Category Archives: Newsletters

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May Business Health News from Company Pulse

Category : Newsletters , Uncategorized

P – People + Processes

UK exporters impeded by labour shortages
British Chambers of Commerce 25 May 2018
BCC, in partnership with DHL, latest Quarterly International Trade Outlook shows exporters are being hampered by widespread labour shortages, particularly in manufacturing, where two-thirds of firms struggled to recruit in the first quarter of 2018.
Read more: http://www.britishchambers.org.uk/press-office/press-releases/bcc/dhl-uk-exporters-impeded-by-labour-shortages.html

Number of EU workers leaving UK eases but industry still faces recruitment crunch
EEF 21 May 2018
A new EEF report warns that nearly half of the UK’s manufacturers remain concerned about their ability to access skills post-Brexit. The slump in job applications from the EU has slowed since last year, but 17% of companies saw a drop in applications from European citizens.
Read more: https://www.eef.org.uk/about-eef/media-news-and-insights/media-releases/2018/may/number-of-eu-workers-leaving-uk-eases-but-industry-still-faces-recruitment-crunch

Proportion of small firms increasing pay is largest since 2014
Federation of Small Businesses 15 May 2018
The share of small businesses that are increasing wages for their employees has hit a three-and-a-half year high, according to the latest research from the FSB. 66% of small firms have increased salaries over the past year, with 50% awarding pay increases of two per cent or more.
Read more: https://www.fsb.org.uk/media-centre/press-releases/proportion-of-small-firms-increasing-pay-is-largest-since-2014

U – Utilisations + Outcomes

Tale of two service sectors
Confederation of British Industry 30 May 2018
Business volumes grew at the fastest rate since August 2015 among business and professional services companies, while volumes fell in the three months to May for consumer services, according to the latest quarterly CBI Service Sector Survey.
Read more: http://www.cbi.org.uk/news/tale-of-two-service-sectors/

Targeting ‘long tail’ of underperforming firms is not the answer to UK productivity problem
Centre for Cities 24 May 2018
The key to addressing the UK’s productivity problem is not to focus on underperforming businesses, but to help high-performing firms to increase output even further – especially in cities outside the Greater South East.
Read more: http://www.centreforcities.org/press/targeting-long-tail-underperforming-firms-not-answer-uk-productivity-problem/

Business can’t rely on just-in-time Brexit preparation
British Chambers of Commerce 30 April 2018
New research by BCC, in partnership with the Port of Dover, finds that over a third (36%) of traders rely on the just-in-time delivery of material and components, but that many are not preparing for changes to customs procedures after Brexit.
Read more: http://www.britishchambers.org.uk/press-office/press-releases/bcc-business-can’t-rely-on-just-in-time-brexit-preparation.html

L – Logistics + Infrastructure

Global supply chain risk fell during each quarter of 2017
Chartered Institute of Procurement and Supply 29 May 2018
Despite continuing political concerns across the world, strengthening global economic growth was instrumental to another drop in the level of global supply chain risk according to the CIPS Risk Index, powered by Dun & Bradstreet.
Read more: https://www.cips.org/en/news/news/global-supply-chain-risk-fell-during-each-quarter-of-2017-despite-trade-wars-and-protectionism-on-the-horizon/

Drone industry set to contribute £42bn to UK economy by 2030
Computer Weekly 29 May 2018
Enterprise adoption of drone technologies could add £42bn to UK GDP by 2030 through automating repetitive workplace processes, according to a report by PwC, who suggest 76,000 drones could be in use in transport, logistics, construction, media and technology industries.
Read more: https://www.computerweekly.com/news/252442027/Drone-industry-set-to-contribute-42bn-to-UK-economy-by-2030

Think 3D printing is just for prototyping? Think again
The Manufacturer 29 May 2018
The predominant understanding manufacturers have regarding 3D printers is that they are basically a prototyping tool. This pre-conception in some cases may hold back wider adoption and the chance to leverage the transformative capabilities the technology offers.
Read more: https://www.themanufacturer.com/articles/think-3d-printing-just-prototyping-think/

S – Strategy + Finance

Small business investment falls amid £14 billion late payment crisis
Federation of Small Businesses 25 May 2018
The number of small firms planning to decrease investment has hit an 18-month high, according to new research from the FSB. 69% of small firms are not planning to increase investment over the next three months and 14% are planning to decrease investment.
Read more: https://www.fsb.org.uk/media-centre/press-releases/small-business-investment-falls-amid-14-billion-late-payment-crisis

