Search Results for: pay ratio

Re-humanising the workplace: why prevention, support and standards matter more than ever

Re-humanising the workplace: why prevention, support and standards matter more than ever

by • Comment, Wellbeing

There is growing recognition that the workplace needs to become more human again, not less.There is growing recognition that the workplace needs to become more human again, not less. For all the talk of performance, productivity and retention, too many organisations still treat stress, ill health and emotional wellbeing as secondary matters. They are not. They sit at the heart of business success. The figures from the Keep Britain Working report, an independent review commissioned by the UK government and led by Sir Charlie Mayfield, the former chair of John Lewis, are a wake-up call. The value at stake is enormous. Employers face an estimated £85 billion a year in lost output and costs linked to ill health. For government, the additional burden in welfare payments and NHS demand is around £47 billion annually. On top of this lies the wider cost to the economy through lower participation, and the human and social costs of lost opportunity, stalled careers and reduced life chances. (more…)

How to spot a good investment from a mile away

How to spot a good investment from a mile away

by • Company news

strong investments often reveal themselves through simple, consistent signals that anyone can learn.  You do not need insider knowledge or complex formulas to spot quality opportunities early. What you need is a clear mindset and the ability to recognize patterns that repeat over time.  Let’s learn a few ways you can identify a good investment from a distance.Investing can feel overwhelming, especially when every opportunity claims to be the next big thing. You see bold promises, confident pitches, and glowing testimonials that sound almost too perfect. The truth is that strong investments often reveal themselves through simple, consistent signals that anyone can learn.

You do not need insider knowledge or complex formulas to spot quality opportunities early. What you need is a clear mindset and the ability to recognize patterns that repeat over time.

Let’s learn a few ways you can identify a good investment from a distance.

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Government sets £7.4 billion procurement target with small businesses

Government sets £7.4 billion procurement target with small businesses

by • Business, News

For the first time, individual government departments have been given specific targets for the proportion of spending that should go directly to small businessesSmall businesses across the UK are expected to receive more than £7.4 billion a year in direct government spending by 2028 under new procurement targets published by ministers. For the first time, individual government departments have been given specific targets for the proportion of spending that should go directly to small and medium sized enterprises. Departments will also be required to publish annual progress updates, with those falling short expected to outline how they will improve performance. (more…)

Six weeks paternity allowance for self-employed and other dads could boost economy by £3 billion

Six weeks paternity allowance for self-employed and other dads could boost economy by £3 billion

by • Flexible working, News

Introducing a new six-week paternity allowance to support self employed and ‘worker’ fathers would generate a series of benefitsIntroducing a new six-week paternity allowance to support self employed and ‘worker’ fathers would generate a series of benefits worth nearly £3 billion per year to the UK, research has found. The proposal, published in a new Institute for Policy Research (IPR) policy brief, argues that providing paid leave for self-employed and worker fathers – including contractors or those in gig-economy roles – at the Statutory Paternity Pay rate (£187.18 per week) would deliver significant economic and wellbeing benefits for families and for UK society as a whole. (more…)

Rapid growth in number of proposed data centres raises huge concerns for UK climate targets

Rapid growth in number of proposed data centres raises huge concerns for UK climate targets

by • Environment, News

A sharp increase in the number of data centres needed to meet the demands of AI is prompting concerns about energy demandA sharp increase in the number of data centres needed to meet the demands of AI is prompting concerns about energy demand and the potential impact on UK climate commitments, according to a report by The Times [paywall]. According to the newspaper, Ofgem, the energy regulator, has received connection enquiries for around 140 new data centre projects. Together, they are seeking approximately 50 gigawatts of electricity capacity, a figure that exceeds Britain’s entire recent peak electricity demand of about 45 gigawatts. The scale of the requests has raised questions about whether existing infrastructure planning and carbon reduction pathways are aligned with the speed of digital expansion. (more…)

Lack of innovation continues to hamper small business and startups

Lack of innovation continues to hamper small business and startups

by • Business, News

Small business innovation in the UK has fallen for the fourth consecutive year despite record levels of entrepreneurial ambition,Small business innovation in the UK has fallen for the fourth consecutive year despite record levels of entrepreneurial ambition, according to the latest State of Small Business Britain report from the Enterprise Research Centre. The annual study draws together findings from a range of business surveys and shows that 36 percent of working age adults are now starting, running or planning to launch a business. This is the highest level recorded since the Global Entrepreneurship Monitor began tracking activity in 1999. Early stage entrepreneurial activity has doubled since the early 2000s and has stabilised at around 12 percent. (more…)

AI isn’t turning robots into humans, it’s turning humans into robots.

