June 2022 FAQs

June FAQs

We look at the biggest June stories and answer the most frequently asked questions…

How to get the most out of your employees?

‘New research from Association for Project Management (APM), the chartered membership organisation for the project profession, reveals a third of UK employees said that they hold back on existing capabilities and skills in their current role because they are not part of the job description. The study shows a 32% of UK workers had received no formal training in their current role, with employers teaching just enough to pick things up and then giving little opportunities for progression.’

Source: HR News

So, how can you get the most out of your employees? Foster good communication. Create a culture in which an employee can feedback and in turn you can offer constructive advice. Ensure you recognise their value, delegate and offer flexibility.

Regular employee appraisals are a must as it gives your team the chance to say what they’d like to do more of, how they’d like to develop and to bring any pain points to the table.

Struggling to complete regular appraisals then reach out to Westcountry HR.

Can a four-day week really work?

According to a new report by ADP exploring employees’ attitudes towards the current world of work, six-in-ten (60%) UK workers would like more flexibility as to when they work, such as condensing hours into a four-day week. This number increased to two-thirds (67%) in Greater London.

Source: HR News

The focus on flexibility and mental health is at a much needed all time high since the pandemic but can a four-day week really work?

Firstly, it’s important to break the news that a four-day week does not mean reduced hours! It simply means more hours in those days then a three-day break to really unwind and detach from work. The pros for a four-day week include increased productivity, better employee engagement and a smaller carbon footprint. However, it could impact customer satisfaction in some sectors.

A lot of companies can succeed with a condensed workweek but it’s certainly not a size fits all solution. However, there is absolutely an argument to give it a go and see what learnings can be taken.

Are you for a four-day week or against? Let us know in the comments below.

What is Super Deduction Tax Relief?

The support runs until 31 March 2023 and enables companies to claim a 130% capital allowance on qualifying plant and machinery investments, along with a 50% first-year allowance for qualifying special rate assets. The Super Deduction also allows businesses to cut their taxes by up to 25p for every £1 they invest.

Most tangible capital assets used in the course of a business could be classed as eligible equipment, although there is not an official exhaustive list of plant and machinery assets. 

More details about investment eligibility can be found on the Gov.uk website.

Source: HR News

Contact Westcountry HR today if you’d like to discuss your company’s eligibility and find out what assets are applicable.

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