Small business – Severn Valley Business Group
 

Tag: Small business

Assessment

Good health and safety at work is important not only in human terms, to help reduce workers’ pain and suffering. It is also a way of ensuring that enterprises are successful and sustainable, and that economies thrive in the long term.
For most enterprises, simple cost benefit analysis will not be necessary or appropriate in this area. Businesses have moral Occupational Health & Safety obligations, as well as legal and financial ones. It is impossible to quantify costs such as suffering in monetary terms.
Nevertheless, there are quantifiable costs and benefits involved in OSH, which businesses should be aware of.

Getting Health & Safety Right!
For enterprises, good Health & Safety helps to:
• enhance ‘brand image’ and ‘brand value’ as a socially responsible business (which may affect investors’ decisions)
• reduce absences and increase the productivity of workers
• increase motivation and the commitment of employees to the business
• reduce business costs, such as insurance premiums, and business disruption
• enable enterprises to meet and exceed customer expectations.

Getting Health & Safety Wrong!

If businesses get Health & Safety wrong, the costs of accidents and ill-health can be substantial.
For the individual, there are the costs of care, loss of earnings etc.
For businesses, disruption, claims for damages, loss of goodwill and loss of confidence in management can sometimes lead to total collapse. For small companies particularly, occupational accidents can have a major financial impact.

So Why Invest in Health & Safety?

Research shows that investing in Health & Safety leads to better company performance.
A good working environment is good business.

All workers have a right to work in places where risks to their health and safety are properly controlled.

Health and safety is about stopping them getting hurt at work or ill through work.

What employers must do for employees

Decide what could harm them in their job and the precautions to stop it. This is part of risk assessment.

In a way they can understand, explain how risks will be controlled and tell them who is responsible for this.

Consult and work with them and their health and safety representatives in protecting everyone from harm in the workplace.

Free of charge, give them the health and safety training they need to do their job.

Free of charge, provide them with any equipment and protective clothing they need, and ensure it is properly looked after.

Provide toilets, washing facilities and drinking water.

Provide adequate first-aid facilities.

Report injuries, diseases and dangerous incidents at work to the HSE

Have insurance that covers them in case they get hurt at work or ill through work.

Display a hard copy or electronic copy of the current insurance certificate where they can easily read it.

Work with any other employers or contractors sharing the workplace or providing employees (such as agency workers), so that everyone’s health and safety is protected.

What employees must do

Follow the training they have received when using any work items the employer has given them.

Take reasonable care of their own and other people’s health and safety.

Co-operate with their employer on health and safety.

Tell someone (their employer, supervisor, or health and safety representative) if they think the work or inadequate precautions are putting anyone’s health and safety at serious risk.
If you would like to discuss how to improve the health and safety of your business then please feel free to contact us via our website www.anchorhands.co.uk

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Health & Safety Management Systems – Why Bother?

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When someone uses the phrase “management system” it conjures up an image of an office full of clerks, busy filling in endless reams of paper, without anyone actually knowing what the end result is. This does not need to be the way, especially when it comes to health and safety, the object of the exercise is to have a system that works for your needs, one that not only gives you results but also achieves its objectives of keeping you and everyone else safe. 

A health and safety management system can be as simple as a one page set of tick boxes, to make sure you haven’t forgotten something important, right up to an OHSAS 18001 system which not only controls everything you do with health and safety, but can be audited to an international standard as well as demonstrating that you are working to best practice. The important thing is that the system should do what you want or need it to do, it should not create procedures for the sake of it and should be clear in its results and observations.  

Given that a health and safety management system can be simple, certainly shouldn’t be excessive and will produce clear results, what will we gain from having one and how much is it going to cost? There are some very simple answers to these questions:

 What will we gain? 

A safer working environment, Less absenteeism, Increased production, Happier workforce,  Customer recognition, Peer recognition, Mitigation against legal costs, Defence against legislation breeches, Lower insurance costs &  Access to additional work opportunities.  

How much will it cost? 

