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Are this years investment trends a worry or an opportunity?
Magic Sauce
There’s a rise in crowdfunding activity and venture debt based on what I’m seeing at the moment, so I thought I’d try and put a high level view of what’s going on into our blog. This is based on what I’m currently seeing through social media, early data and the various fora and social media platforms I devour daily.
Angels, SEIS and Crowdfunding
We’re already hearing that SEIS investments prior to the tax year end are likely to be lower this year by double digits than last year. The murmurings are that fewer Angels are parting with money at the sharp end of the tech startup landscape with SEIS as the major incentive. We should see that confirmed in the new tax year, but what worries me most is that it may give the UK Government an excuse to scrap the scheme saying that use is declining and thus there’s less interest in it.
Part of this can probably be explained by the rise in “retail” investing (crowdfunding) through the likes of Crowdcube and Seedrs. I’ve never seen so many companies successfully raise through crowdfunding and the trend seems set to continue.
The attraction is that you can bet lower amounts across a greater range of companies and the user journey for this is simpler than scouting for startups, doing the due diligence yourself and getting yourself involved in the startup directly. My own bit of amateur psychology tells me that a proportion of investors will feel good investing in a number of startup at lower stakes too because it means they’re reaching more people (and at the end of the day, most Angels like to help startups and pay it forward).
The surprising downside to all of this is that the likes of Seedrs and Crowdcube are struggling as separate entities. That tells us that they haven’t quite worked out the right business model yet, or they’re just not profitable entities. Either way, the rise of crowdfunding seems set to continue unabated (and someone will no doubt hit the right business model with the number of crowdfunding platforms that are joining the ecosystem).
Another downside is that part of the excitement of Angel investing is linked to that involvement (no matter how small) that you could have a direct impact upon the early success of a startup.
The upside of crowdfunding to a startup is that if you have some early indications of interest from investors and you think there will be sufficient interest to complete the round using a multitude of smaller batch investors then you could be onto a winner. Could be super useful in attracting interest and customers too.
Downside is that you do have to have a budget for a decent video pitch and you need to get your proposition looking slick (with all of the other stuff like financials, go-to-market plan, etc., ready that you’d need for pitching rounds to Angels or syndicates).
VC’s and Debt Funding
VC’s seem to be experiencing a bit of a deal flow lull at the moment and as much as that seems odd, it’s not entirely unexpected.
More and more growth stage businesses seem to be more attracted to the non-dilutive and easier to obtain venture debt. We probably won’t see data on this for some time, but there are more and more stories appearing on those £/$2m+ raises that scale ups and later stage startups are turning to venture debt as a means of raising the money they need.
The upside for a growing company is that it’s fairly easy to obtain, you spend less time “pitching” for money, and it’s based on your results & forecast metrics. You’ll probably get a lot longer to pay it off and that debt can grow with you if you’re on a mega-growth curve.
Downside is that you’re likely to miss out on some of the “smarts” that come with VC funding from the right people (and in the past, more favourable valuations). You also have to factor in the debt repayments as far as your forecasts go.
So..
It’s no bad thing, this variety of funding.
There have been accusations that with a lot of VC’s working on referral only business and operating at arms length from the people they’re meant to engage with that just like any market, they’re ripe for disruption. For the last few months, the scouting networks of some of the more nimble VC’s and micro-VC’s has grown and they’re looking to dip into the shallower, early years end of the pool. I just hope they don’t bring the restrictive terms of higher investment levels down to pre-Seed levels.
The market has probably led the change to more retail investing so people can take less risk at Angel investment levels and operate in a large herd to enhance survival rates and chances of success.
What the Venture debt vs Venture Capital debate does do at scaleup levels is offer a broader range of options, and provides other options for growth capital that weren’t on offer in such abundance previously. It will be interesting to see if all of those venture debt lenders are able to offer the kind of board expertise or advice those scale ups may need to get to an IPO or substantial exit.
What the rise in Crowdfunding offers is again another avenue for startups to gain investment at an early stage. What we are in danger of losing is direct involvement from successful ex-entrepreneurs who could add so much advice to early stage businesses.
If we could see a little more of what the ex-Revolut guys have done in kicking off Expansion Capital it would give heart for the future that we could see SEIS funds being built and managed by ex-entrepreneurs that could give that advice and focus to the next generation of tech superstars.
