The Crucial Story
The journey started simply by being involved with building various areas of small – medium sized organisations. This was through the delivery of automation in systems and processes through to management of teams and influencing strategic business direction. The underlying theme through all of this was the value and effort required by the individuals within the business to make it successful.
After moving into the corporate world I had a serious misconception that because they were big they must be doing things right! This was where the inevitability of starting a business became a needed reality. There were some benefits like the exposure to more diverse areas of risk which helped formulate the drivers behind people risk and what it all really means. Being involved with big blue sky thinkers in this new world of risk allowed me to understand the nuts and bolts of safety, workers’ compensation and health and well-being.
My business and finance background then allowed me to formulate what this all means to an organisation linking across various areas such engagement, absence, operations – the various essential areas of a business that don’t necessarily interact especially when it comes to risk. This silo approach leaves senior decision makers vulnerable and organisations with major risks that are poorly understood and inadequately managed.
- Do you understand the impact of absence on your business?
- Do you know the value of the productivity you lose because of unplanned absence?
- Are mitigating this risk through better management and training?
- Did you know you what your largest insurance spend is and how you can influence this?
- Does your safety team talk to your workers’ compensation manager?
- Does your procurement team talk to your safety team?
- Do you have the best financing options in place?
- Are you just ticking the box on employee benefits programs or do you understand their actual bottom line impact?
These are simple questions that a CFO, risk manager, managing director or senior manager should be able to answer. After dealing with some of Australia’s largest organisations across all industries I was surprised that in the majority of cases these are simply not even on the radar. Crucial Data & Analytics was set up to provide the analytics required to firstly answer these and many more people risk related questions but also to enable business to understand the link to productivity, profitability, and sustainability. If you can’t answer these questions then that’s why this business is here. Stephen Bell Founder and Director – Crucial Data & Analytics
