Better Tech & Flexible Employment Key to Business Success in 2017

With Brexit set to reveal its true face from around March with the implementation of Article 50, many businesses will be facing numerous challenges over the next 12 months. 2017 is undoubtedly going to be a voyage into new territory, particularly for small to medium size companies operating on tight budgets.

But Brexit is also going to present significant opportunities.

While the doom mongers began to prophesise calamity in the days following the EU vote, Bank of England Governor Mark Carney recently took a more positive outlook and even intimated that Europe has more to worry from a hard Brexit than perhaps the UK does.

The Tech That Can Propel Your Business Forward

Investment in technology is going to be key to employers over the next year as Brexit begins to get underway. How your business uses that technology to improve processes and streamline services will be critical. That doesn’t just mean investing in new products and services that help you grapple with the market place but getting a better handle on important areas such as staff employment and daily working practices.

With changes in employment practice such as the introduction of workplace pensions and the obligation of employers to provide these for staff who meet the current eligibility rules, it’s sensible to make sure that costs are monitored and kept under control. This is particularly important for businesses that employ a low skilled work force where these changes in recent years have made a big difference and affected bottom lines across the board.

Will Flexible USA Style Employment Laws Make a Difference?

There are many in the business sector who see our disentanglement from the EU as an opportunity to start reviewing employment law in the UK. Making legislation more flexible and returning some of the balance back to employers, for instance, with respect to the hiring and firing of staff, could allow us to better compete around the world.

With the likelihood of a hard Brexit on the cards, giving our home-grown businesses more tools to succeed seems like a sensible option. With legislation relating to sick pay, pensions and the introduction of new training levels, it often seems that we are hog tying our businesses and preventing them from being able to grow and thrive.

There’s no doubt that being a member of the EU has meant that many businesses have had to contend with a lot more regulation than they would ideally like. Much will depend on the type of relationship we have with Europe once the Brexit dust has settled. It’s unlikely that we will see a whole sale change in the immediate future, however, no matter how much businesses will want to see it. According to some industry analysts, there may not be much change at all.

There has been plenty written in the 6 months since we voted to leave the EU, most of it speculation. As with any large change there will be winners and losers and a need to change and evolve different strategies to cope and succeed.

Employment practices and the costs associated with these need to be monitored carefully over the next couple of years. That means having the right employment partner who can provide you with the staff you need to push forward and the technology in place that enables you to monitor what you are spending and how this is impacting on your business.

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