Change is Coming

With the news landing last month of the Government’s planned Employment Rights Bill and the recent budget update, firms will be working hard to drive their own efficiencies to meet the challenging times ahead.  Pending changes to employment policies and now with the added pressure of increased costs of National Insurance and increases to the National Living Wage, firms will need to be vigilant to ensure that they are keeping abreast of the many changes.

A pivotal number of changes including the pending removal of the existing two-year qualifying period for protections from unfair dismissal, introductions of statutory probation periods, day one rights for paternity, parental, bereavement leave and making flexible working ‘default’ are going to impact multiple functions of the business, including operations, finance, risk, compliance, human resources and strategy.  It can be difficult to know where to start and it’s important that firms implement their change management teams and processes to action the changes that are required.

Even with ‘Change’ being our domain, it can feel overwhelming as a small or medium sized enterprise (SME) to ensure that we are compliant with upcoming changes.  We will be creating a working group to ensure all the pending changes are captured and embedded into the business aligned to the specified timescales.

Firms must reassess their growth strategies by adjusting financial and operational models to align with the effects of recent budget and planned employment rights policy changes.

Below we have shown the areas that we will be looking at and the steps of change that we will be following over the coming months.

Impacted Areas

Stepping into Change

Contact us today to discuss how we can help you implement change in your firm.  We can assist with strategy and operating models, operational excellence, project delivery, testing and risk and regulation.

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