Struggling businesses hoping for a reprieve from challenging conditions in 2023 face disappointment, warns Institute for Turnaround Inflationary pressures, rising energy prices and labour shortages mean demand for turnaround expertise among distressed businesses will continue to grow in 2023, according to the Institute for Turnaround (IFT). Last year IFT members, who help underperforming businesses avoid unnecessary insolvency, saved in excess of 80,000 jobs as initiatives to fix finances and revamp growth strategies bore fruit. Members also helped UK companies deliver more than £3.6bn of shareholder value. But in its latest Societal Impact Report, the IFT predicts increased demand for its services…
Author: sme-admin
Loud quitting is the newest workplace trend and is a form of employee disengagement where employees try and play risky mind games to squeeze more money out of employers. This might involve mentioning they aren’t happy in the office and that they are applying for other jobs in the hope for a pay rise. This trend is troubling as it signals employees are not happy as well as a disconnect between the employer and employee regarding expectations when it comes to promotions and pay. It is in a manager’s best interest to recognise and prevent loud quitting and correct it…
A new report which collates data from over 50,000 workers worldwide reveals that people of colour are three times more likely to post a question on their change activation platform than their white colleagues. Although people of colour post more questions on the platform, they’re much more likely to receive responses from colleagues if they post anonymously on the platform rather than posting with their name and full profile (46% more likely to get a response when posting anonymously). In contrast, white men on the platform were found to get 8% more responses when they share their name or photo alongside their posts. The report, collated…
Technology startups with innovative digital solutions to transform and automate the public sector are being given the chance to partner with the UK’s largest business services company to turbocharge their growth. The TechMarketView Innovation Partner Programme (TIPP) has once again teamed up with Capita Scaling Partner, the corporate venture unit of Capita plc, to find startup and scaleup companies delivering game-changing solutions. Applications are now open for eligible firms ahead of a pitch event in March. The successful company will join the Capita Scaling Partner (CSP) portfolio in a unique equity-for services model, ensuring mutual success and business growth. Since…
Author: Erika Eliasson-Norris, CEO of Beyond Governance Regardless of the size of your business, it needs good governance if it is going to operate successfully in the long term as governance enables businesses to survive by staying agile and competitive. From start-ups to giant corporations, it is vital for durability to place good governance at the heart of the business, especially amid the recession, the cost of living crisis and economic turmoil. What Exactly Is Governance? Essentially, governance is your business’s manual. It encompasses all that the business is, where it wants to be in the future, and the route…
Leading fuel card provider fuelGenie is urging businesses to switch to fuel cards in 2023 and make major savings as price gaps on the forecourt continue to expand. The pence per litre gap between supermarkets and other suppliers is growing, with those choosing to fill up at supermarkets enjoying savings of up to several pounds per tankful against some alternative suppliers. This is good news for SMEs and fleet operators who take action to ensure their vehicles are fuelled at supermarkets rather than elsewhere. Tony Burgess, Director, Merchant Network at fuelGenie explains: “Supermarkets have come under fire from some motoring organisations…
Software AG last week announced the results of a new global survey of over 2,000 senior IT decision-makers from the U.S., Canada, U.K., Germany and France. It finds that the majority (84%) of organisations will prioritise commercial objectives over sustainability in the face of economic challenges. This is despite the fact that almost all (95%) leaders agree sustainability is either a top or high priority and a similar number (97%) agree that other firms’ sustainability credentials are either essential or important in their own buying decisions. The annual Reality Check reports seeks to investigate how technology initiatives can benefit both…
Laurent Descout, CEO and founder of Neo,, lists his forecast for the top six trends driving change in fintech in 2023. FX hedging will become a necessity for tackling market volatility “2022 saw market volatility increase and a prominent rise in the dollar’s popularity as investors rushed to purchase more of the currency due to the fear of a looming global recession. As the dollar increased in strength, many US companies which trade overseas saw a drop in their earnings. The rise of the dollar has since subdued but currency markets continue to fluctuate. “The importance of locking in rates ahead of buying and selling goods and services…
Sopro, an award-winning email prospecting business has analysed over 15,000 campaigns and 50M emails in order to pinpoint the most fruitful time to activate your new business e-mail campaign. Data reveals that emails sent on Mondays at 11am will generate the highest lead rate from an email marketing campaign. More specifically, the email that lands at 11am on a Monday will need to be the third follow up to secure the most leads. The data also suggested that SMEs need to keep the email short and to the point with those less than 250 words being read and opened the…
Author: Charlotte Boffey, UK Head of Services for Employment Hero, leading HR and people management platform. Flexible working is more than laptops and Zoom calls. At its essence, it is the ability to have some control over when, where and how work gets done. This flexibility can manifest in many ways, from reduced working hours to choosing your own start and finish times. The UK government announced last week that it had plans to make flexible working the default and that employees could request flexible working arrangements from the moment they start a job. It also said about 1.5 million low-paid…