Business Matters | The UK's Leading SME Business Magazine
, the UKs largest business magazine for the entrepreneur, start-up and small and medium-enterprise (SME). Get Business news, advice & interviews. magazine, for the small and medium sized business owner provides company owners and directors with quality, practical advice coupled with inspirational profiles of highly successful business leaders and entrepreneurs.
Your company offers fair pay and a wide range of bonuses, yet you are somehow struggling to retain your top talent.
Fact is, 77 per cent of recent graduates stay at their first job for less than one year. Moreover, studies show that over 91% of employees leave their jobs for reasons other than the pay and the lack of perks – instead, defective communication, combined with minimal opportunities to grow are mostly at fault.
How to retain top talent in a highly competitive job market and which are the perks that currently appeal to the younger, highly skilled employees – let’s tackle the three top ways on how to make sure your staff stays put.
Promoting a culture of growth – both personal and professional – is one of the easiest ways to make sure you keep your employees motivated; motivated to work at their best and to stay with you long-term. Growth covers many aspects: from proactive strategies designed to expand your business, development and leadership programs to hiring more tem members and promoting from within, everything matters.
Making sure to keep your employees updated regarding the range of development programs available to them is imperative – and that pertains to both training and education programs. Creating a program for recent college grads, for example, will help both you, the company, and the skilled youth in the long run, regardless if you opt for short-term leadership-oriented programs or long-term fellowships.
Many reputable companies go beyond the development programs and offer partial or even complete tuition reimbursement – and that conveys a brand identity where education and growth are valued. Others tend to get more personal, by offering small scholarships to single parents who have children in college – and gestures like these are the very foundation of creating a strong relationship with your top talent.
Following the same line of thought, some companies decide to publicly support on-going education and offer opportunities not only to their employees, but also to the public. A good example comes from the pearl jewellery niche: LA-based company The Pearl Source, which offers yearly scholarships to students studying at American universities in an effort to support personal growth and to encourage future talent.
Open Doors and Flexibility
One of the key aspects when aiming to capture the hearts of your staff is to listen. Listening to their needs and preferences and taking clear measures in order to nurture them. For the younger generations, the old model of cubicles, complete with personnel policies simply does not lead to the best productivity. And where productivity is lacking, so is your talent’s interest and desire to stay. And this is precisely the reason why more and more companies are now are opting for open-door policies and flexible work environments.
The younger generations are much more interested in their surroundings than the previous generations of workers – and that means that they derive their energy from said surroundings, from the atmosphere of their place of work. In addition, less rules is definitely more when it comes to dress codes, as Millennials prefer flexibility in all areas – and that includes schedule, work environment and the possibility of not sporting suits all day, every day.
It’s All in the Details
The big perks count, yes – and you simply couldn’t do without offering your staff opportunities to grow or without allowing them to be at their productive best. But fact is, the little perks (and there are myriads of them) are just as essential. It’s all in the details – and a successful employer is thinking of everything. From offering quarterly bonuses (like media and cable giant Comcast) instead of the predictable end-of-year hand-outs to creative strategies such as paying for a skilled worker’s vacation once they reach 10 years with the company, the opportunities to show your staff how much they matter are endless.
Offering lucrative stocks as part of the compensation is a new direction many forward-thinking companies are currently implementing. Companies like UiPath, Aflac and Pegasystems all offer their top talent multi-fold compensation packages which include stocks.
When it comes to benefits, it’s less the quantity that matters and more the quality. As one of the key elements in keeping your emplyees happy, benefits are no longer just about your basic healthcare packages and paid sick leave – they are thoughtful and personaized. Some copanies get really inovative when it comes to benefits – and a good example of that is Procter & Gamble, which gives its staff the ability to buy additional vacation hours up to the six-week mark.
But if you’re not a major enterprise and can’t afford the luxuries a company like P & G can afford, the good news is that even the smallest things matter: and those include simple gestures such as celebrating birthdayss, middday breasks, gift cards and staff appreciation days.
China flashed more warning signals yesterday as industrial output growth unexpectedly slowed to a 17-year low, underlining a need for more economic stimulus.
