With 2019 nearly upon us, the time has come to make a series of resolutions for the New Year. This applies whether you’re an individual or business-owner, and there’s no doubt that the UK’s entrepreneurs will strive for a diverse range of objectives for the next 12 months.
Below, we’ve listed three of the most relevant New Years’ Resolutions that you may want to consider in time for 2019. These include:
1. Reduce operational costs
With the British government forced to dismiss claims that a no-deal Brexit scenario is now “unlikely”, there’s no doubt that businesses are growing increasingly concerned about the terms of the UK’s exit from the EU.
Given this and the volatile nature of the economy, cutting costs should be one of your primary New Years’ resolutions in 2019. You should be particularly focused on cutting operational costs, which accumulate significantly during the year and include expenses such as electricity and heating.
By partnering with a service provider like utilitywise, for example, you can compare commercial energy prices in real-time and achieve the best possible deal.
This, combined with reduced and more efficient consumption, can cut costs dramatically and ultimately boost your business’s profitability.
2. Embrace the principles of flexibility
We live in the age of the freelancer, with remote workers now accounting for around 15% of the UK workforce.
Given this, employers need to embrace flexible working directives and create a more open to culture if they’re to retain their best talent and compete with the lure of the home office.
The current generation of employees are also more informed than ever before, so it’s imperative that you’re flexible with your teams and create viable schedules that enables to work more from home.
A business owner can boost both efficiency and productivity in one fell swoop while helping to create an attractive proposition for new and existing staff members.
3. Think beyond benefits and provide experiences
While you’re in a flexible mindset, you may want to apply this to your existing benefits packages and strive to create more tangible rewards for employees.
After all, employees are increasingly motivated by more than just their bottom line remuneration, while they’re also keen on the idea of tailored benefits that add value to their everyday life.
While this can include everything from free lunches and discounted gym memberships to in-house facilities like a workplace bar, you may also want to consider joining your team members together in new experiences.
By offering employees access to offsite get-togethers and organising diverse team building events, you can forge deeper relationships with your staff and engage them on a far more meaningful level.