Debit:  

Producing the system, Necessary capital expenditure (guarding etc), Training costs of personnel,  Monitoring & auditing

  Credit: 

Less absenteeism, Increased production, Lower legal costs, Lower insurance costs, Mitigation against fines and claims, Maintenance of company reputation, Increased tendering opportunity

 

Taking all of the above, together with many more benefits, it can be seen that the reasons we bother are simple, a well produced health and safety management system will help you keep all around you safe thus avoiding absenteeism, lost production and legal claims against you, it will help you comply with current legislation avoiding legal costs, it will demonstrate to customers and your peers, that you are a company they would like to do business with, it can help keep your insurance costs down, maybe even reducing them and it could provide the conditions that will allow you to access many other tendering opportunities.

 So, why bother? 

Increased profitability

 Increased reputation and profile 

 Happier, more productive workforce

Increased work opportunities

Legal compliance

Because it’s the right thing to do!

 If you would like to know more about how effective a health and safety management system can be or to discuss any other matters relating to health and safety, then please contact us via our website at www.anchorhands.co.uk

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Could your Life Cover be more Tax Efficient?

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If you are a Company Director looking to provide Life Assurance to help provide financial security for your employees, or your own loved ones, then there is a way of paying premiums in a more Tax Efficient way.

As the premiums are paid by the company, they are usually considered as a business expense and are not treated as a benefit in kind so:

  • as the policy premiums are treated as a business expense they are likely to be an allowable deduction against Corporation Tax
  • there is no liability for National Insurance for employers or employees on the policy premiums
  • there is no liability for employees to pay Income Tax on the policy premiums
  • the death in service benefits are paid tax free to the nominated beneficiaries
  • the death in service benefits do not form part of an individual’s lifetime allowance for pension savings
  • the policy premiums do not form part of an individual’s annual allowance for pension contributions

So, taking out a Relevant Life Policy could be a tax efficient solution to provide valuable death in service benefits for individual employees:

  • where the number of employees is too low for a company group scheme or,
  • who may require more life cover than the main Company scheme provides.

Please remember that tax treatment depends on individual circumstances and may change in the future.

If you would like to discuss the benefits of paying Life Assurance through your company then I am happy to have a chat to explain it in more detail.  www.eurekafs.co.uk

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Making the most of your testimonials

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We all know that recommendations are the best form of obtaining new business, that’s why we work so hard to obtain them. But how do our potential clients know we have them? What methods can we use to inform them?

Word of mouth is by far the most effective at getting results. However, you are not in control. You are at the mercy of the people recommending you and who can be sure they will remember you at the crucial time.

So, in order to to widen it’s reach, we ask them for a written testimonial as well, We can then become more targeted. These can be uploaded on the web via your web site or social networks as well as attached to literature or emails. They offer some endorsement to what you do, helping to boost confidence in both you and your business.

However, do people believe them? You may be an upstanding member of the Community, who would not dream of inventing a testimonial, unfortunately there are others who are not.

There is however another way! It is more believable and is now easier than ever to get in front of the client. It will easily sit on your web site, attach as a link to emails, and social networking sites. It’s called a video testimonial and thanks to You Tube is now accessible to everyone.

This is why at DAP we have developed a system to offer video testimonials, our experience in photography video and marketing combine to offer the perfect video testimonial, and because they are aimed at SME they are affordable too.

What makes a video testimonial work?

  • They should be short and to the point no more than 2 mins. “We don’t want people nodding off.”
  • They should contain important facts such as results, savings made or business growth. These grab attention.
  • Whilst I believe they should not be scripted they should be planned. This will keep people on track.
  • Finally, they need to be believable but look professional.

Example of a video testimonial from Video testimonial example

 

If you would like to find out more about video testimonials and how they could help your business grow, visit Worcestershire Video Testimonials or contact us at DAP 07803 048540 or email at info@douglasandersonphotography.co.uk

 

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A Degree of Marketing.

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If you missed the amazing presentation entitled ‘A Degree of Marketing’ on Friday 12th August 2011, don’t worry. You can simply click on the link below and spin through the slides as many times as you wish.

A Degree of Marketing

marketing2win takes a common sense approach to marketing your business, creating Profit from Marketing and a return on your investment. An initial discussion will cost you nothing but the benefits could be invaluable.

To find out how you can increase your revenue, be more profitable or encourage your clients to buy more, contact James Williams on 07837 568411 or visit www.marketing2win.co.uk

 

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