Stocks came under pressure after official data drew the world’s second largest economy sharply into focus, triggering a flight to safety that pushed gold prices to a 14-month high.
The latest industrial output figures from China fell short of expectations, with growth dropping to 5 per cent in the year to last month, down from 5.4 per cent in April. Analysts had forecast a modest recovery for May, with a growth estimate of about 5.5 per cent.
The data, the weakest factory output reading since early 2002, taken alongside receding levels of investments, reinforced apprehension about signs of weakening demand in China. The Chinese government, which is locked in an increasingly acrimonious trade war with the United States, has been taking steps to shore up its decelerating economy and is considering further measures.
“Any time you have weak economic news coming out of China, it highlights the fact that the trade tensions are having a negative impact on the global economy,” Robert Pavlik, of Slate Stone Wealth, an investment manager, said. “The dollar is strengthening. It’s seen as a safe haven. Treasury yields are moving lower. This is all indicative of concerns that the global economy is slowing.”
Wall Street indices were in the red yesterday, with the Dow Jones industrial average down by 0.1 per cent, the S&P 500 fell 0.2 per cent and the technology-focused Nasdaq was off 0.5 per cent at the close in New York.
In London, the FTSE 100 closed down 22.79 points, or 0.31 per cent, at 7,345.78.
Gold prices increased to a high of $1,358.04 per ounce for the first time since last April as investors sought assets that are deemed to be safe havens during times of uncertainty.
Chinese property sales, which last month suffered their biggest decline since October 2017, were among figures that have raised fears over the country’s economic performance. While fixed-asset investment stood at 6.1 per cent in China between January and April, its momentum also appeared to wane last month. Between January and May, it fell to 5.6 per cent.
About 60 per cent of China’s total investment is generated by private sector fixed-asset investment. While this grew by 5.5 per cent between January and April, it rose by 5.3 per cent between January and May.
Growth in property investment slowed from 11.9 per cent to 11.2 per cent over the same period. Infrastructure investment growth slipped from 4.4 per cent to 4 per cent.
The figures were published as China braces for an escalation in its economic dispute with President Trump, who has repeatedly threatened to impose additional tariffs on Chinese exports worth hundreds of billions of dollars. The two nations, which had spent much of this year negotiating a deal to resolve their dispute, are no longer engaged in formal discussions.
Mr Trump expressed optimism yesterday that talks would resume, but insisted that “it doesn’t matter” if President Xi steered clear of the G20 summit in Osaka, Japan, at the end of this month. “We’re going to see,” Mr Trump told Fox News. “Eventually they’re going to make a deal.”
Liu He, the Chinese vice-premier, raised expectations that the country would announce more measures to boost its economic growth by calling this week on its regulators to increase their support.
Yi Gang, governor of the People’s Bank of China, also has claimed that there is “tremendous” room for policy action if the dispute with Mr Trump intensifies.
We are in the process of going through an online revolution, that is revolutionising the way that retailers work.
The days of finding your clients through a bricks and mortar shop front seem to be slipping away. The duel development of the internet and our ability to easily browse it anytime has revolutionised the ability for retailers to promote their services to clients anywhere they can deliver to who are actively searching for or have an interest in your products.
However, making a sale online is not as easy as just having the right product available at a good price. As the internet has enabled buyers to research products and suppliers before making informed decisions as to who to work with.
So now whilst having great products and competitive prices is still important alongside them you need positive reviews and a good online reputation. Here are six ways in which you can build a positive online reputation.
Have a trustworthy website
This means that you should have your own website. The website should be well written with good content. It should be indexed on google and have the correct SSL (security certificates that validate a website as genuine to a browser.)
The higher-level extended SSL certificates will display a green layer over your URL when it is shown on a compatible browser. This is a clear signal to the user letting them know that the site is secure and genuine helping you to earn their trust and close sales.
As the SSL issuer is guaranteeing this fact, you will need to go through several hoops when applying and wait whilst the website and company is verified before it is issued.
Have genuine social profiles
Your business should have its own Facebook page with quality content. You should have a linked in profile and entry. If appropriate the business and also have Instagram profile, they currently have over 25 million business profiles and over 80% of these are outside of the US.