In the UK, the Government’s Future Fund may have had an effect on early(ish) and growth stage tech startup funding needs too, but it’s too early to tell.
What is certain is that the first cheque is harder to get than ever for tech startups, so even if it is easier to shop through startups on a platform, look for something exciting you can help and play a part in rather than just being number 123 on the Shareholders Agreement. I’m not saying you shouldn’t have a punt, but do get your hands dirty too. Founders need you more than ever.
Beauhurst have put together some data based on last year’s figures for the UK with commentary on what to expect going forward here.
I’d love to hear your own thoughts, so please join the debate.
Finally
While you’re here, I’d also like to invite you to complete a survey by Beauhurst on potential changes to Capital Gains Tax/Disposals that would directly affect investors and entrepreneurs. You can find the survey here. There is talk that instead of paying around 30% tax on disposal of shares (or a company), that you’d lose up to 45%. Have your say in the survey. We don’t need to make investing or starting up a company any less attractive.
A linguistic misunderstanding created much amusement over the weekend – and a memory to treasure too. My daughter had asked my husband: ‘What do you want for your birthday?’ ‘A lie-in,’ he’d replied, with the weariness of one who hasn’t slept properly in five years. Later, I asked her: ‘What do you want to get Dad for his birthday?’ ‘A LION,’ she replied, confidently.
When I’d finally stopped laughing, having watched him open his cuddly new lion with an air of bemusement, one thought struck me and stayed with me. Her complete lack of judgement. My daughter didn’t question or challenge her dad in his request, she didn’t ask him if he was sure, she didn’t wonder if she’d misheard. She simply accepted that this was his choice and it was not for her to project her own prejudices or beliefs onto his decision-making.
I don’t know when we become more judgemental, when we become weighed down by expectations that can limit our openness. But what I do know is that non-judgement enriches the experiences we have, frees us up to find new solutions, and empowers us to follow our goals and ambitions.
Non-judgement is an important factor in engaging people. After all, the very act of asking people what they think and feel shows that we are not relying on our own perceptions and understanding – we are opening the question up to gain that insight, trusting in the experiences and knowledge of others. When we are engaging people, how we ask questions is important too: the more open we can be, the less we shape the direction of travel of the feedback we get. And, then to paraphrase George Michael, listening to others – our staff, customers, partners, stakeholders – without prejudice. This can be trickier, but when we free ourselves of expectations, and disassociate personally from what we are being told, we can learn so much.
And this can lead to real innovation and creativity. When we ask, listen, and learn without judgement, we can do great things. We can shape new ways of doing and working – things that we might not previously have envisaged.
But perhaps where we use judgement most is with ourselves. How often do we think ‘I’d like to….’ but before we get any further throw a great big ‘I can’t’ in our way? How frequently do we stop ourselves taking a step forward towards our goals, our ambitions – our dreams – because of our own thinking errors, hurdles at which we stumble? How many times have we been offered an opportunity but said ‘no’ because we judge ourselves with limiting perceptions?
And it’s not just the judgement we use with ourselves. It’s the perception of how we might be judged: ‘what will people think?’ The fact is people aren’t probably thinking what we imagine them to be, and besides, what does it matter anyway? And yet, we let their perceived judgement stop us from taking a step forward.
Through non-judgement, we can hear more, see more, learn more, and enjoy richer, different experiences – and perhaps we can achieve the dreams we aspire to too.
And maybe, because of non-judgement, we can end up with a birthday present that we never knew we wanted, but which could not have been any more perfect.
Getting a good night’s sleep is one of my favourite subjects, in fact at the Yes Group Norwich talk I did way back in January, I inadvertently turned it into a Stand-up Comedy act. But there is a very serious side that we just don’t pay enough attention too. Lack of sleep in the short-term will lead to mood swings, lack of concentration, mistakes, lack of energy, headaches, general fuzziness and poor decision making, to name a few. In the long-term, it’s a big risk factor in many major diseases, from Type 2 Diabetes to heart conditions, to many cancers. Basically, we need to give our body and brain a chance to rejuvenate and recharge. Generally, we all (adults) need around 7-9 hours. I challenge anyone who says they need less. You might get less and think you are OK, but you are not, trust me.
But enough of the science lesson. What I want to talk about today is the inevitable disruption we all had in our sleep during the early part of the pandemic. With increased stress, anxiety and uncertainty and a big change in most people’s routines, it’s no surprise we all suffered. Even The Sun is reporting on How American’s lost sleep.
