The True Costs of a New Hire in the UK

The True Costs of a New Hire in the UK Hiring a new staff member costs more than just their salary. Here’s a breakdown of the costs you can expect when bringing someone new into your team. If you’re running a small business, at some point you’re going to need to hire someone. And while you might think you’ve budgeted for this, with their salary covered in your figures, there are a number of additional costs you need to factor in when adding to your employee roster. Recruitment costs Firstly, you need to get the right person. You can go down two routes. You can use a recruitment agency, which can cost around 20-30% of the final salary â€" on an average salary this would be over £5,000. Or you could do it yourself on social media and job sites. This usually costs around £200- £400 if you use LinkedIn and one job site. Estimated average cost: £3,000. Salary Obviously, this is the big cost. And while it very much depends on what sort of experience you’re looking for, what level you’re hiring at and the contract specifics, you can assume it’ll be in the tens of thousands of pounds. UK Government figures put the average salary at around £27,600. Estimated cost: £27,600. Bonuses Not all companies pay bonuses, but many are starting to come around to the idea as a way of rewarding good work and boosting employee retention. Government figures put the average bonus payment as 6% of total pay. Estimated cost: £1,656. National Insurance Every employer has to pay towards their full-time employees’ National Insurance (NI). The standard rate of an employer’s Class 1 NI is 13.8% of the total pay. This includes bonuses and any over time. Estimated cost: £4,037. Pension As part of the auto-enrolment scheme, employees are automatically signed up to a basic company pension scheme. This means employers have to pay a minimum of 1% of workers’ monthly salary towards a pension â€" rising to 3% by April 2019. Estimated cost: £276 (rising to £828 by April 2019). Training Most companies offer either in-house training or funding towards external training. Either way, this comes at a cost. It’s a vital cost as training can help improve employee retention rates. The average UK company spends over £1,000 per employee. Estimated cost: £1,068. Office space and equipment Unless you’re replacing someone, you’ll need to provide a new employee with desk space, computer and more. The IPD Blue Chip Office Index put the total property cost per occupant at £4,800. Estimated cost: £4,800. Other costs It doesn’t end there. There are an array of other costs to consider such as the HR costs to deal with new starters, holiday cover, cover for maternity leave, sick days, company cars, software licences and more. Estimated cost: £8,000. Total cost So, for your £27,600 paid new staff member, you’ll actually need to budget for something closer to £50,000 in their first year of employment. BE Offices HR Director, Nazia Ahmed said: The total cost of hiring a new member of staff can be higher than it first appears. Companies, small businesses in particular, need to budget carefully when taking on new staff to ensure they are not overextending themselves  and creating unnecessary financial strains on the company. However, employees are a firms best assets and will underpin its future growth therefore taking on new people is essential for expansion. Companies just need to be aware of the true cost of taking on new staff. To help guide companies through the associated costs of employing staff  BE has produced a simple infographic. About the author:  Andy Issott is the Marketing Director of BE Offices, specialising in online performance and brand growth in the commercial property sector.

What Is the Best Business Analyst Resume Samples?

What Is the Best Business Analyst Resume Samples?In today's increasingly competitive business environment, businesses are looking for the best business analyst resume samples they can find. To get their foot in the door, these candidates must have a working understanding of the skills that are required. As a result, there is a greater emphasis on skills that employers want to see in their applicants. While there are certain skills that most business analysts possess, there are other skills that could be utilized if the skills listed on your resume do not highlight those skills.It is important to understand what each skill are. Unfortunately, most business analysts lack the technical skills needed to build a resume based on the skills that they possess. Therefore, for their resume to have any real value, it needs to highlight the special skills that a business analyst brings to the table.Experience is the first thing a business analysis consultant will bring to the table. Whether the consultant has been in the field for years, or he or she has recently been hired is immaterial. The experience needed to run a successful business needs to be highlighted and the analytical thinking that has been utilized over the years should be highlighted as well. While this does not necessarily mean that you need to go through years of business analysis, it does mean that you need to be able to stand out from the pack of other candidates. Your employer will look at a resume sample and think about the skills that are most similar to the business analysis skills that they are looking for.This next section of a resume sample for a business analysis consultant is the writing skills. They may have the knowledge, but they will also need to convey that knowledge with their words. For this reason, a business analysis resume sample will most likely feature examples of their skills in the areas of marketing, writing, and strategy.If you are currently writing, your employer is interested i n the ability to effectively relay the information that you are given. Since so much of the content in a resume is based upon written communication, including examples of writing is crucial. Additionally, professional authors will know how to use their writing to emphasize the specific skills that they have acquired in a given area.In order to maximize your skills as a business analysis consultant, you need to have a working knowledge of business management. Of course, when it comes to skills, business management is the foundation. In addition, business management is centered around how you can help other business owners succeed. This is why most business analysis resume samples feature examples of business management knowledge.Lastly, business analysis consultants need to be able to add an edge to their resumes. They should make sure that they have a unique and individual style. In order to give you the edge you need, you will need to have a resume sample that you can use as a basi s.Finally, as an actual professional advisor, you should make sure that your resume contains the ability to clearly and concisely communicate your professional skill set. While it is nice to have a few tricks up your sleeve, an overall strong resume is the main objective. Remember, your resume should highlight the qualities that are most important to your potential employer.