If you build up your fan base/ followers posts can be an easy way to share new products or promotions. For example if you are an international courier you could promote an extra discount for shipping to USA to encourage more work for that specific route. Regular posts and updates are again a clear signal that the company is genuine and can help build awareness and sales.
Sell on other online market places
Having your goods on eBay, Amazon, Etsy and other online marketplaces, enables these marketplaces to promote your services and brand to visitors. As these marketplaces are very strong for a search engine online perspective, it very easy for these stores entries to appear in search results.
Remember that these sites will also be rating their stores, and so going the extra mile for clients is very important.
For example, once you despatch your orders let the receiver immediately know the tracking details for the courier services used, as this can help generate great reviews.
Sign up to an independent review site
You are able to set up automated reviews that will be published on their trusted domain. This will enable your reviews to be seen whenever you brand is searched for. Ensure that you respond to all reviews including the bad ones promptly as this shows the professionalism of the company. You can also use your best reviews as an additional sales tool, by quoting them on your product and check out pages of your own site. They also can help with offline credibility by adding them to your brochures and marketing material.
Publish a Blog
You should position yourself, company or products as an expert in your field. One of the best ways to do this is to write articles about your products and services. Often guides on how to achieve something or overcome common problems are also valuable content to be posting. These can also generate visitors to your website or blog once indexed by the search engines.
PPC and SEO
Protect your online brand by making sure that it appears number one in browsers search results. This should be easy to do for your brand by doing some search engine optimisation. This is where your make sure the structure of your website’s pages is optimised for the keywords that you would like the search engines list.
Then add some signal from directories and other websites such as social sites and review sites that the site is genuine and this will ensure that the search engines list your site correct. However, competitors can still bid on your brand using per click so it is good practise to ensure that you protect the first search result on a browser by occupying the top PPC position yourself. After all you do not want a competitor stealing your clients.
I hope that you have found these tips useful and remember that the route of build up an excellent online reputation comes from providing great customer service and treating your customers as you would like to be treated.
But with October’s EU-mandated departure deadline looming ever larger, London-based businesses are once again having to face up to the possible ramifications of the UK’s divorce from the EU. Throw in the increasing possibility of a no deal Brexit, and the need for these organisations to potentially reconsider their options grows. But, much like the referendum itself, the question stands when it comes to their place in the capital: should they leave or remain?
Why London businesses may want to stay put
Proximity to their customer base
From enhancing a company’s brand image to making sure it’s near to its competitors, a business’s choice of location is incredibly important. Arguably the biggest factor to take into account is picking somewhere that works as well for clients as it does for employees, and for most sectors, London fits this perfectly. If a company’s target market is largely English-speaking and based in the UK and Ireland, why would it move to a country that makes it more difficult to do business with them?
With 95% of people believing that face-to-face meetings are essential for long-term business relationships, the importance of a company’s proximity to its clients and customers becomes even clearer. Moving a business abroad could jeopardise being able to conduct real-world meetings, and clients may decide to take their custom to more convenient competitors.
London has access to an abundance of talent
Despite the uncertainty surrounding Brexit, the hordes of talent the capital attracts is another reason why its businesses may want to stay put. Research shows that London was Europe’s top tech destination in 2018, with more skilled workers moving there than to any other European city. Meanwhile, 89% of global institutional investors believe London has Europe’s best talent pool for financial services. Indeed, the overall amount of top talent in the capital continues to dwarf other major European cities—for instance, it has357,900 software developers, over three times as many as Berlin.
It’s not just international talent that’s drawn to London as domestic workers from outside the city are also flooding in. Almost a quarter of all graduates from UK universities begin working in London within six months, with 52% of these coming from Oxbridge, showing just how high the calibre of talent is. As such, London’s businesses can draw from a huge network of skilled workers that’s unrivalled across Europe.
London businesses receive significant support
Businesses in London may not get it as good elsewhere when it comes to accessing financial support. According to a study by funding database PitchBook, London tech companies attracted £1.8bn in venture capital funding in 2018. This was by far the most in Europe, almost doubling the amount ploughed into its nearest rival, Berlin.
