October 21, 2019

Business rates and employment costs for small firms need overhaul

by Neil Franklin • Business, News, Property

The Federation of Small Businesses (FSB) is calling on the Chancellor Sajid Javid to bring forward radical interventions to address an unprecedented long-term slump in small business confidence, slowing economic growth and a widening trade deficit when he publishes the 2019 Autumn Budget on 6 November. In a letter to the Chancellor, the group calls for a major reduction in business rates bills for small firms, as thousands struggle to stay afloat amid spiralling operating costs. More →

October 16, 2019

Business leaders out of touch and failing to inspire, say employees

by Neil Franklin • Business, News

British businesses are facing a crisis of leadership, according to new research from Tiger Recruitment, which claims that 58 percent of employees are rarely or never inspired by the leader of the company they work for. Furthermore, according to British employees, many business leaders are setting a poor example around the issues that matter to them today, including work-life balance (28 percent), managing stress (29 percent), flexible working (21 percent) and staying mentally healthy (21 percent). More →

October 8, 2019

Flexible working is good for business, study claims

by Neil Franklin • Flexible working, News

The overwhelming majority of Scottish business leaders who already offer staff some form of flexible working say it has had a positive impact on their business. The research, conducted by YouGov for Family Friendly Working Scotland, claims employers surveyed reported benefits to the business including increased productivity among workers (37 percent) and better staff retention (40 percent). Almost a third (30 percent) reported fewer staff were off sick, while other benefits included increased profit (17 percent) and better employee mental health and wellbeing (40 percent). More →

October 1, 2019

Tech skills now more important than maths and science say business leaders

by Neil Franklin • News, Technology, Workplace

More than two-thirds (68 percent) of British businesses think that acquiring tech skills such as coding trumps the importance of more classic subjects such as maths and science. The research, from tech job board CWJobs, also claims that 71 percent of businesses urge candidates to learn tech specialisms in order to futureproof their careers. Active jobseekers should take note of skills that can push them to the top of the hiring list, with eight out of 10 (80 percent) business leaders revealing candidates having a tech specialism is an important factor in their future hiring decisions across any job sector. More →

August 20, 2019

Businesses should focus on the greater good of people and society

by Mark Eltringham • News, Working culture

Modern corporations should work in the best interests of society and people rather than focusing primarily on making money for shareholders as they may have in the past, according to an influential group of chief executives. The body Business Roundtable, which represents the heads of some of America’s largest companies, including Apple, Amazon and Exxon Mobil, has issued a statement of its updated corporate governance principles. More →

August 7, 2019

One in ten firms sued for business rates arrears

by Neil Franklin • News, Property

Around one in ten businesses in England were sued by their local authorities over the past year for failing to pay rising business rates, new data suggests. According to real estate consultancy Altus Group, around 750 businesses were sued each working day. The real estate group said the figures highlight the cost pressures on UK businesses, as the occupies of around 190,000 commercial properties came to court over the non-payment of rates during the last financial year. The report claims that the occupiers and owners of offices, shops, pubs and restaurants have called for cuts to business rates. According to Altus Group, the standard rate of tax, which applies to all medium and large premises in England with a rateable value of more than £51,000, rose by 2.4 percent on 1 April 2019. More →

July 5, 2019

Four day week makes business sense, claims Henley report

by Neil Franklin • News, Wellbeing

A four day working week could save UK businesses an estimated £104 billion annually, while improving productivity and their environmental performance according to new research from Henley Business School. The research claims that a shorter working week on the same pay could add to businesses’ bottom lines through increased staff productivity and an uplift in staff physical and mental health, whilst also resulting in a cleaner environmental footprint. Henley’s ‘Four Better or Four Worse?’ white paper exploring the issue claims that of those businesses who have already adopted a four day week, nearly two-thirds (64 percent) have reported improvements in staff productivity. More →

June 13, 2019

AI is the biggest business disruptor on world stage

by George Eltringham • News, Technology

AI and its transformational effect on the global business landscape was the dominant theme on day one of the UK Asia Tech Powerhouse Conference. Transforming urban mobility thanks to rapidly growing cities, and how Asian cities are leading the march towards a digital future also featured in the first of the two-day event, with influencers from across trade, investment and technology, including Singaporean entrepreneur Annabelle Kwok and Mark Purdy, Accenture’s Group Chief Economist and Managing Director at Accenture Research. More →

April 15, 2019

New BSRIA guide to Soft Landings and Business-Focused Maintenance

by Marie Hillen • Architecture, Facilities management, News, Technology, Workplace design

BSRIA has launched a new guide that aims to inform those involved in the design, construction and operation of a building about how an effective Business-Focused Maintenance (BFM) regime can be developed and achieved through the Soft Landings approach. The topic guide on Soft Landings and BFM is written as an ‘at a glance publication’ to give readers a glimpse of the subject and recommends further reading. More →

April 12, 2019

Rise of grey entrepreneurs: 1 in 10 Brits would like to start their own business in retirement

by George Eltringham • News, Workplace

Aviva’s Retirement Reality Report claims that for some people retirement is a time when they would like to travel (47 percent), take up a new hobby or continue with old ones (29 percent). However, many think retirement is also a good time to start their own business. That’s according to a survey of 2,010 UK employed adults, aged 22-65 years, conducted on behalf of Aviva by Censuswide. More →

April 7, 2019

Businesses urged to pay suppliers on time or risk losing out on government contracts

by Mark Eltringham • News

More than 10,000 businesses have been warned by the government that they must pay their suppliers on time or face being prevented from winning further government contracts. Officials from the Cabinet Office have written to the businesses – which include all the government’s current strategic suppliers – to remind them of the new rules on prompt payment, which come into force this autumn. More →

April 3, 2019

Procurement fraud rampant in UK businesses

by George Eltringham • News, Technology

Procurement fraud is widespread in the UK and the country lags behind many countries in its detection capabilities, new research from SAS claims. British companies, on average, lose significantly more money to procurement fraud, and the country is far more reliant on ineffective manual detection techniques than other nations.Procurement fraud occurs when employees and suppliers behave fraudulently during the contract bidding process or over the course of the contract. This can range from employees colluding with their preferred vendor to give unfair advantage during procurement, to suppliers submitting multiple invoices for a single item. While procurement fraud is a serious crime that carries a jail sentence in many countries, perpetrators are often willing to take the risk for personal revenge or financial gain. More →