How has your sleep been lately?
But personally, I noticed how well I’ve been sleeping lately. I wondered how you were feeling? Are you getting a better night’s sleep than you did? I’ve asked a few clients and colleagues and generally to consensus is the same. It’s like our body and minds are playing catch-up. We need it, and when we do, mother nature has the amazing ability to make things happen.
If you are still struggling to get a good nights sleep, then all is not lost. Try these simple sleep routine and good habits to try to get back on track from Matthew Walker, first published at fastlifehacks.com (He’s a pretty big deal in the sleep world).
1. Stick to a sleep schedule
We should aim to go to bed and wake up at the same time each day. People generally have a hard time adjusting to changes in sleep patterns. Unfortunately sleeping late on weekends doesn’t make up for poor sleep during the week. If necessary, set an alarm for bedtime. Matthew emphasizes this is the #1 priority from the list; stick to a regular sleep schedule.
2. Don’t exercise too late in the day
Exercise is great, and we should try to exercise at least 30 minutes on most days. But try to time it no later than 2-3 hours before bed.
3. Avoid caffeine & nicotine
Colas, coffee, teas (that aren’t herbal) and chocolate contain caffeine, which is a stimulant. Even consuming these in the afternoon can have an effect on your sleep. Nicotine is also a mild stimulant, and smokers will often wake up earlier than they would otherwise, due to nicotine withdrawal.
4. Avoid alcoholic drinks before bed
The presence of alcohol in the body can reduce your REM sleep, keeping you in the lighter stages of sleep.
5. Avoid large meals and beverages late at night
A lights snack before bed is okay, but a heavy meal can cause digestive issues, which interferes with sleep. Drinking too many fluids can cause frequent awakenings to urinate.
6. Avoid medicines that delay or disrupt your sleep (where possible)
Some commonly prescribed heart, blood pressure or asthma medications, as well as some over the counter and herbal medicines for coughs colds or allergies, can disrupt sleep patterns. If you have trouble sleeping, it may be worth speaking to your doctor or pharmacist to see if any of the drugs you’re taking may be contributing to this. It may be possible to take them earlier in the day.
7. Don’t nap after 3 pm
Naps are great, but taking them too late in the day can make it hard to fall asleep at night.
8. Make sure to leave time to relax before bed
It’s important to have time before bed to unwind. Try to schedule your days so that there is time to relax before bed.
9. Take a hot bath before bed
The drop in body temperature after a bath may help you to feel sleepy, and the bath can help you to slow down and relax before bed.
10. Have a dark, cool (in temperature), gadget-free bedroom
We sleep better at night if the temperature in the room is kept on the cool side. Gadgets such as mobile phones and computers can be a distraction. Additionally, the light they emit, especially the blue light, suppresses the secretion of melatonin. Melatonin being a hormone that regulates sleep/wake cycles – with it increasing in the evening to induce sleep. There are things we can do to reduce the blue light at night:
A comfortable mattress and pillow can set you up for a good sleep. Those with insomnia will often watch the clock, turn it away from view so you don’t have to worry about the time while trying to sleep. Use these tips to optimize your sleeping space.
11. Get the right sunlight exposure
Sun exposure during the day helps us to regulate sleeping patterns. Try to get outside in the natural sunlight for at least 30 minutes per day.
12. Don’t stay in bed if you (really) can’t sleep
If you find yourself still in bed for more than 20 minutes, or you’re starting to get anxious in bed, get up and do something else until you feel sleepy. Anxiety whilst trying to sleep can make it harder to fall asleep
I believe the key to successfully delivering a safe highways project is by fostering a sense of community and trust amongst the whole team, and ensuring everyone on site – from operational lead to the smallest subcontractor – feels empowered to make a difference.
On any sized project, it is possible for an individual or team to underestimate their own importance to its ultimate success, and for other members of staff not to appreciate how pivotal each of their colleagues is to its efficient day to day running when creating a safe environment.
If a member of the team is relatively new, or doesn’t work in a ‘senior’ role, they may not feel confident enough to speak out if they see activity taking place which they perceive as being an unsafe action or condition. When working on a project, it can perhaps be intimidating to be the one person to put their hand up and say that something doesn’t look or feel right.
