Beyond employees’ pay there are hidden costs to employing people. The cost of annual leave is one of these. How much does annual leave cost your business? The obvious cost of employing workers at any business is their wages, along with the payroll taxes they generate, for each employee, though, there are other expenses. One […]
Big data is king, we have all heard of how gathering and analysing information is transforming the modern business world. By seeing patterns, you can make predictions and manage your resources, saving time and money. Seeing trends early can also let you spot and deal with difficulties before they become problems. When it comes to […]
Shift working can through a spanner into the works of managing holiday and absence at your company. Calculations of hours to be paid as holiday pay, or remaining allowance, may be simple enough for a fixed working pattern, but when hours may vary week-to-week, averaging over a longer period, they become more complex. Shift patterns […]
Zero hours contracts have been around for many years, and have been a source of controversy for just as long. What are they, what are the controversies, and how are they changing? What Are They? Zero hours contracts are based on flexibility. They establish a contract of employment between the company and the worker, guaranteeing […]
Running a business generates a lot of paperwork. Just on the human resources side almost every action creates a paper trail. Even for a small company, the space taken by these records soon grows vast, so could digital storage be the answer? The Never-ending Paperwork Mountain Paperwork starts to build up even before you give […]
Most people think of annual leave as a simple thing: book it, take it, done. For managers though it can be a minefield. Staffing levels and core tasks need to be balanced against the needs and rights of individual employees. Very quickly the rules your organisation needs to manage annual leave can become complicated. So […]
April 2019 saw the introduction in the UK of Making Tax Digital (MTD), a new regime for business taxes. Under the new arrangements, certain types of corporate tax will need to be filed electronically every quarter, with records kept using software that meets the taxman’s standards. The introduction of MTD has been much delayed and […]
Holiday entitlement at most firms is set on a yearly basis. In any given year each employee has a fixed number of paid days off, based on a legal entitlement, and any contractual rights to extra days. The annual nature of leave means that once a year holiday entitlement resets, with untaken leave usually lost […]
Most organisations these days pride themselves on being “agile”, responding to customer needs as and when they arise. Flexibility is now seen as a core business principle. It’s not just with your clients that flexibility pays off though, your employees need it too. In one study, 96% of employees reported wanting more flexibility in the […]
Running a small business isn’t always easy. As your firm grows, so do the administrative burdens. Increases in paperwork start to take you away from your core business, and complex administration starts to demand either more time or money spent on advisors. For many business owners one of these admin tasks that grows out of […]