Directors’ confidence in the economy returned to positive in March – albeit only just
Institute of Directors 8 May 2018
But whilst the move into the black is certainly noteworthy, what is even more striking in the IoD confidence data – which has been collected on a consistent basis since July 2016 – is just how sensitive business sentiment is to political events and communications.
Read more: https://www.iod.com/news-campaigns/news/articles/Behind-the-numbers-The-economics-of-confidence

Prospects for the UK Economy
National Institute of Economic and Social Research 4 May 2018
NIESR has revised lower its GDP forecast for 2018 to just under 1.5% mainly due to weak performance in the first quarter. But the slowdown is likely to be temporary. Inflation peaked in November 2017 and is forecast to ease back to the target rate of 2% over the next 8 quarters.
Read more: https://www.niesr.ac.uk/media/press-release-prospects-uk-economy-13359

E – Ethos + Relationships

FTSE firms’ excuses for lack of women in boardrooms ‘pitiful and patronising’
The Guardian 31 May 2018
Women aren’t a good fit in boardrooms, most of them don’t want the hassle of a big job and they don’t understand the complex issues discussed in board meetings. That is according to executives at the UK’s biggest firms, who have offered the excuses to explain why their boardrooms are dominated by men.
Read more: https://www.theguardian.com/business/2018/may/31/pitiful-views-on-women-in-boardrooms-permeate-ftse-firms

Flexible working policies alone not enough to support parents
People Management 23 May 2018
The Modern Families Index surveyed working parents. The findings revealed that flexible working alone did not improve working parents’ quality of life and it needed to be partnered with better job design, effective management and a supportive culture.
Read more: https://www.peoplemanagement.co.uk/news/articles/flexible-working-not-enough-parents

Industry urged to boost investment in workforce wellbeing to reap productivity rewards
EEF 14 May 2018
Britain’s manufacturers are being urged to grasp the opportunity of greater investment in the wellbeing of their workforce. A new study by EEF and Westfield Health shows that the overall mental health and wellbeing of employees is inextricably linked to motivation, engagement and performance in the workplace.
Read more: https://www.eef.org.uk/about-eef/media-news-and-insights/media-releases/2018/may/industry-urged-to-boost-investment-in-workforce-wellbeing-to-reap-productivity-rewards

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March Business Health News from Company Pulse

Category : Newsletters

P – People + Processes

EU migrants say UK employers have been ‘very poor’ on Brexit support
People Management 29 March 2018
More than a third of EU citizens working in the UK say their employer has been ‘very poor’ in answering their questions and providing support around Brexit, according to an exclusive People Management poll and almost half are making plans to leave the country.
Read more: https://www.peoplemanagement.co.uk/news/articles/eu-migrants-uk-employers-poor-brexit-support

Pay rises are accelerating and the labour market is still roaring
EEF 22 March 2018
EEF’s Pay Bulletin has seen a quite sustained growth in manufacturing wages in the last few months. Annual three-month average growth between 2.2% and 2.5% has been recorded in the last six months with an extremely low number of pay freezes and deferrals.
Read more: https://www.eef.org.uk/campaigning/news-blogs-and-publications/blogs/2018/mar/pay-rises-are-accelerating-and-the-labour-market-is-still-roaring

Spotlight on apprenticeships highlights role of levy on training investment
Chartered Institute of Personnel and Development 9 March 2018
National Apprenticeship Week 2018 highlights some great work. But reform of the apprenticeship levy is needed for more progress on skills.
Read more: https://www.cipd.co.uk/news-views/news-articles/national-apprenticeship-week

U – Utilisations + Outcomes

Private sector growth slows in quarter to March
Confederation of British Industry 29 March 2018
Growth in the UK’s private sector slowed in the three months to March, according to the latest CBI Growth Indicator.
Read more: http://www.cbi.org.uk/news/private-sector-growth-slows-in-quarter-to-march/

Looking at manufacturing output from a different angle
EEF 29 March 2018
GDP growth in the last quarter of 2018 was confirmed by the ONS at 0.4%. 2017 annual growth was slightly revised up to 1.8%. Business investment was also revised up by 0.3%. Now, let’s see these numbers in another way.
Read more: https://www.eef.org.uk/campaigning/news-blogs-and-publications/blogs/2018/mar/looking-at-manufacturing-output-from-a-different-angle

