The SME mental health breaking point

Workplace regulations seem to be snowballing, with new compliance requirements relating to employment, casual work arrangements and union access worsening matters. A recent Work Health and Safety survey, conducted by the Australian Chamber of Commerce and Industry, reveals that 34% of small business owners are battling mental health issues like anxiety and depression — far above the national average. The Chamber’s CEO, Andrew McKellar, says all of this, coupled with economic pressures such as rising costs, tight labor markets, and fragile supply chains, is becoming increasingly daunting. Andrew outlines the practical reforms that could alleviate these burdens and empower small business owners to thrive. Business Essentials Daily is produced by: SoundCartelsoundcartel.com.au+61 3 9882 8333See omnystudio.com/listener for privacy information.