Top Classy Career Girl Commenters for January 2012

Top Classy Career Girl Commenters for January 2012 With a new year comes new posts and ideas for Classy Career Girl!  Every month this year, I am giving away a book I love to a commenter on this blog.  I might give a book away for the most frequent commenter or the best advice in a comment or it could be totally random.  So go leave a comment today! This month I am giving a book away that I wrote about a year ago on this blog called Tell To Win by Peter Guber.  In the book, Peter tells us how  the power to tell emotionally resonant stories so that we can persuade, motivate and excite others.  A big thank you to  my top five commenters of the month below! Our book winner this month is Erica who has a fabulous blog at Cupcakes and Coffee Breaks.  I will be emailing you today to get your details to send it to you. Thanks again for the comments everyone!  I really do appreciate them and I do my best to respond to each comment! Question: What is your favorite book?  I might give it away next month! ??

5 Tips For Setting Up Your Online Presence To Succeed

5 Tips For Setting Up Your Online Presence To Succeed When youre aspiring to major success in the business world, looking at the tools in your online toolbox can feel rather like being a child at a toy shop: theres plenty of choice, but you might be stumped as to where to start. Which tools would boost your online presence and which wouldnt? Thankfully, you can save yourself the potentially convoluted process of trial and error by referring to the following starting points. Heeding these tips can help keep you on the right track. Establish your authority on social media Whether or not you currently run a business, your online presence will benefit if, over social media, you convincingly portray yourself as an expert. It could help you to secure a new job or, if you are at the helm of a company, attract more customers or clients to it. Josh Elledge, founder of upendPR.com, tells Forbes: Authority is a currency. The more of it you have, the more you can cash in on opportunities for growth of all kinds. Use email marketing but in the right way Content marketer Julia McCoy argues, in a Search Engine Journal article, that email marketing is even better than social media for acquiring customers. At least, thats judging from a McKinsey study she cites but you need to know how to do email marketing correctly. That means being selective about the content you email and how many emails you send. Otherwise, you could just be adding to the inaudible noise or, even worse, spam. Line up a regular supply of interesting blog content Another content marketing activity advocated by McCoy is blogging but this is another area where any content just wont do. After all, you want to generate interest and a loyal base of readers and you cant expect to do that without posting amazing, original content regularly. What questions is your audience asking? Blogging gives you a golden opportunity to answer those questions though, of course, they might rather differ between audience segments Tailor your content to different audiences How do you get people to notice you when they are already being bombarded with noise? Simple: you speak to them more directly than your competitors do. This shines a light on the importance of producing different pieces of content for different audiences. However, while placing a target customers name in the subject line of emails you send them is fair game, personalising content excessively can risk making you look stalker-ish so, be careful. Open your own online store This tip comes from Small Business Trends, which recommends this action even if you dont run an obviously ecommerce-related website. Adding online selling to your repertoire can give you an extra income stream, but you should still be cautious what you stock in that store. With an intelligent searching tool like Source Mogul, you could find products you are relatively likely to sell profitably on Amazon. This intuitive tool lets you filter products by ROI, purchase price and sales rank.

What Are The Best College Students Resumes Samples?