It helps that the UK government is particularly supportive of SMEs. For instance,the Enterprise Investment Scheme alone raised just under £2bn for UK companies between 2017 and 2018, with 67% of this going to organisations in London and the South East. This programme is unlikely to be affected by Brexit, which is even more incentive for businesses to remain in the capital.
Meanwhile, the Start-Up Loans scheme entitles small businesses to up to £25,000 in funding, and there is a range of grants and tax reduction schemes available. With the government recently announcing a further program to offset some of the funding London businesses will miss out on from the EU, they are also taking preparatory measures for a post-Brexit city.
Why London businesses may want to leave the capital
London businesses may be unable to trade in the EU
Brexit could seriously hinder the ability of certain London companies to do business in the EU. While moving out of London may cut many businesses off from their clients, the same is also true for the ones who remain. Financial companies, for example, will lose the “passport” rights that currently enable them to trade across the EU. Consequently, relocating to an EU member state may be the only option for businesses who want to carry on as normal, explaining why finance giants like Goldman Sachs and Deutsche Bank have already started shifting their assets away from London.
UK businesses may also find it difficult to deliver, or even bid for, EU contracts, owing to the likely divergence from local or regulatory requirements. While it is expected that UK businesses will maintain regulatory alignment with the EU in the short term—even in a no-deal scenario—this won’t last long. Existing contracts could also go into a dispute where material change or cost is involved, and could also be affected by issues like long border delays.
Brexit could restrict access to talent
London has continued to attract skilled workers after the referendum, despite the political uncertainty, which will be harder to maintain once the UK actually leaves the EU. The end of free movement and tighter immigration regulations will leave many London businesses struggling to hire talent. Alternatively, the red tape involved will discourage them from hiring internationally altogether, with 50% of UK businesses saying that Brexit would put them off employing EU workers.
In fact, statistics show that UK companies are already feeling the squeeze, with a staggering 95% drop in EU nationals joining the UK workforce between the first quarter of 2016 and the first quarter of 2018. In addition, 44% of employers have admitted experiencing recruitment problems during 2018, while 34% struggled to retain staff in that period, almost certainly a result of Brexit. By relocating to another EU state, businesses can enjoy the benefits of freedom of movement and employ EU workers as easily as before.
Funding could dry up post-Brexit
While London businesses have still received significant funding since the 2016 referendum, one in three small businesses are concerned that accessing finance will become more difficult post-Brexit. And they’re right to feel this way. Major EU sources of funding—such as theEuropean Investment Fund and the European Regional Development Fund—will no longer be distributed to London companies, making relocation even more attractive to some businesses.
There are already signs that Brexit is having an impact on funding for London businesses. While tech companies did attract a record amount of venture capital in 2018, statistics show that funding, in general, is dwindling.
For instance, equity investors put 19% less into startup and scale-up businesses in 2018 than 2017, and bank lending stock in 2018 was at a similar level to 2017, representing a decline in real terms. In fact, around two thirds of UK borrowers believe that Brexit has already prevented them from adequately funding their businesses.
Interpersonal skill is crucial in conducting business activities. If you don’t have a good relationship with your clients, business partners, and employees, it will become increasingly difficult to maintain the success of your company.
Even if you are an introvert, learning relationship-building skills won’t take months if you try the following from today:
1) Diversify your network
Going beyond your immediate circle to meet other people will diversify your network. It also shows others that you are willing to come down to their level and interact. This will work in your favor because they will understand that you are a people’s person, and not someone arrogant about their position in the company.
Meeting the employees, suppliers, and clients from time to time and motivating them about the company is one of the easiest ways to build new relationships; something that will only affect your business positively.
2) Spend quality time with key people
Another aspect of relationship-building in your company is to pay more attention to key people who are willing to give they’re all for the business. Talk to the leaders, the employees, and everyone concerned about the company. It doesn’t necessarily have to be about business plans all the time. You can ask them if they are dating someone on online dating apps like LOveSita, if they are planning a holiday with their family in Paris, or if they know how to cook a particular recipe that your husband or wife is trying at home. Break the ice with such conversations, and see that these talented people will always be by your side through thick and thin.
