Business news

Are you working too much overtime?

Wed, 24th February, 2010 - Posted by Tamara Baranova - (0) Comment

A recent survey by Monster.co.uk asked just under 3000 people “Is overtime considered the norm in your workplace?”

56% find themselves regularly working extra hours for no extra cash. Only 25% are paid for extra work. Only 12% reported that overtime was the exception and 7% said that they were encouraged by managers to leave on time.

Pressures from the recession and the fear to lose the job when the unemployment rate is so high caused many people to work extra hours in the fear of being “replaced”. However, if you don’t have time for extra work – explain why you can’t do it or at least can’t do it within the proposed timescale. Be confident, sincere and calm about it. If you start sounding apologetic your colleagues could assume that with persistence or by ignoring your objections they get you to agree.

At the busiest periods in your business why not use a virtual assistant to help with the additional workload! You don’t need to “hire and fire” a VA all the time, compared with a temporary employee, spending time on training and hand over. A virtual assistant can be a great asset for any business which you can bring on board as and when required, for as many hours per day or per week as you see fit. A VA can help with general administrative duties and well as to cover the skills gap in the business – like updating the website, creating promotional materials, online marketing or book-keeping. If one of your executive assistants if on holiday or off sick, you don’t need to worry about sufficiency of cover provided by other PAs. Using a VA can provide all the support your executives need on a day to day basis.

Contact us now on 020 8144 4594 to find out more and for a free consultation.

Category : Business news

The hidden costs of hiring temps

Thu, 18th February, 2010 - Posted by Tamara Baranova - (2) Comment

Do you often find that you hire temporary staff in order to cover for a key member of staff (like executive assistants to MDs, office managers) or to cope during the extremely busy periods at work? If so, the new government announcement will have a major impact on your business.

Currently many employment law rights (the right to claim unfair dismissal, the right to a statutory redundancy payment, right to certain minimum periods of notice, etc) are only available to employees. However, the government has announced that it will implement legislation to give greater employment protection to agency workers.

The basic principle is that after 12 weeks work, agency workers should be entitled to equal treatment in terms of pay and “basic working and employment conditions”, compared to their colleagues who are directly employed or engaged by the hiring organisation (you).

So what does “equal treatment” actually mean? Under the draft regulations, agency workers would be entitled to equal treatment in relation to holidays, breaks, overtime, notice period, etc. Equal treatment in relation to “pay” would include basic salary plus other contractual benefits directly linked to the work undertaken by the agency worker. This covers holiday pay, payment for overtime, shift allowances, unsociable hours premiums. However, occupational social security schemes (such as sick pay and occupational pension rights) would be excluded. It is also proposed that from day one agency workers will have equal treatment to on-site facilities, for example, staff crèche, transport facilities, canteen.

Therefore if you regularly engage agency staff on engagements lasting for 12 weeks or more, you will need to review your policies to ensure that agency workers are treated in the same way as you would treat permanent employees.

New rules mostly likely will come into force after October 2011.

The difference between an agency worker and a virtual assistant after October 2011:

Agency Worker Virtual Assistant
Office space required? Yes No
Access to on-site facilities required? Yes No
Available long-term? Possibly, however after 12 weeks new pay&right rules will apply. Otherwise a new worker will need to be hired and trained. Yes, new rules won’t apply. No ongoing hiring and training costs.
Holidays, breaks, overtime required? Equal treatment as other permanent employees after 12 weeks. We will take breaks and holidays (we are all humans) however work will be arranged in a way that it will cause NO INTERRUPTION to your business.
Do you need to pay for holidays and overtime? Yes No, unless specifically requested and is part of the contract.
Category : Business news

Good news about job prospects

Wed, 10th February, 2010 - Posted by Tamara Baranova - (0) Comment

One fifth of people now believe job prospects in Great Britain will be ‘good’ or ‘excellent’ over the next twelve months. The latest Consumer Confidence Index, released by market research company Nielsen and the British Retail Consortium, shows an increase to 75 – a ten point gain on the all-time low of 65 in April.

While it is still weak compared with the figures two years ago, it reflects slightly more people feeling positive about job prospects and their own finances.Justin Sargent, managing director at Nielsen, said that when confidence picked up between April and June there was a tangible change in the UK’s mood.

While concerns about the economy and job security are easing, concerns over debt and work/life balance are increasing. Debt is currently the biggest worry for 15% of people, up from 10% a year ago. And, as the pressure over job prospects remains very real and people in employment work harder, there has been a big increase in the number of people feeling that their work/life balance is their biggest concern (from 4% in October 2008 to 9% in October 2009).

There is evidence to suggest that lifestyles and habits have changed for many people, with 70% claiming that they have changed their spending in order to save on household cost.

Category : Business news