Focus Management Group’s Post

Workforce optimization transforms businesses by maximizing human resource allocation and utilization. Learn how to align strategies with business goals and retain top talent: https://lnkd.in/gJWNgHHB #WFO #B2B

🆕 REPORT: A monthly gauge of confidence levels among UK business.   Managing Director for Relationship Management, Business & Commercial Banking Paul Gordon says, "For the second consecutive month we’ve seen businesses display a level of confidence that sets a positive outlook for the year ahead – the 42% reported this month aligns with the highest level we saw in 2023. It’s also very encouraging to see that businesses are keen to hire more staff – great news for the UK overall. With more businesses open to hiring, more people can get into work, providing a boost to the UK economy."   Read the full report or save this post and come back to it later 🔖   #BusinessRecovery #EconomicOutlook #UKEconomy #UKBusiness

How did the business landscape evolve in February? @Lloyds Bank Corporate & Institutional have shared the latest Business Barometer post for February 2024 - here are the highlights: ☑️ Expected staffing levels increase to a near 2-year high despite signs that labour shortages are easing ☑️ Business confidence pulls back but remains strong ☑️ Own price expectations edge up even as inflation concerns ease back ☑️ February fog descends on manufacturing, but services remain resilient ☑️ Scotland moves into pole position, while London slides down   For more detailed analysis, please see below ⬇ #BusinessRecovery #EconomicOutlook #UKEconomy #ukbusiness

Economic fluctuations, involving periods of growth and recession, greatly impact both businesses and their employees. During downturns, consumer spending drops, leading to lower sales and revenue. To cope, businesses often cut costs by reducing budgets for marketing, research, and development, and by laying off employees. This cautious approach can hinder long-term growth and innovation. Additionally, supply chain disruptions and tighter lending standards make it harder for businesses to operate smoothly and secure necessary financing. #tgif #hr #kcp

Hello March ..... 👀 How did the business landscape evolve in February? Lloyds Bank Corporate & Institutional have shared the latest Business Barometer post for February 2024 - here are the highlights: ☑️ Expected staffing levels increase to a near 2-year high despite signs that labour shortages are easing ☑️ Business confidence pulls back but remains strong ☑️ Own price expectations edge up even as inflation concerns ease back ☑️ February fog descends on manufacturing, but services remain resilient ☑️ Scotland moves into pole position, while London slides down   For more detailed analysis, please see below ⬇ #BusinessRecovery #EconomicOutlook #UKEconomy #UKBusiness #embeddedfinance #payments #lloydsbankinggroup #corporatebanking

#Businesses #face a variety of #challenges, including: #Hiring and #retaining talent: Businesses need to recruit and retain good #employees, and make sure they're treated fairly. This includes paying equal pay for equal #work, and acknowledging employees' #contributions. Customer retention: Businesses need to find and maintain a stable #customer base, and meet their needs. Managing #cashflow: #Small businesses often struggle with cash flow, and may need to #secure extra #income. #Balancing #growth and quality: Businesses may need to #sacrifice #quality to scale up. Keeping up with #technology: Businesses need to keep up with the latest technology. Dealing with #market changes: Businesses need to keep up with market changes and market rivalry. Managing workflow: Businesses need to manage their #workflow effectively. #Supply #chain security: Businesses face challenges with supply chain security, such as #backlogs and labor #shortages. Inflation and #economic downturn: Businesses face challenges with inflation and #economic downturn. Climate change and sustainability: Businesses face challenges with #climate change and #sustainability

[N]ot having an IT department means that you never need the phrase "the business". This article from The Wall Street Journal has a great clickbait-y title: "It’s Time to Get Rid of the IT Department". Yikes? Let's dig in! Honestly, I could write this entire post by just copy+pasting amazing quotes from the article. And, I will. LOL. But not before giving all the credits to Joe Peppard and The Wall Street Journal. 👉 "These days, the business is the technology and the technology is the business". 👉 "By setting up a structure that organizes employee groups around missions such as business banking, payments and marketplace, the company is able to embed technology know-how in each of these areas". 👉 "The problem starts with what I think of as the “partnership engagement model,” [...] this model positions the IT island as a supplier, mandated to build IT solutions and deliver services to the mainland. And it inevitably means that the metrics by which the IT department is measured are often irrelevant to the success of the business." Amazing...

Can't believe we are in March already! Some interesting notes around how the business landscape evolved in February..... @Lloyds Bank Corporate & Institutional have shared the latest Business Barometer post for February 2024 - here are the highlights: ☑️ Expected staffing levels increase to a near 2-year high despite signs that labour shortages are easing ☑️ Business confidence pulls back but remains strong ☑️ Own price expectations edge up even as inflation concerns ease back ☑️ February fog descends on manufacturing, but services remain resilient ☑️ Scotland moves into pole position, while London slides down   For more detailed analysis, please see below ⬇ https://lnkd.in/eC6qnsrv #BusinessRecovery #EconomicOutlook #UKEconomy #UKBusiness

How did the business landscape evolve in February? @Lloyds Bank Corporate & Institutional have shared the latest Business Barometer post for February 2024 - here are the highlights: ☑️ Expected staffing levels increase to a near 2-year high despite signs that labour shortages are easing ☑️ Business confidence pulls back but remains strong ☑️ Own price expectations edge up even as inflation concerns ease back ☑️ February fog descends on manufacturing, but services remain resilient ☑️ Scotland moves into pole position, while London slides down   For more detailed analysis, please see below ⬇ https://lnkd.in/dGyGQ8Dj #BusinessRecovery #EconomicOutlook #UKEconomy #UKBusiness @Lloyds Bank Corporate & Institutional 

Do you know your "Pound to People" ratio, also referred to as the "Turnover per Employee" ratio? In the UK, a benchmark figure is £100,000 turnover per employee. What's your ratio? You would expect a business with ten employees to have a turnover of around £1m, or if someone says they have five employees, it's fair to guess it's a £500,000 business. It's a broad brush figure and obviously varies from industry to industry and business to business. The important figure is YOUR figure. What is your turnover : employee ratio. As a business grows, will your ratio drop? Short term, possibly; however, for a growing business that leverages resources, you would expect that ratio to INCREASE. If you don't know your numbers, you don't know your business. When exit planning, expect this question to be asked. #exitstrategy #turnover #profitability #businessdevelopment