3) Deliver what you promise
Faith and respect is a two-way street. If you want your employees and clients to stick with your company, you need to deliver what you promised them at the beginning of the year. Whether it is a paid-leave or a hike in salary, keeping up to your promises is also a way to build a strong relationship with the people related to your business. It is only when you give that you can expect the returns from the employees. They seek a leader who will understand their concerns. Be that leader and show them that no matter what happens, you can care for them when the time comes.
4) Be selective about your associations
Identifying new relationships that are beneficial for your business is the way forward. You should always prioritize quality over quantity in this matter. Being selective about your associations will only limit you to people who think about the organization. This will give you an opportunity to build long-term relationships with this group of people so that they can stay with your company for years. Over-investment in multiple relationships for the short-term success of the company may not be fruitful.
The depth of your relationship with employees and clients is essential for your business. These tried and tested relationship-building strategies will work if you start following them religiously.
Video conferencing and collaboration could unlock new levels of productivity in teams.
Nowadays, more and more companies rely on technology for connecting and collaborating day-to-day and admit that they are struggling to effectively connect their workforce virtually.
To help, here are the two most important parts in choosing the right video conferencing solution for your room, which can turn your room into a video conferencing space in minutes for more reliable and creative communication.
Define Your Room Size
There are lots of workspaces and rooms of different sizes so you must make your needs clear enough. Actually, only one video conference room solution can’t fit all sizes of your rooms. Depending on the number of participants, your rooms can be generally divided into five types including Focus/Mini Rooms, Huddle Rooms, Small Rooms, Middle Rooms and Large Rooms. Your room size will affect your budget, your choice of room solution, your time to prepare the room and so on. The range is wide, so knowing what you need before you start looking can save a lot of time.
Select the Right Room Solution
This is the most vital part if you want to turn your room into a video conferencing space in minutes. Then how to get the right video conferencing solution? There are two ways to achieve your goal: one is to select separate video conferencing equipment for respective requirements, and the other is to take advantage of the all-in-one conference room device that integrates camera, speakers, microphone, codec and software together. Compared to the first choice, the second one is much more convenient, easier and affordable.
No matter what way you choose, you should consider the following aspects for each component:
Codec: The best room solution should support powerful processing (encoding + decoding) ability with built-in codec
Display: Depending on the room size and presentation requirements, users may choose from a variety of displays including monitors, plasma screens, projectors and even dual screens.
Camera: Your camera should be of high enough quality to clearly capture all who are present when you host a video meeting or webinar. Some users may also consider the rotation angle of the camera or whether it has far-end control feature based on their own needs.
Microphone: Among the microphone options available, you need to compare their pick-up range, audio performance, microphone arrays and etc. according to your room size.
Speaker: Is your video conferencing device equipped with speakers that are sufficient for your event hosting? For larger rooms or more complex requirements, additional speakers should be also taken into consideration.
Here’s what you should also keep in mind when searching for a solution:
Ease of use: Feel difficult to host a video conference? Nowadays, more and more all-in-one room solutions are reachable on the market to empower people and organizations to work, meet and collaborate with others in a hassle-free way. Take ezTalks as an example, it has launched several kinds of conference room hardware for various conferencing room sizes, ranging from mini to large rooms:
Meet Mini- a portable all-in-one video conferencing device integrated with everything you need for video communication in your focus rooms;
Meet S (previously named Onion)- an affordable all-in-one video conferencing equipment for huddle room, with hardware and built-in ezTalks Meetingssoftware working together to make your conference room perfect, want to know more ? please click here;
Meet Pro- a premium all-in-one video conferencing device integrated with HD camera, speaker, microphone, codecs and software to deliver premium video conferencing experience for small rooms;
Meet Plus- a premium all-in-one video Conferencing device integrated with HD camera, speaker, microphone, codecs and software to deliver premium video conferencing experience for medium rooms;
Meet X- (not all-in-one but also easy to install) a premium conference room solution with integrated camera, codec and software to provide unparalleled meeting experience for your team collaboration in medium to large rooms.
Actually, time is money. More and more people adopt all-in-one devices to conduct their meetings, online webinars or other virtual events as all of them mentioned above are designed for simplicity to enable you to install your device in a hassle-free way with no on-site technical support required. More importantly, they provide a series of useful features to satisfy each user. Let alone complicated cables starting with selecting the powerful and systematic all-in-one solutions.
