There’s a lot more to human resources than just handling personal functions such as hiring and firing. HR is also responsible for managing talent and supervising the entire lifecycle of employees. Therefore, to ensure that your business flourishes, a successful talent management strategy is key to helping your employees reach their full potential within the workplace. After all, a firm’s most valuable resource is their people, so, the role of talent management should be considered an essential part of your organisation’s strategy.
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With rising electricity costs and a significant decrease in the cost of solar systems, solar power has become an extremely cost-effective energy alternative for many businesses. Whatever industry you’re in, solar power could potentially lower your energy costs and give you a competitive advantage, by showing your commitment to supporting sustainable energy practices.
Contrary to popular belief, workplace diversity is not a ‘modern trend’. For centuries, tradesmen have known that establishing contacts with strangers and employing people from different countries would contribute to their business. The model has survived until this very day because it is more than successful. Nowadays, the term “workplace diversity” has a much broader semantic scope as it includes people of other political views, religions, age, gender, experience, and other factors not directly related to work.
Scott McGohan, CEO at McGohan Brabender, claims that the lack of communication is every company’s major challenge. Effective workplace interaction is possible as long as productive staff members are in their proper places. Besides, small organisations usually feature unstable internal structure (at the beginning of growth), lack of cash and resources.
Office relocations should be an exciting time for all business owners. You’re moving into a shiny new building, with new views and new facilities. In order to make sure your team is hitting the ground running, your IT infrastructure needs to be flawlessly installed first and foremost.
Anyone who is looking to bring extra attention to their website in this day and age has to work hard to promote it especially if you are a business owner.
It is crucial for a small business that your customers know clearly what they are purchasing and what your terms of business are. This is particularly pertinent for online businesses.
Burnout is not something you want to experience, and this article examines how you can avoid it. The first step in dealing with this issue is spotting the causes and signs of stress and impending burnout.
We are spoilt by choice. The truth is, we probably don’t need seven different coffee brands to pick from, especially when they have at least three different products each. However, if we think we have it tough, think about the coffee companies.
Disgruntled creditors get desperate, and when all approaches to recover a debt have failed, they may send a winding-up petition to the beleaguered company as a last resort to get paid. It’s an extremely serious move and not one that should be taken lightly as it’s typically preceded by a statutory demand. In the UK, HMRC is the most common business creditor and is normally aggressive in its pursuit of tax liabilities. The majority (60%) of all winding up petitions are served by HMRC.
Readers question: We have a small Limited Company with a gross turnover of £20,000. We have paid 20% tax on this figure (cis) leaving £16,000 after tax. We have one employee who has earned £12,000 gross. Are we entitled to a rebate and will there be corporation tax to pay?
When it comes to Health and Safety, for both ethical and legal reasons, there is really only one reasonable direction of travel and that is forwards, to better standards and better enforcement of those standards.
If you are thinking about getting private healthcare insurance for yourself and your family, you can pay for it in two ways. You can either pay for your private healthcare insurance through your limited company or do it from your personal accounts. Depending on various factors, the tax efficiency of both methods will vary. Therefore, it’s always a good idea to get an opinion of an accountant to help you find the best option.
[continue reading…]When you start a business, there is so much work that has to be accomplished. Every little detail matters to help make your business as successful and competitive as it should be. One of the crucial details in which you should exert your A-game has to do with your business trademark. In general, your trademark is like your brand name, whether it’s a word, a logo, a slogan or a combination of all these. This trademark is used to distinguish, identify, and set apart your company from others.
25% of all registered businesses in the UK are rural and they employ 13% of the working population. The rural economy contributes 40% of the UK’s Gross Value Added (GVA) – over £400 billion. However, a key issue faced by businesses in rural areas is that poor telecoms coverage is still holding them back (particularly high-speed internet connectivity and 4G coverage).
More often than not, the idea of starting a business seems way too complex and frightening. Most believe they wouldn’t be able to handle the challenges or have no idea what awaits them. And so, they decide not to pursue an idea or a dream and quit before they even start.
With Brexit and the uncertainty at No. 10, it’s becoming increasingly hard to predict what upcoming legislation will be enforced and when – leaving businesses, landlords and the self-employed all striving for clarity.
Employees are the backbone of working institutions. It is therefore important to maintain a good relationship with them. As humans, we want appreciation and to be recognised for our achievements. Lack of this can demoralise us from putting in the effort. We advise employers to drop their ego and create a good relationship with their employees by showing their appreciation.
Have you always dreamt of being your own boss or being responsible for your own income, but never quite been sure how to do it? Maybe you feel like you need some extra support in the structuring of a business or think that you would miss a peer support network that being employed gives you. If this sounds like you then maybe franchising is for you.
If you are classed as self-employed or have a source of untaxed income, you will be required to complete a Self-Assessment. However, this criteria is vague and many are left confused as to whether they actually need to file the tax return or not.
