3 Smart Moves For UK Businesses
There is no doubt that the COVID-19 pandemic has hit many UK companies hard over the last few months. The impact of lockdown measures on the UK business sector has been immense and seen many business owners look for ways to reduce their costs. As lockdown now begins to ease, UK firms are still in a tricky place as they hopefully start to recover.
If you are looking for a few smart moves you can make now to help protect your business, the below are worth thinking about.
Outsource Your Payroll And Other Key Services
One really smart tip for any UK business owner trying to cut costs is outsourcing. This can be done across many key business areas and help you to reduce your outgoings. One business essential that many outsource first is payroll. Using an external payroll provider saves you having to pay permanent members of staff to do it, which often can work out more expensive. Using an external provider also cuts back on associated staffing costs like holiday pay or sick pay.
Of course, if you outsource your payroll you will cut back on the amount of office space you pay for and also avoid the cost of investing in the right hardware or software for your own employees to use. Other areas where you can reduce costs in a similar way include IT and call handling.
Make Home Working The New Norm
During the COVID-19 pandemic, a large proportion of employees have been working from home. This not only has allowed staff to achieve a better work/life balance but also benefitted UK firms themselves.
Making the home office a permanent feature going forward will slash your costs on things like electricity and heating. It will also mean you do not have to shell out high rental costs on an external office to house employees.
Stagger Working Hours
As noted above, any smart moves you make now will help both staff and your business. Staggering working times is a great idea to think about introducing. It will help staff to feel safe as fewer people will be arriving, working and leaving at the same time. It is also a good move in a business sense.
By staggering working hours, you can cut back on how much energy your business consumes as not everyone will be using it all day, every day.
Professional Payroll Outsourcing With eSlip Payroll Services
If you want to cut back on how much your business is spending, outsourcing your payroll is a great place to start. This can really help your business move forward after a very tricky time and get back on a sound financial footing.
Get in touch with eSlip Payroll Services today on 01279 851000 to find out how we can help, or click here to make an enquiry.
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