AI isn’t turning robots into humans, it’s turning humans into robots.

by • AI, Comment, Wellbeing

in amongst all the noise, I’m paying less attention to how AI is seemingly becoming more human, and more attention to how we are using AI to become robot-like.In all the conversations, debates and shouting matches about AI that continue to dominate the internet, there is much talk about the insidious danger of anthropomorphising AI. There is something chilling about the deliberate stumbles, inflections and hesitations that are put into AI communications, to try and convince people that they are talking to a sentient being. Explanations of AI deliberately use language such as ‘the model understands’ to make us believe that AI is developing a human level of learning, as that is more appealing than saying ‘the algorithm predictions are expanding’ (and neatly glosses over the increasing error rates and hallucinations). However, in amongst all the noise, I’m paying less attention to how AI is seemingly becoming more human, and more attention to how we are using AI to become robot-like. (more…)

Beating Blue Monday: International Workplace launches free occupational health and wellbeing training for SMEs

Beating Blue Monday: International Workplace launches free occupational health and wellbeing training for SMEs

by • Company news, Wellbeing

International Workplace is doing its bit to ease the New Year’s blues today by equipping small businesses with the tools to champion mental health and wellbeing in the workplace.International Workplace is doing its bit to ease the New Year’s blues today by equipping small businesses with the tools to champion mental health and wellbeing in the workplace. ‘Blue Monday’ – the third Monday in January each year – is often cited as the most challenging day of the year for the UK workforce. With the festive season over, wintery weather taking its toll, and a long wait for payday, it’s a time when a little extra support from managers can make all the difference. (more…)

How leadership can drive positive changes in workplaces

How leadership can drive positive changes in workplaces

by • Company news, Workplace

Leadership has the power to reconnect people to their workplaces, rebuild trust, and create environments where employees feel motivated to contribute.The contemporary American professional landscape is at a turning point. While people are sticking with their employers, they feel more disconnected than ever. Gallup calls this the ‘Great Detachment’. (more…)

How business leaders can support disabled people in the workplace

How business leaders can support disabled people in the workplace

by • Company news

For differently abled people to perform optimally, business leaders must actively help them feel comfortable in the workplace. This requires an extensive support system.Disabilities are more common than we may realize, affecting the everyday lives of real people in heartbreaking ways. The CDC observes that over 28 percent of people in the US suffer from one or more physical disabilities. These could be related to cognition or mobility, vision, or hearing. Sometimes, a tragic accident may leave you in this condition. Or a genetic disorder, such as Tay-Sachs disease or cystic fibrosis, may flare up.  Whatever the cause, the result is generally the same. Prolonged physical and mental stress that complicates your personal and professional life in the workplace. (more…)

How healthcare leaders can enhance their business acumen

How healthcare leaders can enhance their business acumen

by • Company news

Healthcare leaders need to enhance their business acumen if they want to run successful practices without losing sight of the people they’re called to care for.No one enters into healthcare looking forward to dealing with budgets, profit margins, or return on investment. They do it because they want to make a difference. Still, the reality is hard to ignore. Great care depends on great decisions. And many of those decisions require more than just clinical expertise. They require business acumen. This means a balanced mix of financial savvy, strategic thinking, and real-world insight.

But can healthcare leaders do without this skill? Probably not. According to the American College of Healthcare Executives (ACHE), problems with finances ranked second in the list of concerns for hospital CEOs in 2023.

The message couldn’t be clearer. Healthcare leaders need to enhance their business acumen if they want to run successful practices without losing sight of the people they’re called to care for.

 

 

Is Business Acumen Essential for Healthcare?

Short answer? Yes. But let’s look at why.

When we talk about business acumen, we’re really talking about the ability to make smart decisions that keep the door open.

For healthcare leaders, this goes way beyond spreadsheets. It’s about seeing the whole picture: patient needs, team dynamics, financial sustainability, and the entire ecosystem of your healthcare organization.

