Business Daily Media

Men's Weekly

.

3 Key Business Investments That are Shaping the Modern Workplace



The modern workplace continues to evolve as organizations adapt to new expectations around collaboration, technology, and risk management. For financial planners and business leaders, understanding where companies are directing their resources offers insight into how they are preparing for long-term stability and growth. Today’s most impactful investments go beyond traditional overhead, focusing instead on culture, expertise, and efficiency. Below are three key business investments shaping the modern workplace and influencing financial planning decisions.

Investing in In-Person Collaboration and Corporate Events

Although remote and hybrid work models remain common, many organizations are reaffirming the value of in-person interaction. Companies are investing in corporate events, team retreats, and collaborative office spaces to strengthen culture, improve communication, and encourage innovation. These initiatives are increasingly viewed as strategic investments rather than optional perks.

This shift is supported by industry research. According to Cvent, nearly 70% of corporate events expected to take place in North America in 2025 were planned to be held in person, reflecting strong confidence in the benefits of face-to-face engagement. For financial planners, this trend emphasizes the need to allocate funds not only for travel and venues, but also for long-term collaboration infrastructure.

Careful planning is essential to maximize return on these investments. Businesses that focus on fewer, more intentional events—and that negotiate vendor contracts or track engagement outcomes—can better control costs while reinforcing employee connection and productivity. When approached strategically, in-person collaboration can support retention, alignment, and overall performance.

Strengthening Decision-Making Through Advisory Services

Another investment gaining traction is the use of professional advisory services. As legal requirements, employment practices, and commercial agreements become more complex, businesses are increasingly turning to outside experts for guidance. These services help organizations make informed decisions and reduce financial and operational risk.

According to INCPAS, advisory services commonly support companies in three ways: reviewing contracts, assisting with commercial contract negotiations, and evaluating employment offers. Each of these functions plays a critical role in protecting a business’s interests and preventing costly missteps. From a financial planning standpoint, advisory fees are often justified by the long-term savings they generate through improved agreements and reduced exposure to disputes.

For growing organizations, advisory services also contribute to scalability. Well-structured contracts and compliant employment practices create a stronger foundation for expansion and investment. Rather than viewing advisory support as a recurring expense, many financial planners consider it a proactive investment in stability, risk reduction, and sustainable growth.

Leveraging Automation to Improve HR Accuracy and Efficiency

Technology continues to reshape the workplace, particularly within human resources. HR teams are responsible for managing payroll, benefits, compliance, and recruitment—areas where errors can be both expensive and damaging. As a result, automation has become a key area of investment.

HR automation tools streamline repetitive tasks, improve data accuracy, and provide better insights for workforce planning. This shift is widely supported by industry professionals. Forbes reports that 94% of HR professionals agree automation helps reduce mistakes, highlighting strong confidence in its ability to improve accuracy and consistency.

From a financial perspective, automation can deliver meaningful long-term savings. While implementation costs may be high upfront, automated systems often reduce administrative labor, minimize compliance risks, and improve reporting capabilities. Over time, these efficiencies can lead to lower operating costs and better-informed staffing decisions, making HR automation a valuable component of modern financial planning.

Modern businesses are increasingly shaped by strategic investments that support people, processes, and performance. In-person collaboration initiatives strengthen culture and communication, advisory services provide critical expertise and risk management, and HR automation enhances accuracy and efficiency. For financial planners, recognizing the value of these investments is essential to building budgets and strategies aligned with today’s business realities. When treated as long-term priorities rather than short-term costs, these investments can help organizations remain competitive, resilient, and financially sound.

Trending

Refunds to Revenue: AI and loyalty perks help retailers in post-holiday hangover

Australian retailers are turning to artificial intelligence to simplify and automate returns and exchanges, while strengthening loyalty programs and redemptions to maintain cashflow as c...

Business Daily Media - avatar Business Daily Media

Stop reading from the script: Why authenticity is the customer success secret weapon

I’ve been in customer service for years now. As my team has grown, the number one piece of advice I give is to be your damn self. I know it sounds simple, ...

Jimmy Hyde - avatar Jimmy Hyde

From Check-in to Touchdown: How AI and smarter systems are transforming the travel industry

Richard Valente, VP of Customer Experience Strategy at TP in Australia, explores how IT-BPM outsourcing is revolutionising the travel sector through AI-led and data-driven hyper-personal...

Business Daily Media - avatar Business Daily Media

Online Christmas shoppers fund climate and biodiversity projects via HealthPost's Click Sphere for Good initiative

Online shoppers with HealthPost’s Flora & Fauna have made 11,000 contributions towards climate and biodiversity projects when ordering parcel deliveries in the lead up to Christmas. ...

Business Daily Media - avatar Business Daily Media

US landmark settlement protects SMEs, highlighting flaws in the RBA's proposed blanket card surcharging ban for Australia

Aussie SMEs warn RBA not to ignore global trends, with the current sledgehammer approach threatening business viability and increasing inflation Australian small and medium enterprises ...

Business Daily Media - avatar Business Daily Media

Thryv Australia named Employer of Choice for third consecutive year at Australian Business Awards

Thryv® (NASDAQ: THRY), Australia’s provider of the leading small business marketing and sales software platform, has been awarded the Employer of Choice title at the Australian Business ...

Business Daily Media - avatar Business Daily Media

RogersDigital.com Announces the Launch of TheBulletin.au, a Destination for Business, Policy and Financial Insight

RogersDigital.com has announced the launch of TheBulletin.au, a new national digital publication designed to deliver sharp, data-driven reporting on Australian business, economics, polic...

Business Daily Media - avatar Business Daily Media

Controlling business spend is helping finance leaders to forecast with confidence

Forecasting has always been central to financial planning; however, traditional methods based on historical trends are no longer enough. Economic signals have become fragmented as inflat...

Fabian Calle, managing director, small and medium business, SAP Concur Australia - avatar Fabian Calle, managing director, small and medium business, SAP Concur Australia