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The financial impact of machine downtime on UK industry

Machine downtime is a major issue for businesses across the UK. If not prepared for, interruptions to appliances can have a significant detrimental impact on the productivity and profit margin of a company. According to a study commissioned by Oneserve, a field service management firm, and carried out in collaboration with UK manufacturers; machine downtime costs the UK approximately £18 billion a year. This is a figure that, if reduced, could boost the British economy at a time when the nation must be an industry powerhouse to combat Brexit anxieties. But what is the true impact of machine downtime in UK industry and what solutions are available? Machine downtime in the UK Machine downtime is any unintentional scenario that causes your company’s manufacturing process to cease. With growing consumerism creating higher demand for products, fast and efficient machine procedures are critical to a firm’s success. But does the impact of…

How to ensure your email drip campaign is successful

If you’re planning a new email drip campaign for 2019, there are a few things you’ll need to consider in order to ensure it’s successful. A recent post by My Emma called ‘5 elements to successful drip email campaigns’ is an excellent guide for anyone considering launching a new drip campaign next year. According to the article, one of the key elements is centered around your actual goals. It’s crucial that you understand exactly what those goals are, and the type of campaign you want to create before you get started. So that when you will start to create your email, it will be straight to the point and very clear. Another key element is creating automated customer journeys. By putting in a little bit of work at the beginning, you’ll be able to ‘set and forget’, at least initially while you collect data to see what’s working. The article…

How small business administration can help you

Business administration can make the difference between success and failure for a small enterprise. The management process is all-encompassing, covering a vast range of core activities from overseeing an organization’s budgetary, commercial and financial activities to establishing and meeting business-wide goals, policies and procedures. Administrative tasks continue to overwhelm SMEs A UK report from global telecommunication enterprise Immervox recently found that more than a third of SMEs are struggling with admin on a daily basis. The time and resources spent on managing business operations is considered by leaders to be a drain of both time and resources, with more than half of the 144 senior managers surveyed revealing that productivity is being hamstrung by a failure to invest in IT systems and digital infrastructure. Reducing silos is crucial to the agility of a modern business. SMEs must seek to bring core activities together and connect them to boost productivity, efficiency…

IT Process Automation vs IT Orchestration

In the year 2016, a report from Gartner predicted that the worldwide IT spending would reach $3.5 Trillion by the next year. In 2016, the estimated expense was $3.4 trillion. With the rise in the exponential growth of IT industry, it is essential to improve, streamline and manage IT operations. Automation and orchestration are the two facilitating and managerial practices that an enterprise must include in its software development life cycle (SDLC). Before doing so, it needs to compare them and understand each of their mechanism, scope and applications. It is also necessary to comprehend the differences between IT automation and IT orchestration to consolidate them effectively. The integration helps in making the SDLC a fast, smooth and accurate process. What is IT Process Automation? IT process automation (ITPA) is the process of using a single workflow to automate and set up IT tasks. It includes the integration of automation…

Why workplace safety could save your business money

Workplace injuries can cost your business a lot of money – from a loss of working days to personal workplace injury claims made from your employees. In 2016/17, there were 137 workers killed due to a work-related accident. In 2015/16, there were also over 0.6 million workers who suffered from a non-fatal work injury which led to over 4.5 million working days lost, according to self-reports from the Labour Force Survey. It is also worth noting that in 2016/17, there were 92 members of the public killed due to work-related activities. In 2014/15, the cost of workplace related injuries was £4.8 billion – £2.8 billion was billed to the employers, which doesn’t include potential personal injury workplace claims. The importance of health and safety in the workplace is clear, not only for reducing the annual bill. As an employer, your staff’s safety should be at the forefront of your mind.…

Why are apprenticeship programmes so successful?

With over 23,000 apprenticeship opportunities listed on average every month, it comes as no surprise that apprenticeship participation has hit a record high in the last academic year, 2016/17. There was a total of 491,300 apprenticeships that academic year, a sign-up increase of 14.5% on the previous year with 384,500 starts. Many analysts of the figures might attribute the success of apprenticeship programmes to that fact that 89% of apprentices are satisfied with their apprenticeship and 97% of employers said the same. It seems that the programmes have a good reputation across both employers and participants — so is the success expected to continue? Retailer of name badges, Badgemaster, explores. Apprentice demographics Apprenticeship programmes are attractive educational programmes to all ages, despite many believing that they are predominantly for school leavers; of the 491,300 apprentice starts in 2016/17, 24.6% of them were under 19 years old. However, in the same…

What Do Accounting Recruiters Look for in a Candidate?

High-level recruiters specialize in matching accounting professionals with employers via specially developed methodologies designed to optimize compatibility. This means working with accounting recruiters can lead you to the perfect job. It also means these recruiters are typically quite selective about the candidates they choose to work with. Understanding recruiters’ criteria can help you establish a productive working relationship. A Great Resume   Obviously, having a resume listing great accomplishments means a lot. However, a great resume is also one that effectively and clearly presents information employers want to know. Recruiters look for accounting resumes that offer a clear and impactful synopsis of what makes you a top candidate. The Right Credentials Top accounting positions generally require a Certified Public Accountant license. Employers looking for accountants in a wide range of sectors require or strongly prefer a CPA. Additionally, depending on the industry, some recruiters may look for additional certifications. In…

Startup 2018: Here’s How to Protect and Exploit New Ideas

A new year always brings opportunities for new implementations and growth in business. As a startup entrepreneur, it is not uncommon to see ideas “stolen” by established companies with bigger finances and more resources. This usually occurs during an investment pitch. If you have fallen victim to idea theft, avoid repeat mistakes. Once bitten twice shy. As you chart a new plan for your small business, guard your ideas closely. Besides insuring the business against liability, you’ll need to keep your plans safe. The following tips will help you protect and maximise your valuable ideas. Avoid revealing too much It is easy to get too excited during a business pitch or client presentation and reveal the bulk of your business idea. Unfortunately, clients have been known to refuse an offer, only to take the pitcher’s idea and develop it in-house. Learn to keep the details of your plan a secret.…

How great customer service creates customer loyalty

Thanks to the amount of travel I’ve done, I’ve experienced customer service all around the world. One thing I’ve recently noticed is how much more likely I am to repurchase a product or service from a company if I’ve had a good experience with them in the past. If you’re planning to launch your own business in the future, you may want to keep this in mind. Great customer service can be the difference between success and failure for businesses of all sizes. Recently, I ordered a dress from Asos. Since I was in Europe, I was unable to find a nice summer dress for my friend’s wedding in New Zealand. I would be flying to New Zealand in time for Christmas, but I wouldn’t have time to go shopping for a dress once I was home. I found a nice dress that I liked, and ordered it along with…

How mums can find work/life balance

Being a mum is hard work. Especially for those juggling full or part-time work with family responsibilities. And there’s continual pressure on mums to make it all look manageable. Not to mention all the one-upping on social media. Here are some ways mums can find work/life balance: Get some help It’s becoming more and more common for busy parents to use outside help. You may want to think about whether you should use a domestic staff agency to help you with things like childcare, cooking, and housecleaning. This allows you to have more free time to do the things you love, like spending time with your kids. Have support systems Trying to do it all alone is a recipe for disaster. Instead, make sure you have good support systems in place so you can have someone to lean on when the going gets tough. This could be a group of…

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