Top People Priorities for Business Owners in 2016
Now that the dust has settled on the new year, it’s time for many leaders to get back to business and start creating their 2016 success story. You’ve hopefully spent January gearing up for the year ahead, setting goals and motivating your teams to achieve them.
Hopefully some of your goals relate to managing and developing your team, and that some of them will include the considerations in this blog. In the blog I have outlined the questions that you need to answer, discuss with your teams, and use to ensure that you’re really prepared for the challenges that 2016 will bring.
Are your staff looking for new opportunities?
Many people find themselves contemplating their careers at this time of year. If they’ve been stagnating for quite some time, or they feel like chances have passed them by previously, then it’s around about now that they’re likely to decide that they want to do something about it.
This could mean a couple of things for your business. On one hand, it could present the opportunity for you to develop your staff and encourage them to take on new, value-adding tasks. On the other hand though, it could mean that they’re starting to look outside of your business for better conditions and pay. Be mindful of the impact that this could have, and work out your plan of action.
How can you use renewed motivation to improve profits?
If your workers are eager to get stuck into new challenges, then it makes sense to embrace this. Your employees might be keen to develop their skills, as we’ve already touched on, and savvy leaders know that this needs to be harnessed. Of course, it’s also worthwhile noting that there are still three months left of the financial year, and what you do now could make a big difference to overall results.
Could you roll out new projects that you’ve had on the back burner for a little while? Are there easy wins that you haven’t yet tapped into, that could have a fantastic impact? How can you take advantage of New Year excitement and motivation to breathe new life into your business?
Are you ready for legislative changes?
Employment law is changing all the time, and generally speaking, this is a positive thing. Legal systems can ensure that you’re keeping your practices up to date, and that you’re creating a business that has an outstanding reputation when it comes to how it handles and develops its workforce.
It’s important though that you stay on top of any changes, and make sure that you’re compliant. There’ll no doubt be developments that will have an impact on your policies over the next 12 months, and preparation is key. Pinpoint any new legislation that you’ll have to account for, and start planning your approach. You may need to update your policies, and arrange for consultations and communication drives with your staff.
January is a busy time for everyone which is why I have delayed this blog until now in the hope more people will have time to read it. Business owners will have their own unique challenges and considerations. What you do now has the power to make or break your 2016, so don’t bury your head in the sand.
Do you think that this could be the year that you decide to get a little bit of help with ensuring that you’re prepared for success, and fully compliant with your responsibilities? If so, we’d be delighted to help. Get in touch today for an initial consultation to discuss how we could play a part in your business achievements on 01536 215240 or email email@example.com