Cost-Effective: Before investing in a particular video conferencing solution, you need to know the ROI – will the technology pay off? Besides, ask yourself: Is the price reasonable for this value? Does it fit in your budget? Will it be worth the investment over the span of its expected useful life? In a word, don’t spend money on a solution if your answers to these questions are negative.
Features: Do not just purchase a tool that becomes obsolete in the following year. It should be able to perform a number of functions. But if you have two similar choices and one is more expensive as it has more features, it is wise to evaluate them as per your needs. For example, if all you want is to make an occasional video call with only one participant, you don’t need to pay for a tool that allows you up to 20 video attendees. Here we suggest thinking of all the possible uses you will have for a video conferencing tool first, write these down and look for a video conferencing solution that will cater to that. This will help you find something that will fit your purposes perfectly, and you won’t end up paying for features that you don’t need.
Security: Security is critical no matter what the technology you consider. You must be insistent on the question of security. Hacking is omnipresent. Do research before asking your vendors questions- you need to understand the types of encryption codes and other security features that are available with the devices that you’re planning on purchasing.
Connection: It would be much better if your room solution supports both Ethernet and wireless connection. There is no doubt that wireless option can eliminate the frustrations that come with trying to connect to a fragmented conference room. This can also bring convenience and simplicity to each user when building a conference room.
Companies are growing and consequently, offices are expanding across the world. Under this situation, a well-designed, well-equipped meeting space provides exceptional collaborating experiences that can increase knowledge-sharing, encourage problem-solving, capture creativity, and accelerate innovation.
With the help of the right video conferencing room solution like ezTalks all-in-one video conferencing devices for your corresponding room size, you can not only turn your room into a video conferencing space in minutes, but also boost the higher user productivity and business value!
You might think that slot machines are a great way to pass the time – a good few minutes of fun to liven hop your day.
You would be right, but did you know that a slot game can actually change your life? You can find plenty of Jackpots at Wizard Slots when you sign up today.
Depending on what slot you are playing, there is a potential for a jackpot to award you a life changing sum of money. With the format’s shift to online in the last decade, has come a real sense of competitiveness between developers and online casinos, as they try to offer customers and possible customers the best possible online gambling experience.
With that, comes a focus on offering the biggest possible jackpots and as such, they seem to keep getting higher and higher. Also, there are a number of themes which developers use to create interesting and innovative slots, but when it comes to jackpots, look no further than the jackpot-themed offering.
These slots are geared all around the promise of a big win and some players have fulfilled that promise. Here are some of the biggest ever slot game wins, to offer you some inspiration to start chasing your own, starting with a world record slot game win.
£13,209,300 won on MEGA MOOLA
This is a game that offers exactly what the name suggests, as MEGA MOOLAH can provide you with just that.
The game has become world famous thanks to a world record slot game jackpot payout, as a British shoulder netted a prize bigger than anyone else in online slot game history. Just the mere 13 million pounds was the prize for this lucky gambler – an amount of money never seen before.
Betway Casino was the gambling company in question for this payout who, we are sure were a little bit worried when they had to pay out such a big fee. But that said, the effects of some seriously worldwide PR, would have made a lot of extra traffic for Betway, who now have a fine reputation for playing out big wins.
€17,861,800 won on Mega Fortune
Mega Fortune is a game by Net Ent, a provider known for some really good graphics and, thanks to wins like this, they are known as an online developer who love to help gamblers get some big wins!
Mega Fortune embody this ethos from Net Ent Gaming, offering what is a vert small minimum bet in order to be inclusive to all gamblers. However, the outcome is still some massive jackpots on Mega Fortune which is another game that does what it says on the tin, cohering to the jackpot theme.
A Finnish player once bet 25 cents and won almost 18 million euros on this game, putting themselves in the history books as one of the biggest European winners ever.
$9.2 million won on MEGA MOOLAH
You have have heard about Europe and the UK, but what about the States?
USA is a gambling hub and, playing on MEGA MOOLAH, that aforementioned worldwide spectacle, a player has been known to have won a big $9.2 million. So, no matter where you are in the world, a life changing sum of money can be won on an online slot.