And yes, this matters. A lot. In fact, the World Economic Forum clearly ranks business acumen as the No.1 skill every people leader needs, with almost 90% of chief people officers saying it is their top priority in the coming months and years.

While this data applies across industries, it’s no less relevant in healthcare. In other words, knowing how the business side works is no longer optional. It’s expected.

To put things in their proper perspective, without business acumen, you might provide great care, but would you be around to provide it next year or the year after?

 

How to Enhance Business Acumen as a Healthcare Leader

So, how can you enhance your business acumen as a healthcare leader? And no, you don’t need a four-year MBA. Here are practical tips that can work in your healthcare system.

Listen to Your Patients

Your patients aren’t just the people you provide with healthcare services; they’re also your customers. And you know the good thing about customers, feedback from them is gold for business development. So, listen to them.

Paying close attention to what your customers are saying helps you spot gaps in your services. Do they complain about access to telehealth? Perhaps some mention how hard it was to get a follow-up appointment. Insights like these help you fix processes, reduce complaints, and improve outcomes.

We saw a good example of this in 2024, when employers reported growing interest in expensive obesity medications, including GLP-1s. Tuning into patients’ conversations will tell you whether to expand your services in this area or not. It’s like using patient engagement to drive business strategy.

 

Take Specialized Courses

While listening to patients will give you insights into the direction your practice can take, alone, it’s not enough. You can take things a step further by considering a structured environment where you can learn the skills to do the business of healthcare better.

The good news? You don’t have to do another four-year course for this. There are accelerated online programs for working healthcare professionals that you can do to enhance your business acumen.

Take MSN-MBA dual degree online programs, for example. These programs teach you how to both oversee clinical operations and establish policies and processes for better patient care results.

What’s more? According to Spring Arbor University Online, programs like these give you two Master’s Degrees in just two years and five months. And you don’t have to quit your job, too.

You can also consider short courses or weekend workshops on healthcare finance for non-financial managers. In this case, the goal is not to become an expert but to ‘speak the language’ so that you know what to look out for when running a healthcare practice.

 

Find Mentors

Finding a mentor is a secret advantage that not many people use. These are people who’ve been where you are now and are where you want to be in the future. Of course, they’ve likely experienced some of the challenges you’re currently facing and are in the best position to tell you what to do.

Experiencing high turnover rates in your clinic? A mentor can tell you how to make them stay.

According to a 2024 study published in the Journal of Healthcare Leadership, healthcare professionals who participate in mentorship programs report increased leadership awareness, better coping with stress, and improved confidence as leaders. The benefits are self-explanatory.

 

Follow Industry News

One final way to stay on top of your business acumen skills is to keep abreast of industry news. Why? Because the world of medicine moves fast.

Take 2025, for example. Probably one of the biggest healthcare industry trends was artificial intelligence (AI). PWC even predicted that it will power the future of medicine, with 77% of healthcare executives making it a top priority investment for the near future.

Now imagine you’re not paying attention to industry news and don’t have this information. You’ll be left behind while others leverage AI tools to make data-backed decisions.

 

Bottom line? Stay on top of things. Even if it’s one solid newsletter, subscribe to it.

 

Building Your Business Acumen in Healthcare

Managing a healthcare facility is tough work. You’ve got to make sure that the numbers add up while at the same time, ensuring that patients get the best possible care. Enhancing your business acumen is one of the most effective ways to make this work. Hopefully, the points discussed in this article have shown you how to do just that.

It’s important to point out that this doesn’t happen overnight. It’s a slow and thoughtful process, but one that pays off at the end. The best way to go about it is to pick one strategy and work on it. Once you start seeing results, you move on to the next.

Your patients, your team, and your healthcare operations will thank you for it.

Life at the coalface: How the agile workplace first appeared in the mid 20th Century

Life at the coalface: How the agile workplace first appeared in the mid 20th Century

by • Comment, Wellbeing, Workplace design

agile working began in the coal fields of NottinghamshireThe idea of diffusion of innovation has become so embedded in our culture, and most recently so associated with the adoption of new technology, that we might assume it happens in predictable ways. The steps between innovators, early adopters, early majority, late majority, and laggards seem intuitive and certain even when their peaks might be unsure. And yet history teaches us that sometimes new ideas can take years or even decades to take hold, even when they are potentially world-changing and relevant for the era in which they were formulated. (more…)

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