People Puzzles East September Newsletter
Sarah Hamilton
Fractional People Directors | People Puzzles | Helping businesses achieve their growth targets faster
Now that Autumn is well and truly here with all the rain this week you may well be planning ahead for next year, reviewing the year's performance and putting in place the team to achieve your 2025 targets. This year, with the added complexities of the Employment Rights Bill coming into force, it's particularly important to be planning with a strong focus on your people strategy.
To make sure you're all set for the Employment Rights Bill changes which is due to be introduced at Parliament on 12th October. A good starting point for you or your person responsible for HR is understanding the numbers and how many fall into the sectors impacted by the proposed changes. We’ve created a handy tool that takes just a couple of minutes to complete Employment Rights Readiness Check
Once your goals for 2025 are clear, it’s time to focus on your budget, particularly with the extra payroll costs the new Bill will bring. Conducting a detailed risk assessment can help you pinpoint financial risks and find ways to mitigate them. Steve Lynas, one of our People Directors, recently shared some valuable insights in his latest blog, where he outlines how to prepare for the financial impact of the Bill. He also suggests practical ways to manage costs such as through implementing innovative rewards and benefits programmes.
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Defining your business plan for 2025 is just the beginning. The next step is developing an actionable people plan, one that’s defined and aligned with your business objectives. Communicating this to your entire workforce is essential—it ensures everyone understands the goals and the direction you’re headed. While the new Bill might include some surprises, having a clear roadmap that your team supports will help keep your business on track for success.
Finally to help you prepare here is the latest copy of the Economic forecast from our partners at Vistage, always a very interesting read.
As always, if you need support in planning for 2025 or preparing for the upcoming changes, don’t hesitate to reach out. We’re here to help guide you through the process.