Senior promotions signal continued growth at Flint Bishop
7 subtle ways to make your company culture stand out
Open up communication
Making work a setting where individuals feel comfortable communicating can boost morale. Whenever possible, foster an environment that values honest feedback. Feedback sessions between employees and management can foster continuous improvement and mutual respect by making employees feel heard and respected, as well as helping management understand their team’s beliefs and motivations. Regular open forums where anybody may discuss workplace culture, projects, and processes can promote free discourse and community belonging. These forums can help people overcome challenges and brainstorm business growth. Your office can also include anonymous suggestion boxes. These, whether digital or physical, are helpful for eliciting people’s perspectives who may not feel comfortable speaking up in public. These suggestion boxes allow staff to voice ideas and issues without fear of being judged or “singled out” from the crowd. Opening communication can boost employee engagement and collaboration, making the workplace more productive and peaceful.Flexible work arrangements
Today’s workforce values workplace flexibility, and there are many ways to provide it, each with its own benefits. Allowing employees to work remotely, from home or elsewhere can raise morale and reduce stress. Recognising employee needs and preferences promotes a healthier work-life balance. If your business model permits, give your personnel more scheduling flexibility to work when they’re most productive. Employees will be happier and more engaged if they can schedule their work around their obligations, and at times when they feel most inspired and energetic. Work-life balance is crucial to employee health and satisfaction, and various instances of research have shown that workplace flexibility boosts productivity and reduces absenteeism. These types of arrangements can show employees that you trust them and are willing to meet their needs, earning their loyalty and respect.Professional development investment
Online courses and qualifications are a great way to enhance staff members’ skill sets and knowledge bases. Employers can look to funnel some of their budget into providing memberships to top educational platforms, or paying for online seminars and workshops. Similarly, encouraging mentorship ties inside an organisation can help with knowledge transfer and career development. Employees can learn from more seasoned coworkers and improve their own career navigation through mentorship programmes – what’s more, this is a great way to get staff members engaging with one another in a productive and engaging way that could foster genuine bonds of trust. Giving each employee a learning and development budget empowers them to take charge of their own progress and direction in your company. This money could cover conferences, certificates, and specific training. Give employees the “keys” to their career growth and let them pursue learning opportunities that meet their interests (preferably in a way that suits your business goals).Recognise success
To encourage and retain your staff, you may want to make efforts to recognise and reward team members for their contributions. There are innumerable ways to do this, and some work better than others. Encourage employees to acknowledge the accomplishments of their coworkers through a peer recognition platform. This helps to create a more positive work atmosphere, and encourages a culture of vocalised gratitude. Meetings on a regular basis or a digital platform might both serve as facilitators for such programmes. Extra vacation days, public recognition, or chances for professional development are examples of non-monetary incentives that can have a big influence. Workers will feel appreciated because these prizes can be personalised to their requirements and tastes, showing them that you, as an employer, recognise and value them as an individual, not just another “cog” in the machine. No matter how big or small, it’s important to celebrate both individual and team accomplishments and milestones. This will raise morale and inspire people to keep working hard. There is a wide spectrum of celebrations, from handwritten messages of gratitude to extravagant team parties. Organisations can motivate their staff to keep performing well and committing to the company’s objectives by establishing a culture that frequently acknowledges and rewards accomplishments in a genuine and meaningful way.Promote wellness
Workplace wellness programmes should promote employees’ physical, mental, and emotional health. Your employees will be more productive, creative, and happy at work if they lead healthy lifestyles. For the body, offering gym memberships or cash donations encourages staff to be active and healthy, improving wellness and productivity. Ergonomic furniture and tools help reduce physical strain and long-term health issues, showing your commitment to employee well-being. Supporting mental health days, reducing stigma, and enforcing work-hour limitations for all employees helps create a healthy work environment. Companies that emphasise health can help employees find a better balance, which enhances their satisfaction at home and at work and their productivity.Encourage relationships
Fostering workplace social interactions improves teamwork and employee satisfaction. Your workforce may have a diverse set of values, interests, and qualities, making this a tricky – but by no means impossible – environment to traverse. You can’t force people to like one another, but there are some things you can do to encourage the natural development of social relationships. Lunch-and-learns or interest-based groups can help employees bond without the demands of formal events like a workplace Christmas party. Outside of a structured setting, creating “breakout” spaces for leisure or casual talk can help team members relax and open up, leading to better bonds and more unplanned encounters. Don’t underestimate the power of a ping pong table! Promote a supportive and inclusive workplace to boost morale and belonging. Instead of talking about work, encourage your workers to talk about their personal lives, interests, and ideals to build camaraderie and deeper understanding. Team members should feel valued and included, and generating a welcoming culture can promote a more cohesive and supportive workplace.Lead by example
Leadership has an enormous effect on company culture. When leaders model the behaviour they want to see filter through their business, they set the tone for everyone to follow. A leader’s dedication to the company’s principles and culture might be best shown by taking the lead in implementing the changes they promote. A leader’s example can motivate followers to do the same, whether that’s through vulnerability, open communication, or taking part in professional development opportunities. A culture of trust and open communication may flourish when leaders set an example by being vulnerable and honest about the struggles they face. When workers feel their opinions matter, they are more likely to voice them. When leaders set a good example, they inspire their teams to do their best work by creating an environment of mutual respect, trust, and constant progress.Conclusion
In closing, if you want your employees to be happy, stay, and productive, it starts with the creation of a pleasant work environment. From encouraging open communication and providing flexible work arrangements to setting a good example to your staff, all of the tactics discussed in this article aim to improve workplace culture in a genuine and successful way. Businesses should take it slow when introducing new policies and procedures, testing several approaches to see what works best for their employees. By taking baby steps and providing constructive criticism, you may make changes and encourage a growth mindset.The Access Group appoints new Managing Director of Access PaySuite
He has a strong track-record in starting and scaling businesses within fast-growing, tier-1 technology companies and is passionate about delivering exceptional customer experiences and driving continuous innovation at scale.
