Strategies and advice for businesses to stay in control through COVID-19 and get ahead of the pack

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COVID-19 Business Continuity – 16th July

I’m here with the COVID-19 continuity update for Australian businesses on Thursday 16th July.

There has been a lot of rumours over the past couple of days about stage 4 restrictions in Melbourne and what that might look like.

Rumours of an Impending Lockdown in Melbourne

We saw similar wild rumours back in March, much of which didn’t transpire at the time. I believe our best option is to seek out advice from the people who are making the decisions.

Daniel Andrews on Stage 4 Restrictions

Daniel Andrews said in his press conference earlier today, “I know there’s been a lot of discussion, a lot written and said about a possible Stage 4. There are no announcements to be made about that today. But that shouldn’t be read to mean there will be announcements made tomorrow. We plan for every single contingency.”

I believe we can trust that Victorians will get as much notice as possible for any further restrictions. We aren’t likely to wake up one morning to find out we’ve been shut out of our businesses from that day forward.

Scott Morrison on a National Lockdown

Scott Morrison was interviewed on radio yesterday and in response to the suggestion that a lockdown could eliminate the virus said, “You don’t just shut the whole country down because that is unsustainable. I’ve heard that argument, you’d be doubling unemployment and potentially even worse. The cure would be worse than what arguable wouldn’t be delivered [elimination of the virus] anyway.”

Nick Coatsworth on Eliminating COVID-19 in Australia

Some are saying that a New Zealand style lockdown could eliminate the virus in Australia. Dr Nick Coatsworth, the Deputy Chief Medical Officer, says that the calls for Australia to pursue an elimination strategy are unrealistic. The World Health Organisation has recently confirmed its view that elimination and eradication are unrealistic goals. A true elimination is only a realistic strategy when you have a vaccine. Even with our  Australian borders closed we still have freight arriving into Australia, transported from countries with high levels of COVID-19 infection.

 

Helen Clark and Dr Anthony Fauci on the Time Frame for a Vaccine

Former New Zealand Prime Minister Helen Clark, who is now leading the global inquiry into the health crisis, says that it could likely be two and a half years until a COVID vaccine is available. On the other hand Dr Anthony Fauci, the leading US expert on infectious diseases has recently reported a vaccine will be ready by the end of the year. I believe it is best we plan for the two and half years so we’re pleasantly surprised if a vaccine arrives sooner.

This is going to be around for a while. We do need to be prepared personally and in our businesses for some measures like social distancing to be around for the next couple of years.

Apprentice Wage Subsidy Extended and Expanded – $7,000 per Eligible Apprentice per Quarter

The Morrison Government has announced today that there will be a $2bn investment into retraining and upskilling Australians. Importantly for some Tenfold clients this includes $1.5bn to expand the wage incentive to help keep apprentices in work. It builds on the initial package announced in March that was due to expire on the 30th September. The initiative covers 50% of wages paid to apprentices and trainees for up to $7,000 per quarter. This applies to businesses with less than 200 employees and apprentices employed on 1 July 2020. See: https://www.pm.gov.au/media/jobtrainer-skills-package-economic-recovery-and-growth

As always if you have any questions or concerns please reach out to your business coach. We are here to support you.

Ash

Ashley Thomson B.Eng(Hons), Grad. Dip. Mgmt, MEI
Managing Director
Tenfold Business Coaching

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