In order to counter this, we use a number of techniques, including the recent introduction of ‘Safety Empowerment Cards’ on a pilot site. This provides every worker on site – whatever their job title or length of service – with the ability to halt an operation that they think is unsafe or has the potential to put colleagues at risk. This is a simple but effective way of instilling responsibility and power into the individual. While the cards have only been used on one site to date, their success means we are currently looking into rolling them out at projects across the country. We have found that the Safety Empowerment Cards are also a great way of showing new recruits that they are trusted members of a team.
When people start a new job, it is vital for both employer and employee to make a good impression, as this will set the scene for the future working relationship. One innovation we’ve implemented is the translation of our induction boards and signage into languages such as Punjabi, Romanian and Polish. On some projects information can also be accessed through a QR code on the boards, and we are considering rolling this out on a wider basis. While this may seem an obvious use of existing technology, it has not previously been implemented in this way and it has proved invaluable both in providing a warm welcome to new members of the team, and to impart essential details about health and safety. Other documents and videos are also translated where appropriate, and we have similarly created stickers for workers to wear identifying themselves as able to translate certain languages if required. We have also made good progress in increasing the use of graphics rather than the written word in on site literature – another simple but effective way of enhancing awareness of safety risks.
We also use QR codes for easy access to our Positive Intervention app which allows any individual to feedback on good practices or areas for improvement. This means we are able to receive input by our own employees, supply chain and other individuals who contribute to the sites day to day running.
Empowering the individual is key to staying safe, and activities like those previously described are instrumental to letting staff know that their voices will be heard and ideas or concerns acted upon. Another way we instil this in our operations is through our Views of Operatives in the Construction Environment initiative – also known as VOICE.
This is a feedback tool we’ve developed over many years that is aimed at ensuring everyone on site feels they have a real input into the day to day operations. VOICE sessions take the form of relaxed get-togethers on site rather than in a boardroom, which we feel provides a more relaxed environment to make people more confident to voice their opinions. During the VOICE sessions, the agendas and resulting outputs are set by the nominated reps, meaning the items discussed and acted upon are driven by the staff. The agreed outputs are then published on “You said – We did” boards across the site in question to ensure everyone is aware of what action has been taken.
Historically, some organisations have paid lip service to employee involvement and engagement but for us it is an essential tool to improve safety and the ultimate quality of the projects we deliver. As a result of VOICE feedback, we have made various adjustments to our operations, including things as specific as improved head torches, to increasing the number of mental health first aiders; as well as introducing wellbeing additions such as providing vending machines, installing more cycle bays and helping community projects.
A big part of our ongoing improvement over the last few years has been the further refinement of our senior management engagement and the introduction of engagement discussions that use themed ‘grab cards’, which are delivered in the field and provoke healthy debate. The idea of the engagement discussions was informed by guidance from our operatives and supply chain teams, who advised people felt a lot more comfortable and at ease having discussions on their own patch. A wide range of issued have been discussed during these sessions, including risk perception, mental health and the people plant interface.
Our teams have risen to the responsibility we’ve given them to help improve safety on site, and it is important to recognise their continued contributions. Individuals whose commitment to health and safety goes above and beyond are rewarded with a monthly cash prize and donation to a charity of their choice, while there are on the spot canteen vouchers handed out as immediate recognition for exemplary behaviour. While our approach to safety incorporates new technology and advanced thinking, it would be remiss to overlook the continued power of a genuine thank you.
A number of years ago I was also extremely proud of being involved with the development of the HSE Leadership and Worker Involvement Toolkit (LWIT). Its creation was informed by a lot of research and learning from key industry figures – its use at Morgan Sindall Construction & Infrastructure has had a very positive impact on our work and I would encourage my colleagues across the industry to include it in their own health and safety provisions and promote it within their supply chains, especially given the amount of advice and free resources in there.
Everything that I’ve described has been an important change that improved both safety on site as well as the service we are delivering to our customer, and we continue to encourage our teams to keep us updated on any further interventions that may be required .Highways projects are often vast undertakings that rely on hundreds of workers across different shift patterns, and it is ultimately the collective team effort that will result in a safe and successful project – but what drives the team forward is the knowledge that each individual’s opinion is valued and listened to.