One cannot deny the fact that the Government of the UK has always been by the sides of the ones who require financial support or any other benefits in that case.
You are going to know briefly about three such social security schemes covered by the UK Government. The eligibility criteria and other details are discussed in this article as well.
Personal Independence Payment
The personal independence payment or (PIP) is another government aided scheme for the people within the age range of 16 to 64 years. The same help to bear the cost of living and other miscellaneous charges for the disabled or the physically challenged ones. PIP also secures the cost of living for the ones with a long term ill health condition. It is also responsible for wiping out the disability living allowance. Which directly means that all the new applicants will fall under PIP instead of DLA.
Personal Independence Payment is also a means-tested benefit.
The same implies that the amount one will receive directly depends on the current circumstances and also other factors like the contributions for national insurance, earnings, and other miscellaneous savings.
Remember that your capital will not be considered while someone is calculating the PIP amount you are eligible to receive.
The eligibility criteria for PIP are surrounded by a few factors including, the applicant’s age which should be within 16-64 years.
Meanwhile, the other two factors to be eligible for PIP is the need for assistance to get around with everyday chores and someone who has been suffering from health issues for quite some time now. Claiming PIP is simple as well.
Once you have requested for your PIP claim, the DWP will assess your application and then will send you a form back where you need to mention and explain how your health conditions or disability is affecting you to deal with the daily chores of life.
After successful completion of the same, one will receive funds from PIP. To know more information please dial pip phone number 0843 455 0087.
Social Fund Number
The Social Fund is a scheme run by the government of UK . The same provides financial help to people with low incomes during a time of crisis. Also, besides that, the social fund number is going to be there for the people looking for a little advisory on financial matters. In the case of a significant event or crisis, this little help may benefit immensely.
The whole purpose of the social fund is for this reason. So that the ones facing a tough time can take advantage of this fund. For the ones who are facing financial troubles has to be first eligible to obtain this money.
The fund can also take care of other expenses like a funeral, for instance.
Moreover, it also will cover the cost incurred in the delivery of a new baby or be it any kind of emergency in that case.
Floods, fire and all the other natural disasters are well covered under this scheme.
The social fund can also help someone with the travelling expense, added he/she is in a rush and isn’t able to get hold of money to support the move.
The eligibility for the scheme is simple as well.
One gets directly eligible for the scheme when he/she is enjoying the benefits of pension credit, income support and Income-related employment and support allowance for more than six months.
Also, for the ones to take part in any industrial action including strike or walk out in that case, isn’t eligible for the scheme.
Jobseekers Allowance ( JSA )
JSA is an assessable government advantage that is controlled through the Department of Work and Pensions. It consists of two to people who signify on a moderate income or jobless and are actively seeking work.
The grant can be utilized to include living costs as you watch for work. Before you implement, make good utilization of the advantages calculator to verify your qualification; you may require to employ for Universal Credit rather.
Eligibility Criteria for Obtaining The JSA
While the grant is accessible to any jobless UK residents, the set qualification standards must be satisfied for you to pass. These conditions are here as follows:
One must be capable of working hard and achieving the deadlines given to them during their work period. In one word, people must be efficient enough for the job.
You should work for lesser than 16 hours per week.
The applicant applying for JSA must be above 18 years of age but must be lower than the age of the State Pension.
He/She should not be entitled to any government benefits.
He/She must not be engaged in a full-time educational program.
Furthermore, there are some exceptions to these rules. For instance, candidates aged 16 or 17 years looking for a job can also apply for JSA and get the same benefits if they are proven independent. In case, you are under 18 years of age and are unable to apply for JSA, you can call the JSA contact number and reach out to your nearest job center plus office to know about your application in detail.
What Do You Need To Know About The RAC?
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You might face this particular issue anytime and anywhere while you are traveling. You might be traveling to work, you might be returning back home from work and there can be many more cases. If you know about the RAC, you can take the essential benefits they provide. Thus, reach out to the experts at RAC Contact Number who will further let you know about the services they provide.
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Ben Wright, CEO at Velocity Global, the leading provider of global business expansion solutions, advises firms on the essential components of any international growth plan.
