Top considerations for business owners in January
Wednesday January 20, 2016
Now that the dust has settled on the New Year, many leaders have hit the ground running to start creating their 2016 success stories.
However, in the excitement of addressing these new challenges, you may find yourself overlooking whether your team are actually following you.
So take a bit of time over the next few weeks to consider the following questions, discuss with your teams, and use to ensure that you are 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 are compliant. There will 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, and 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 by calling +44(0)7419195613 for an initial consultation to discuss how we could play a part in your business achievements.
About Dakota Blue HR Consulting
Jackie Brooker, Managing Director of Dakota Blue Consulting, is an experienced HR professional covering all aspects of attracting, recruiting, managing, rewarding, training, developing, engaging and exiting the right people for your business. She is known for taking the wealth of knowledge learnt in complex global organisations and communicating this with a down to earth, practical approach to help organisations get the best from their employees right from the start.
Talk to Jackie on Twitter @dakotabluehr