportunity to apply.
It’s not always about what you know, but who you know, so use your network wisely. It can be your greatest asset – you never know who could help you land your next dream job! Professionals within your network can alert you of job openings, refer you to others who could give you a step up in the application process, or afford you other opportunities which can lead you one step closer to securing your ideal role. Taking the steps now to build up your professional network will stand you in good stead when it gets to crunch time.
Now is the time to take the plunge and apply for that role you’ve spotted. According to Anthony Whyte, Talent Adelaide Managing Director, “When applying, your resume should be in reverse chronological order and highlight all your achievements and outcomes”. In other words, make sure your most recent employment roles are listed first so the hiring manager can easily see a history of your working life, with the most relevant roles located at the top. Your achievements should also be front and centre. You’ve earned them, so show them off! You want to demonstrate to the hiring manager that you are an ideal candidate for the role because of your past experience, achievements and skills. But remember, above all, keep it relevant – tailor your resume to the job description to ensure you have the greatest chance of scoring an interview.
Whyte suggests formulating a “short succinct cover letter tailored to the job and addressed to the appropriate person” when applying for a role. Keep it relevant and make sure it specifically addresses the job description. You want to demonstrate that you have the skills and characteristics that the position demands. As Whyte explains, it is also a good idea to determine who exactly the cover letter should be addressed to. It shows that you have done your research. Bonus points for locating their name and not just their title. It is a respectful move which demonstrates that you not only value the hiring manager and their time, but also value the position and want to make a good impression.
So, you’ve submitted an application. Now what? Whyte suggests following up by phone or email after this step. This will not only help you move to the forefront of the recruiter or hiring manager’s mind, but will also communicate a sense of ambition and eagerness – two qualities that anyone would want in a new recruit. It will show that you are keen to work, suggesting that you will be a strong performer in the role.
If you want to be a front-runner in the candidate pool, Whyte notes that it’s important you be accessible, “it sounds obvious, but if we were to call you, you need to pick up your phone”. Hiring managers want to know that you will be a reliable worker. Accessibility can be a strong indicator of this. Make a good impression during the application stage and you will be a shoe in for landing your dream role.
At Talent, we can help you through each stage of the job application process. From locating available positions, to placing you in the perfect role, we’ve got you covered every step of the way. Get in touch with us today to see what we can do for you or check out our jobs board.