Supporting businesses and people to maximise their shared potential
The Engineering Success Talent Sharing Platform (TSP) is part of a 2-year project led by the New Anglia Advanced Manufacturing and Engineering group (NAAME) and the Cambridge Norwich Tech Corridor. The project is funded by the New Anglia LEP and set up to support engineering and manufacturing businesses across Norfolk and Suffolk, and beyond.
The TSP was created in response to a request from regional businesses to be able to effectively ‘share’ their staff during quiet periods or to co-employ niche expertise that may not be required on a permanent basis by an individual company.
The platform was also created to help retain skilled workforce within the region and the sector if there is a downturn in work by one specific employer by enabling permanent redeployment of staff.
The platform is B2B only and is designed to make the supply and demand for workforce visible to users of the platform, to connect businesses with matching needs and enable discussions about the potential for permanent redeployment, long and short-term temporary sharing of staff.
The Covid pandemic has meant that many businesses across the region are experiencing a downturn in workload whilst several businesses have seen increased demand. The TSP can be used to address an immediate need to reduce or increase staff or as a tool to prepare for changes in workload over the coming months.
Talent Sharing Platform (TSP)
The TSP was created in response to a request from regional businesses to be able to effectively ‘share’ their staff during quiet periods or to co-employ niche expertise that may not be required on a permanent basis by an individual company.
The platform was also created to help retain skilled workforce within the region and the sector if there is a downturn in work by one specific employer by enabling permanent redeployment of staff.
The platform is B2B only and is designed to make the supply and demand for workforce visible to users of the platform, to connect businesses with matching needs and enable discussions about the potential for permanent redeployment, long and short-term temporary sharing of staff.
The Covid pandemic has meant that many businesses across the region are experiencing a downturn in workload whilst several businesses have seen increased demand. The TSP can be used to address an immediate need to reduce or increase staff or as a tool to prepare for changes in workload over the coming months.
How could the TSP help my business?
If you are considering making redundancies, you can utilise the TSP to identify new employment opportunities for your staff. By redeploying staff at risk of redundancy to a different business we avoid the risk of losing skilled people from the region or the sector.
If you have a potentially temporary surplus of workforce, the TSP can help you identify other regional businesses with a similar skills requirement who are interested in taking on your staff through a temporary secondment arrangement. By redeploying staff through secondment (rather than making redundancies) you can avoid redundancy costs and the costs of recruiting new staff when work picks up.
If your business is experiencing a temporary skills requirement, taking on workforce from a neighbouring business in the region on a secondment could be a cost-effective, low-risk option to recruiting new staff or taking on a contractor.
Even during ‘normal operations’, the TSP offers an opportunity to save on staff costs if your businesses is experiencing a degree of seasonality or fluctuating workforce requirements. The platform can match you with a business with a similar skills requirement who can utilise and pay for your staff during a quiet period.
In the long term, an ongoing sharing arrangement with another regional business may enable you to use fewer costly contractors/agency workers by instead sharing a few members of permanent staff.
If your business could benefit from a skillset but do not have enough work to justify a full-time, permanent position the TSP can help you identify regional businesses with a similar requirement to help you agree a sharing arrangement up front as you start recruitment. This way, businesses can share the risk and cost of taking on new staff and potentially access skills and expertise which would otherwise be outside your ‘price range’.
How does the TSP work?
The Engineering Success TSP online portal is currently under development and due to launch late October. The portal is free and will be open for NAAME businesses to register their workforce requirements and/or any surplus workforce they would like to second or redeploy.
In the meantime, the Engineering Success team is working with businesses across Norfolk and Suffolk to identify opportunities for sharing and helping to ‘manually’ match businesses with workforce requirements with those looking to scale back staff permanently or temporarily.
If you have an immediate need to reduce or increase staff or you think you might need to make changes as e.g. the furlough scheme comes to an end, please get in touch and we can have a conversation about how the platform could support your businesses.
If you are interested in just finding out more about how the platform works, please get in touch.
Interested in the Talent Sharing Platform?
Are you interested in the Talent Sharing Platform? Want to find out more about the project and how it could benefit your business? please register your interest below.
During the pandemic, many employees have had questions about their Employment rights in relation to zero-hour contacts.
Employment Solicitor, James Conley, reviews frequently asked questions surrounding financial support employees with zero-hour contracts are entitled to, including sick pay and annual leave.
Q1. What would be considered a zero-hour contract?
A zero-hour contract is usually considered to be a contract of casual employment which guarantees zero hours of work to the employee. In return, there is no obligation on the employee to accept work when it is offered to them.