Before joining Access PaySuite, Giulio was executive vice president of Payments-Platform-as-a-Service at Ingenico. Before that, he held senior leadership roles at Amazon, RetailMeNot, PayPal, and eBay across Europe. He has an MBA from Columbia Business School and London Business School.
Giulio said: “This is an exciting time to be joining Access PaySuite and I am keen to contribute to the Group’s exceptional growth and help propel and deliver success across the division.
“I am looking forward to working with a likeminded team at The Access Group globally to continue to drive innovation on behalf of our customers and partners in the ever-evolving payments landscape.
“I am committed to ensuring that we continue to deliver exceptional service and value to all our customers and stakeholders and look forward to the opportunities ahead.”
The Access Group CEO, Chris Bayne, added: “I am delighted to welcome Giulio as Managing Director of Access PaySuite, he will be responsible for the strategic and operational development of the division and has the skillset, drive and passion to make a great success for both our customers and our people.
“I would also like to take the opportunity to thank Andrea Dunlop for helping build Access PaySuite to the organisation it is today. Her hard work and dedication has laid the foundations for the future of payments at Access PaySuite, and we can continue to build on that.
“I am delighted that she has committed to remaining with The Access Group and PaySuite division as a non-executive director and will be supporting Giulio with both FCA and regulatory support and M&A strategy and we are looking forward to the value she will bring in her new role.”
Rights to offshore wind innovation for sale after administrators appointed
The rights to an innovative product in the offshore wind market, Gravity Tripod™, are up for sale after Michael Roome and Dean Nelson, Business Recovery and Restructuring Partners at PKF Smith Cooper, were appointed as administrators of East Midlands-based OWLC Holdings Limited on 26 February 2024.
OWLC Holdings Limited own the rights to Gravity Tripod™, a unique and internationally patented design for an offshore subsea foundation structure.
Following the appointment of administrators of OWLC Holdings Limited, an accelerated sale of business has commenced with the aim of finding a purchaser for Gravity Tripod™, which management believe can deliver an average of 11-12% reduction in the cost of electricity generated by offshore wind.
The Gravity Tripod™ is a unique design for an offshore subsea foundation structure, requiring little or no seabed preparation.
It uses concrete in place of steel, which allows the Gravity Tripod™ to expand the supply chain and deliver an offshore wind solution that is quicker, cheaper and more environmentally friendly than traditional monopoles or jackets. The patent is registered in a number of key geographies worldwide.
Michael Roome, Business Recovery and Restructuring Partner at PKF Smith Cooper, said: “Our aim is to maximise returns for creditors by seeking a sale of this unique design in the offshore wind market.
“If you are interested in purchasing the company, please contact me as a matter of urgency. We will keep stakeholders and the press informed of any developments as matters progress.”
Full occupancy reached on Nottingham’s Castlebridge Office Village
Streets Chartered Accountants reflects on the Spring Budget
Post Budget Webinar
Today Streets hosted its post Budget webinar in which it provided details of the announcements along with an update on topical issues affecting business clients and private individuals for the new tax year 2024/25.
This presentation was recorded and is now available on demand for those who weren’t able to join live. Click here to catch up.
A Budget built on loss leaders or a leadership that might have lost its way? Was it more ‘Middle Lidl’ than Middle England? The headline grabbing announcement from the Chancellor Jeremy Hunt’s Spring Budget, and perhaps his last before an election, was the 2% cut in rate of National Insurance. This second cut follows a similar cut given in last year’s Autumn Statement and comes with an election looming. Read more.More families will be eligible for Child Benefit
What has previously been thought to be an unfair system, with eligibility for Child Benefit being withdrawn when one parent earns more than £50,000, now sees a welcome change.Read more.
Guide to The Spring Budget 2024 The 2024 Spring Budget contained some important announcements and confirmed a number of changes planned for the new tax year. Following this, Streets put together a report containing the latest tax and financial information, which is available to download using the link below. Currently, if one partner earns more than £50,000, child benefit starts to be gradually withdrawn, and where the individual earns more than £60,000, they do not receive child benefit at all.