As the uncertainty surrounding Brexit endures, we’re seeing an increasing number of British businesses look to foreign markets for opportunities to drive growth.
From statistics found in our State of Global Expansion 2019 Report, which includes survey results from 500 UK-based technology companies, 90 percent said they were planning to expand into new countries in the near future, with 43 percent citing the uncertainty surrounding Brexit as the driving factor in this decision.
But moving into a new market can be a daunting prospect and, like most significant business decisions, has the potential for risk. The key to mitigating these risks and ensuring a successful overseas expansion is choosing the right market to move into.
Getting that decision right often comes down to three critical factors.
Understanding the lay of the land
Each country has its own unique political and economic environment, and understanding what impact this is going to have on a business plan is essential. Locations with governments that promote foreign business are often considered the safest bet, but there are potentially lucrative markets to explore that might not always offer this.
For example, China’s joint venture system means that western corporations usually have to partner with a local entity to do business there, making it a more challenging and potentially risky place to expand into. But that doesn’t stop it from being a highly valued market. In fact, almost 60 percent of the tech companies in our survey considered China one of their top three most promising locations in terms of opportunities for profit and revenue growth.
The firms that are able to take advantage of markets like China are those that perform due diligence, understand the business environment, and prepare accordingly.
Knowing the talent pool
The core of any business is its people, and the need to have a dependable workforce is especially true for those with offices across a number of global locations. An overseas arm of a company must be able to operate effectively without the need for extensive oversight from its headquarters. Having members of staff with the confidence and ability to act semi-autonomously is therefore essential.
While bringing existing employees over can help initially, it will likely not be a viable long-term strategy. Finding the right talent locally will ultimately enhance a business by providing more diversity in perspective and experience. This can eventually inform strategic, company-wide decision-making.
Having people with a local understanding of the region can also help with tailoring marketing, PR, and recruitment campaigns that are orchestrated from its headquarters so they resonate in the new market.
Hiring locally brings people in who have established networks and provide immediate access to new business opportunities and partners. Having somebody who speaks the language and understands the nuances of doing business in that country is also immensely valuable.
Establishing a footprint
The process of setting up a legal entity in a new country can be a challenge. However, many are unaware that this is not the only option, and often not the most efficient way of building a presence in a new market.
Project-based contractors offer one possibility. They allow businesses to hire locally at short notice and for shorter periods of time. But, while independent contractors seem like a quick and easy way to plug a human resource gap, this method comes with complications. Setting up and managing temporary contracts that meet with local compliance standards provides more work for HR and can pose a threat to the security of intellectual property.
Employer of Record services – sometimes called International Professional Employer Organisations (PEO) – offer a potentially less complex and more flexible solution. Overseas workers are hired through the Employer of Record, who then handles all the administrative burdens of payroll and local employment compliance requirements that can arise when recruiting overseas. This makes it possible to be up and running in a new market in as little as 48 hours.
Using this more agile way of hiring overseas also means a business can test a market and only transition to a legal entity when a local presence and workforce size makes sense.
Taking the first steps towards global expansion is likely to be a daunting prospect for any business, but exploring new markets is an essential stage of development for a growing company. Considering the factors outlined above, and how they affect an expansion strategy, is vital to successfully building a footprint overseas.
Arcadia is to cut 170 jobs from its head office a day after Sir Philip Green struck a deal with creditors to save his retail empire by closing stores and slashing rents.
Arcadia, which owns brands including Burton, Dorothy Perkins and Miss Selfridge, said last night that it was “proposing to make some structural changes in order to support and deliver the turnaround plan”. Without the emergency restructuring, all 18,000 staff and the livelihoods of its suppliers would have been at risk.
Arcadia, which can trace its roots back to 1903 and a men’s clothing business in Chesterfield, employs 2,600 head office staff and about 170 are likely to be cut. The agreements reached with creditors on Wednesday pave the way for the closure of 23 of Arcadia’s 566 shops in the UK and Ireland, putting at risk 520 jobs, reductions at 194 sites and the axing of all 11 Topshops in America. A further 25 British shops are earmarked for closure through a separate process, which could hit 500 jobs.
Arcadia said it would try to find other roles in the group for those at risk.