Zero-hours workers are entitled to statutory annual leave and the National Minimum Wage in the same way as regular workers.
Q2. Are employees on zero-hour contracts entitled to sick pay?
Casual workers will be entitled to SSP so long as they: 1) have a period of 4 or more days off; 2) they earn more than £118 per week (before tax as of March 2020) from one employer and; 3) as long as their earnings are liable for Class 1 National Insurance contributions.
Q3. What annual leave are employees on zero-hour contracts entitled to?
Casual workers are covered by the Working Time Regulations, meaning they are entitled to 5.6 weeks paid leave per year. Due to the fact that casual workers tend to have irregular patterns of work, their holiday entitlement is calculated at 12.07% of the hours worked. The amount of holiday pay they receive, will also be taken from the average weekly pay over the previous 12 weeks.
Q4. Are employees on zero-hour contracts allowed to work for another employer?
Yes, employees on zero-hour contracts can work for as many different employers as they choose.
Q5. What financial support is available for employees on zero-hour contracts during the pandemic?
Casual workers are entitled to be furloughed in the same way that other employees are. This means they can receive 80% of their wages (up to a maximum of £2,500 per month).
The Steeles Law Employment team has been sharing practical tips, legal updates and industry insights related to the Employment sector. See the news page links below for more information:
As the Government announced plans for a third National Lockdown throughout England, businesses will be reassessing their work from home procedures as several businesses will need to remain open.
However, there will be employees that cannot attend their place of work or work from home who are classed as vulnerable and will now be receiving notification from the NHS to shield.
Employment Lawyer, Denise Traube has already had several questions raised from concerned employees and HR managers requesting guidance on the extra steps they should take for anyone in their workforce who is vulnerable to coronavirus, are being advised to shield or have childcare responsibilities but cannot work from home.
Employees who must Shield
If an employer is unable to find an alternative role that is suitable for the employee to undertake from home, then the employee should not return to work until it is safe to do so. In these circumstances the employer has two options, to put the employee on furlough leave or for the employee to go on sick leave and claim either company sick pay (if entitled to company sick pay) or statutory sick pay. Other finance options may be available to the employee: Test and Trace Support Payment, New Style Employment and Support Allowance, Universal Credit or Pension Credit.
If the employee is not entitled to furlough leave and must go on sick leave, a shielding note or letter from their doctor or health authority advising them to shield is sufficient for them to claim statutory sick pay.
An employer must take a vulnerable employee extremely seriously. Amongst other claims, an employer could be at risk of discrimination claims if an employee is deemed to have a disability under the Equality Act and they are put at a disadvantage because of their disability.
Childcare responsibilities
In the government’s latest announcement, the schools are closed until at least Monday 15 February 2020 (which the exception of those children’s parents who are essential workers). This does cause problems with parents who cannot work from home but have no childcare.
Therefore, an employer has the following options:
Furlough Leave – this is available in several situations including people who must stay home because they have childcare or other caring responsibilities resulting from coronavirus.
Flexible working – an employer may be able to agree with an employee that they can work more flexibly at times to suit the employee or agree to a temporary reduction in hours.
Unpaid leave – if an employee is unable to be furloughed or work flexibly, they could seek unpaid leave.
In both cases of shielding and childcare issues, an employer may prefer to agree to furlough leave with the employee. There is no disadvantage to the employer and is more advantageous to the employee and their wellbeing.
As social media platforms lit up after the announcement last night, Monday 5th January, Martin Lewis tweeted ‘If you cannot go to work due to childcare responsibilities, then we have it confirmed this is a reason you can be furloughed. It is desirable, though not compulsory for your employer to do it’. Denise commented on the statement saying ‘I agree that employers and employees should work together to find a mutually beneficial way forward in these unprecedented times to protect staff who need to shield. Using the furlough option rather than enforcing sick pay will not affect the payments from the company but will support vulnerable employees creating goodwill in the workplace’.
In December, Rishi Sunak, the Chancellor of the exchequer announced that the government’s furlough scheme would be extended until 30 April 2021 and an eligible person’s employer can claim 80% of an employee’s usual salary up to a maximum of £2,500 per month. For further information, you can visit the government’s website here: https://www.gov.uk/government/news/chancellor-extends-furlough-and-loan-schemes
If you would have further questions regarding any of the points raised in our article, or you wish to speak to a member of the Employment team, please do not hesitate to call 01603 598000 or email employment@steeleslaw.co.uk. Appointments are available at our Norwich, Diss and London offices or your offices by appointment.
