A higher life expectancy and most individuals failure to make a provision for their retirement were a key driver that has lead to compulsory pension compliance in the UK.
Automatic Enrolment (AE) was initiated in October 2012. Any employer no matter what size their business is now legally obliged to offer their employees a pension scheme. All qualifying individuals between the ages of 22 and 65 can save for their retirement. … Continue Reading
As an owner of a small business, you tend to spend a great proportion of your time being involved in your business and its activities. You live and breath your business. It is everything to you.
Research has shown that UK’s small business owners work an additional 15 hours more a week in comparison to the national average. Working more hours does not equate to being more productive…. Continue Reading
The new year is awash with resolutions and a sense that now is the time to take action. For many this can be a case of getting back into shape or giving up a bad habit, but why not take it a step further and fulfil your dream of being your own boss.
While it’s perfectly normal to fear giving up the security of having a salary, there are plenty of reasons why more and more people are taking the plunge and becoming self-employed…. Continue Reading
Nearly everyone has worked in a position that they were not completely satisfied with at some point or another. It may have been the first job they were able to get at the time or one that would help them get a better position in the future. Regardless of the reason, working a job that you dislike is often difficult and depressing.
When the employees are not as productive, it costs the business more money. It has caused business owners to wonder what they can do to change things around a bit for everyone, especially the employees who are unhappy. We hope this blog will help business owners with employee motivation issues…. Continue Reading
Good people managementAs a business, your most important and valuable asset is the people that you employ. It is important that you manage to get the best performance out of each individual and ensure to create a working environment your staff will no only enjoy working in, but that helps them to develop and flourish too…. Continue Reading
The internet has revolutionised our lives. Unfortunately, the world wide web has had the same effect on crime as fraudsters have caught on to the power of cyberspace. If you have an email account, you will have likely received phishing emails at some point, even within the last week. Phishing refers to being sent a fraudulent email designed to fool the recipient into thinking it’s from a legitimate organisation. The email will use threats or promises to encourage the recipient to click on a link to what seems to be a genuine website and provide their bank details or other personal data. The waiting criminals either use this information to commit fraud or sell the data on to other criminals…. Continue Reading
Diversity in the workplace has long been seen as a myth the further up the management chain you go. In recent years, more and more women are moving further up the economic chain, which is making for a new wave of businesses, the majority being women-led companies, sometimes founded out of frustration that their skills were not being utilised in the best way…. Continue Reading
The British. While we may be known for having a stiff upper lip, or for being slightly eccentric, it seems we’re also getting a name for ourselves as a lazy nation – and this could be affecting business significantly.
Laziness in our personal life – from driving when we could walk or cycle, to putting off shopping around for cheaper insurance or ‘not being bothered’ to take unwanted clothes back for a refund is estimated to cost the average Brit £17,000 over the course of their lifetime. Moreover, at seems that we are liable to continue being lazy when we are at work…. Continue Reading
Keeping your costs down as you start a business is vital to the success. The additional pressure of having to pay off debt is avoided, and as long as you have what you need to operate effectively, reigning in your spending gets you off to a good start.
Controlling initial costs
With the cost of renting premises being so high, working from home provides one of the biggest cost savings when launching a business. Here are some other ways to save money: … Continue Reading
When it comes to handling the payroll, you have the choice of outsourcing this function or handling everything in-house within your business.
Over the recent years technology has made payroll processing function far simpler. The following may help you decided how you would like to handle your payroll function. … Continue Reading
