The WA Telstra Business of the Year Awards have recognised the achievements of two Perth companies who are meeting the needs of FIFO workers and their families.
Nicole Ashby, award-winning entrepreneur and former FIFO wife and mother-of-three, founded FIFO Families Pty Ltd in 2010.
“To be a finalist in the 2015 WA Telstra Business of The Year is a huge acknowledgment of the important work we do at both a grass roots and corporate level,” Ms Ashby said.
“Supporting and educating FIFO workers and their families on how to navigate a successful FIFO life is our area of expertise and even though we are experiencing a down turn, our services are in more demand than ever from both resource companies and FIFO families alike.
“Companies now recognise the strong correlation between the well being of their FIFO employees, supported families and profit margins. Ensuring the well being of the FIFO workforce and their families is a win-win for everyone as it results in improved mental health and well being outcomes and improved profits for companies.”
A second company to be named as a finalist in the 2015 WA Telstra Business of The Year Awards, and also supporting FIFO workers and their families, is Acorn Life Path who provide customised planning, education and coaching to selected clients.
The service is targeted at helping each family to get the best results from their time working FIFO – in their finances, relationships and quality of life.
Founder and director Ruth Murdoch is thrilled to be recognised as a substantial organisation supporting FIFO and resource workers and their families.
“We have put a huge amount of effort into making a real result in people’s lives. The FIFO lifestyle can be really tough but with the right support, families can stick with it and see real positive results,” Mrs Murdoch said.
Both FIFO Families and Acorn Life Path have had an influence on the recent Parliamentary Inquiry on the impact of FIFO work practices on mental health.
After being asked to present to the Parliamentary Inquiry earlier this year relating to FIFO Mental Health, Mrs Murdoch was pleased that her recommendations were recognised by the Committee. The report acknowledged the importance of sound financial education for FIFO workers, particularly in the current volatile employment environment.
“There is a strong link between mental health and financial stress,” Mrs Murdoch said.
“The report recommended that companies with a FIFO workforce should be providing financial education to their staff to help them to manage their money more effectively”.
The WA Telstra Business Award winners will be announced in Perth tomorrow.