*The information provided in this article is designed to provide useful information on the subject, not to provide specific legal advice.
In the world of software we love a problem. To be honest the more complex it is the more we like it. Not because we are nasty people who relish in the misfortune of others, it is simply the fact that a problem has a solution. Find that and the problem becomes an efficiency. We operate in the very real world of saving money and making money.
Software is what is used to solve the problem once the problem has been fully investigated and understood. Take for example a recent project which is by no means unusual
Client X had some problems and the problems were costing them a lot of money. Now the client had become used to this so, to a certain extent, this was the expensive status quo that they lived with. They had spoken with some large enterprise software companies in the past and the quotes were frightening and involved business wide system replacement.
We met them and discussed the options that were available with their exisiting systems and the opportunity to develop software that connected their best of breed individual platforms and made their process seamless and not clunky as it was. The cost was fractional compared to previous market reviews and solved more problems than they were considering with system wide changes.
Not only do we really enjoy this work at Purple Tuesday we are also very good at it. We experience a lot of organisations that need efficiency through software that either cannot find or cannot afford the solution that is holding them back. We can also fund projects too so even spending hard earned capital needn’t be a barrier to progression.
There are countless examples of bespoke solutions that can be developed to drive efficiency in manufacturing organisations. A likely pinch point is where a system has a break in it where human intervention is required which may feature between a factory line, a CRM, an accounting system point of sale and so on.
Your problem may not be such a big issue after all and it may only take you a chat and a tea to discuss that.
For many employees, working from home will be an extension of normal working patterns – whilst for others, it will turn everything they know about work completely upside down. And likewise whilst many will find the assimilation between home and work life easy, for others it will be a much trickier transition.
And so, we need to be attuned to our people’s needs and the external and internal factors which will be impacting upon them. This will be logistical things – such as balancing looking after children whilst juggling workload as well as emotional challenges: fear, worry, dread, sadness, all these feelings which this period in our lives keep throwing up. Here are some principles that can help us to stay connected and engage our people when we are working apart in this difficult time:
1. The first thing is person before task. However herculean our efforts might have been to maintain a level of service during this time, we cannot pretend that this is ‘business as usual.’ And so checking in with how people are feeling, how they’re doing, before conversations about the job in hand is vital.
2. Offer support. And with checking in it is important to know what support you can offer to someone who might be struggling either logistically or emotionally, whether that’s access to a helpline, or helping out on a task.
3. Give choice. We know that in all of our engagement activities, people respond to different methods and approaches. Although the conduits for communications open to us might have reduced somewhat, we can and should still give choices. Skype? Telephone? Zoom?
4. Manage expectations. We can do this through setting time aside for catch-ups, diarising these and sticking to them wherever possible. This will help to give some structure and focus for the employee, and maintain a level of normality in an ever changing sea of change.
5. Look for opportunities to connect. Wherever possible, keep the connection open between teams and with the organisation. Many people may find it isolating to be working remotely and so look for ways to remind people that they are part of something bigger – that they are not alone, even if physically they are. And, this could have a social element to it too – Zoom quiz anyone?
6. Show appreciation. And more of it. Let people know that they are doing a good job even if it’s what they would describe as ‘just my job.’ With distance and in a climate that can feel overtly negative, people need to hear messages of positive reinforcement more than ever. And, make this recognition authentic and frequent.
7. And finally, and perhaps most importantly, show trust. This should be a fundamental strand to our engagement with remote workers. Show people that you trust them to do their role through setting clear objectives, being available to offer support, then letting them get on with it. Indeed, a concern around being mistrusted may be even driven by the employees themselves, keen to demonstrate that they are still working hard in the unusual confines of their home. We absolutely need to let people know that we trust them as they settle into this new way of working.
The seeds we sow now with our people, in these terribly difficult circumstances we all find ourselves in, will blossom when life has reverted to some normality – whatever that might look like. And whilst distance might keep us remote from our staff, how we engage can in fact create closer connections.
These last few months have seen innovation and adaptation on a grand scale. Who would have thought, in those hazy days B.C. (before Covid), back at the very start of the year, what changes we might see?
