How to design an effective incentive scheme for your small business
An effective incentive scheme is an important way for small businesses to motivate their staff in order to improve performance and boost profits. Responding to incentives is part of human nature and employees like (and…
A small business owner’s guide to calculating holiday pay
When you employ staff you must give them a certain amount of annual leave, and pay them during this time. If your employees work a set amount of hours, and received a fixed salary, calculating…
A small business guide to annual leave entitlement for employees
As an employer, you are required by law to give your employees a certain number of days holiday during the year. The amount of annual leave employees are entitled to depends on several factors.
How to handle disciplinary issues in the workplace
Despite every effort, even the best-run businesses may encounter disciplinary problems with employees from time to time. Although it is always best to focus on effective management practice and preventative measures, having clear and fair…
What is a written statement of employment particulars?
If you decide to recruit your first employee for your small business, one of your legal obligations is to present all staff members with a written statement of employment particulars.
Using staff benefits to motivate and retain employees
In an increasingly competitive business world, nurturing your existing staff can help you avoid a high turnover rate. If you’re constantly losing employees you find yourself spending a lot of valuable time training new staff,…