Thrown in at the deep end of HR

first_imgThrown in at the deep end of HROn 18 Sep 2001 in Personnel Today Related posts:No related photos. Comments are closed. Followinga restructuring in January 2000 I was given responsibility for the HR functionfor our new office of 50 staff.  I havenot had a huge amount of support from my manager  so I have generally had to “make things up as I goalong” and rely on occasional seminars. The company has agreed to sponsorme for a University Diploma leading to CIPD graduate membership, but I’m notsure I want to stay here. Having no reference point, I have no idea how good Iam at what I am doing or what sort of job title I should be looking for. Whatshould I do next?JoSelby, associate director, EJ Human Resources, writes:Decidingwhat you want to achieve in your career in both the long term and the shortterm is critical to this decision, and will help you determine your next move.Talking through your goals and experience to date with a recruitmentconsultant, and discussing the various options available to you will enable youto decide on the best route for you.Istrongly advise you to not be overly concerned about job titles. They varygreatly from organisation to organisation and I suggest you focus on thecontent of potential roles and what the companies have to offer rather than thejob title.MargaretMalpas, joint managing director, Malpas Flexible Learning, writes:Youare in a situation I have encountered several times before. My strong advice toyou is to embark on the CIPD Graduate Programme. This will enhance yourprofessional knowledge and give you the benchmark for your skills in comparisonwith others, that you are looking for.Youknow the saying “a little knowledge can be a dangerous thing”. Well,that could easily apply here in relation to any legal work you may have beencalled upon to do. The courses you have done could not prepare you to navigatethe contractual minefield of staff handbooks and contracts. I think you wouldfeel mortified if one of these blew up on you and your company could also be”vicariously liable” for giving you this responsibility without thetraining.Interms of doing the programme and funding, I think it depends what you agreecontractually with your Company over sponsorship. Many companies only pay partof the fees and the rest on successful completion. Others feel, quite rightly,that there is an immediate return on the investment in terms of increasedknowledge and skill. So negotiate a deal which you are comfortable with knowingyou might move on. You could then comfortably apply for personnel manager jobsknowing that you have the skill and your own worth.LindaAitken, consultant, Chiumento, writes:Thefirst thing to do in this situation is to get your CV up to date – make surethat it focuses on the HR experience that you have had, placing emphasis on thepractical rather than the theoretical and that it covers all your achievements.It may be that your next step is to work as a number two to an experienced HRManager who will be able to develop you through coaching and mentoring andinvolving you in stretching projects. This may mean taking a role at HR officerlevel – remember titles aren’t everything! Some strategies may includeenrolling on a CIPD course, networking with others in the profession orvolunteering to provide input into project work. Previous Article Next Articlelast_img read more

Labor’s proposed changes to negative gearing and capital gains tax could deter Townsville investors leaving renters to foot the bill

first_img Are these Queensland’s most ‘Aussie’ homes? Labor says the changes will boost housing supply and jobs, but according to REIQ Townsville Zone Chairman Wayne Nicholson, no good will come from the policies, and instead they will create a supply and demand issue in Townsville’s property market.“We haven’t seen investors in Townsville’s residential real estate for almost eight years and that’s largely because the vacancy rate was through the roof … Then of course the floods hit, and the vacancy rate in Townsville now is around 1.5 per cent,” Mr Nicholson said.“So, just when we thought the investor might get interested again, we have these potential changes to negative gearing and the capital gains tax … We need investors buying residential property for people to rent, and they’re not going to do that if there’s a 50 per cent increase in capital gains tax, and a change to negative gearing.” Property prices are rising in these Townsville suburbs REIQ Townsville Zone Chairman Wayne Nicholson, and local investor Dave Lamari, have voiced their concerns about Labor’s negative gearing and capital gains tax policies. Picture: Shae Beplate.WITH the federal election on the horizon, the attention of property investors across the country has turned to Labor’s proposed changes to negative gearing and capital gains tax.The Labor Party has outlined its plan to limit negative gearing to new housing only from 1 January 2020, meaning investors will no longer be able to claim losses that arise from property investments to reduce their taxable income, unless it is an investment made prior to that date or a new dwelling.The opposition also plan to halve the capital gains tax deduction from 50 per cent to 25 per cent for all assets purchased after the same date. READ MORE: Flood victims back on their feet post-disaster REIQ Townsville Zone Chairman Wayne Nicholson, and local investor Dave Lamari, have voiced their concerns about Labor’s negative gearing and capital gains tax policies. Picture: Shae Beplate.“I’m an existing investor so any negative gearing benefits that I have within my property, I can continue to use, however when you change the rules so that existing property is not as appealing to an investor, it essentially changes the market of the existing buyers for my home,” Mr Lamari said. “The Labor Party do point out in their proposal that if you want to be an investor you still can because you can buy a new home … But the problem I have with that is it will essentially mean that the only place it will be viable to buy a home is in a new development, and that will create rental slums, where basically investment groups buy in one area and it’s all rentals.” “No astute investor should buy a property that’s surrounded by other rentals — that’s bad investing.” READ MORE IN REAL ESTATE NEWS Townsville houses damaged during the floods. Picture: Zak SimmondsA survey by the Property Council of Australia, revealed that the 33 per cent of potential investors said they would “probably or definitely” buy a newly-built investment property in the next five years under the existing tax arrangements. This number drops to 24 per cent under Labor’s proposed changes.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“If you accept that real estate thrives on the supply and demand factor and nobody’s putting new rental properties in the pool — then it stands to reason, the rental prices are going to go through the roof and it will be the tenant who is paying for that policy.” Labor member for Herbert, Cathy O’Toole said the changes aren’t to help investors but are intended to help drive home ownership, particularly for new home buyers.“Labor’s changes will help first home buyers in Townsville get into the market and help the budget bottom line; this will mean that we can put more money into nation-building investments like schools, hospitals and infrastructure projects,” Ms O’Toole said.“This is about driving higher home ownership by levelling the playing field.”“First home buyers should have a fair go at buying a house, they should not have to compete with investors who are being subsidised to buy their sixth or seventh property.”The opposition has included grandfathering in both its policies meaning that all investments made prior to 1 January 2020 will not be affected by the changes to negative gearing or the capital gains tax. “If you already use negative gearing, nothing changes. It’s not retrospective. People can still use negative gearing for the purchase of new houses,” Ms O’Toole said.Townsville Investor and Principal at Huggable Home Loans Dave Lamari said Labor’s changes to negative gearing and capital gains tax will have an impact on his existing property, and he believes it will deter future investors — including himself.last_img read more