These last few months have seen innovation and adaptation on a grand scale. Who would have thought, in those hazy days B.C. (before Covid), back at the very start of the year, what changes we might see?
In just six months, companies have evolved in ways perhaps not previously conceived: who would have thought that getting whole or even partial workforces operating remotely might have been possible? Or moving a whole business online to allow it to continue to trade? Or hosting entire conferences on Zoom? Or diversifying a product to meet the needs of people and society: I’m thinking, for example, of those manufactures who switched up their production to deliver much needed ventilators.
Wherever we go, we can see evidence of this ability to adapt. The screens, the sanitiser, the signage, the posters, those brilliant domes that allow people to dine outside in pods.
And then there’s us as individuals. The mask-wearing, the distance-keeping, the virtual-socialising, the reaching-out with care and support. People have been doing incredible things during these last few months to support each other, delivering efforts that have made a difference for family, for neighbours, for communities.
What these last few months have reminded us is that people are amazing. Not just in our ability to respond and adapt to the slings and arrows that life has hurled at us, but in our capacity to withstand such like. We are innovative, we are resilient.
And yet, if we had been asked if we could do all the things we’ve done a year ago, even less, our answer, I suspect, might have been very different. ‘It’s not possible.’ ‘We can’t do that.’
But we can do that. Circumstance has forced us to be creative, to find solutions, to make changes – wholesale in some cases. And look at what we have achieved.
And so, when I think about what we take forward from this time, I fervently hope that it is self-belief. I hope that we have come to realise the true extent of our capacity and our abilities and that when we focus on our goal, we really can achieve it. I hope too that we come to see the barriers that might have held us back from pursuing new ways of working, of progressing, of developing are there to be removed.
Because one day this will be over and I hope that what is left behind is that belief in ourselves which will provide the catalyst for so much more creativity and innovation. As the saying goes: believe in yourself and you’ll be unstoppable.
Employer Training Incentive Programme (ETIP) is a delegated training grant programme, aiming to assist Norfolk SMEs (less than 250 employees) in sectors that have been most effected or highlighted by COVID-19.
Businesses, including self-employed business owners, will be able to use the grant to increase their employees’ skills level whilst supporting the diversification, growth or survival of the organisation.
· The scheme can fund up to 75% of their training costs, maximum of £1500 total grant value per business (£2000 total training cost)
· There is no maximum of employees that can take courses from each business, or how many different courses an individual can take, as long as it meets the training objectives to enhance productivity, efficiency or effectiveness of the business, and be proven to assist with employee retention
· It can fund both accredited and non-accredited training up to Level 3, or modules thereof. It can fund mandatory training and online-only training
· It must be delivered from a UK organisation, using a local trainer (where possible)
It is targeted towards businesses in the following sectors:
Businesses that can demonstrate that their work supports those highlighted above, such as distribution networks and warehousing.
The options are wide-ranging and employers will need to identify the training need for their businesses and identify their training provider. Businesses will be provided with a portfolio of suggested options and guidance, and will be supported by an ETIP Business Engagement Officer should they require any assistance, or in some cases their training provider could apply on their behalf.
The ETIP Grant is aiming to:
support SMEs looking to diversify or tap into the local supply chain
allow businesses to retain & upskill employees that may otherwise face redundancy, protecting jobs
incentivise rural businesses to adopt digital technology in any area of their business, or embrace digital marketing
allow businesses to train new managers and new employees, or those coming from other parts of the business
offer support around workstream, HR and systems management
training of those new to the digital environment
training in agricultural and food technologies
Some ideas of the training it could fund:
Sales and marketing courses
Digital marketing and social media training
Business coaching
Modules of ILM Level 3 Leadership and management
Food hygiene certificates and Covid specific hygiene courses
Welcome Host/World Host – Customer Service Training
Training in HR or people management
Mental Health First Aid – Levels 2 and 3
Advanced Food Hygiene, Allergen Management
supply chain management
Team Leaders courses for those picking or packing food, particularly for those who have moved into the agricultural sector during lockdown/border closure
Training in Accountancy Packages, EPOS systems and specific programmes
CPD for chefs and cooks
50% of the total training cost is paid in advance of training, with 25% paid on completion and evaluation. A contribution of 25% is required from the employer.
Training must be used to enhance productivity, efficiency or effectiveness, and be proven to assist with employee retention
There will be a simple application, with a quick decision