Small business confidence bounces back as economic forecasts lift
Federation of Small Businesses 27 March 2018
Confidence among small UK firms is rebounding against a backdrop of lower inflation, progress on Brexit talks and a positive Spring Statement, according to the latest FSB Small Business Index.
Read more: https://www.fsb.org.uk/media-centre/press-releases/small-business-confidence-bounces-back-as-economic-forecasts-lift

L – Logistics + Infrastructure

Manufacturers agree: They need more cyber-security support
EEF 27 March 2018
Manufacturers understand cyber-security is a serious threat to businesses of all sizes, but often feel unprepared for tackling the challenge of safeguarding their organisation.
Read more: https://www.eef.org.uk/about-eef/media-news-and-insights/blogs/2018/mar/manufacturers-agree-they-need-more-cyber-security-support

Big Northern and Midlands cities outperforming rest of country
Centre for Cities 21 March 2018
A new report reveals the scale of urban transformation in big Northern and Midlands cities over recent decades and shows that the number of people living and working in Manchester, Leeds and Birmingham city centres has soared in comparison to other cities across the country.
Read more: http://www.centreforcities.org/press/major-northern-midlands-cities-outperforming-rest-country-attracting-jobs-residents-city-centres-action-needed-protect-commercial-space-driving-growth/

BCC launches ‘No More Not Spots’ campaign
British Chambers of Commerce 20 March 2018
The UK’s leading business group is launching a campaign that will bring together business communities and those involved in delivering coverage to identify coverage challenges and work through solutions to improve poor mobile coverage.
Read more: http://www.britishchambers.org.uk/press-office/press-releases/bcc-launches-%E2%80%98no-more-not-spots%E2%80%99-campaign.html

S – Strategy + Finance

Trade and skills top of small business wish list as Brexit countdown hits one year
Federation of Small Businesses 29 March 2018
With a year left on the Brexit clock, small businesses are urging the Government to agree the future economic partnership with the EU. According to FSB research, the EU single market is a priority trading bloc with 63% of small firms wanting to see a trade deal prioritised with the EU.
Read more: https://www.fsb.org.uk/media-centre/press-releases/trade-and-skills-top-of-small-business-wish-list-as-brexit-countdown-hits-one-year

Consumers already paying the price of Brexit twelve months ahead of official separation
Chartered Institute of Procurement and Supply 20 March 2018
Brexit uncertainty is causing businesses to pass the increase in costs incurred as a result of supply chain challenges on to consumers, according to new research from CIPS – nearly one third of UK businesses have increased their prices as a result of Brexit.
Read more: https://www.cips.org/en-gb/news/news/consumers-already-paying-the-price-of-brexit-twelve-months-ahead-of-official-separation-/

UK economy remains subdued despite uplift from strong global growth
British Chambers of Commerce 19 March 2018
The BCC has upgraded its growth expectations for the UK economy, raising its forecast for GDP from 1.1% to 1.4% in 2018 and from 1.3% to 1.5% for 2019, and its first forecasts for 2020 is for 1.6% growth.
Read more: http://www.britishchambers.org.uk/press-office/press-releases/bcc-forecast-uk-economy-remains-subdued-despite-uplift-from-strong-global-growth.html

E – Ethos + Relationships

Gender pay gap: multiple firms submit questionable data
The Guardian 29 March 2018
The equalities watchdog has insisted it will pursue companies that submit inaccurate figures on their gender pay gaps after multiple firms appeared to file questionable information as some firms have entered zero in all fields or claimed mathematically impossible gaps.
Read more: https://www.theguardian.com/news/2018/mar/29/gender-pay-gap-several-firms-submit-questionable-data

Use of legal measures to silence workplace harassment victims more widespread
People Management 29 March 2018
A parliamentary panel heard evidence on how the use of non-disclosure agreements to silence employees from speaking out about workplace sexual harassment had become endemic – with some former employees only now starting to speak about them
Read more: https://www.peoplemanagement.co.uk/news/articles/legal-measures-silence-workplace-harassment-widespread

Engaging with staff on workplace pensions ‘fundamental’ to successful retirements
Confederation of British Industry 27 March 2018
Offering high-quality workplace pensions is critical to successful businesses and retirements, but more workers and firms need to ‘open their eyes’ to the benefits of pensions and be alert to the risks of failing to engage.
Read more: http://www.cbi.org.uk/news/engaging-with-staff-on-workplace-pensions-fundamental-to-successful-retirements/

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