What Are The Best College Students Resumes Samples?College students are always looking for resume samples that are best suited for the specific academic institution that they have their dreams to get into. Before, there were not a lot of resources available for them to find what they need.College students do not only want to get the best resumes in the market, but they also want to have a resume samples that suits their needs. The reason why they have to look for these is because it can help them choose the best one which can also serve as a representative sample of the desired resume.The greatest advantage of college students resume samples is that these are being put together by professionals who are well versed in the particular academic program. This way, they can create a resume that will be the best representation of the personality of the student. There are no limitations in creativity and they can be put together with the use of graphics and styles to match the academic requi rements of the institution.College students resume samples have been very helpful to students who are already working in the industry. They get to be able to get their resume samples which are geared up to meet the specific demands of the job they are applying for. They are the most professional and can show prospective employers how they can best fit their job application.The college students resume samples are actually the best resume examples available today. Aside from that, the majority of these are prepared by professional writers who are familiar with the academic requirements of the specific academic institution they are applying for.These writers are also well-versed in the academic fields of these academic institutions. This is not only advantageous, but also gives the chance for students to find the best ones they can use to show potential employers.The great thing about these college students resume samples is that they are designed according to the specific needs of the student's academic program. This means that if you are applying for a job in engineering, you will not only get to have an application form that suits the requirements of engineering, but you will also be supplied with all the necessary materials necessary to create your resume as well.It will all depend on how important the information contained in the right resume samples is. If you are already working in the industry and you want to ensure that you will get a perfect resume representation of yourself, then you have to get the most relevant resume samples available to you.

The End Of The Nine-To-Five The Future Of Business Operations

The End Of The Nine-To-Five The Future Of Business Operations In business, nothing is certain. Stocks go up and down; trends come and go; businesses that seems to have everything going for them suddenly fail essentially, there are no guarantees. While most business owners accept that the nature of their business is inherently volatile, there are some aspects of a company that have always seemed resolute. Perhaps the most obvious of these is the concept of a designated office space, which is used as a base of operations according to a standard nine-to-five schedule. This kind of arrangement has been fundamental to businesses for decades… yet in the 21st century, all is set to change. The problems with conventional office setups The standard office setup comprises of the following: A designated work space, usually complete with desks, bathroom facilities, and occasionally a kitchen Employees work in this space, most usually on a nine-to-five working pattern. Employees attend this space to work between Monday and Friday. The above arrangement likely sounds familiar; in fact, it is the norm, a setup that literally millions of businesses across the world stick to… and no one is entirely sure why. One would expect that this kind of setup is standard because we know it’s effective; that it encourages productivity; that it’s genuinely beneficial to both employees and businesses. However, this simply isn’t the case and, in fact, there is evidence that the standard setup is outright damaging. For example, moving to a four-day week rather than Monday-to-Friday has been proven to be more productive. Working in an office environment can make people miserable. Studies have shown that a standard nine-to-five working pattern could have significant health ramifications for employees. The points above genuinely are just the tip of the iceberg when it comes to the issues posed by the standard setup. So why does everyone use the standard office setup? Basically, habit. There’s no other reason for this choice outside of a perception that this is how a business should operate. Business owners copy the standard working environment that they see other businesses using because it’s assumed that this arrangement is the best choice despite the fact that the evidence says otherwise. What are the alternatives to the standard office setup? Thankfully, attitudes are changing, as more and more studies conclude the arrangement of office space/nine-to-five/Monday-to-Friday is far from the best choice. There are a variety of innovations currently being trialled by businesses across the world, including allowing higher levels of remote working, the use of a flexible shared workspace, and four-day working weeks. All of these changes are incredibly positive, and suggest that business culture is changing, opting for what is genuinely beneficial rather than what is familiar. Should your business make these changes? In a word, yes or, at the very least, you should consider it. The arguments against the standard office setup are convincing, and the alternatives tend to produce positive results for both business productivity and the employees. The idea of abandoning your office or opting for a four-day working week may sound outlandish, but in reality, could be the dynamic change that allows you to reach new heights with your business endeavors.

Video game leadership - The Chief Happiness Officer Blog

Video game leadership - The Chief Happiness Officer Blog Joi Ito learns something about good leadership by playing the World of Warcraft game: I think that the ever-evolving user interface and communication tools that we are developing might impact the future of management in the real world. My feeling is that what we are doing in WoW represents in many ways the future of real time collaborative teams and leadership in an increasingly ad hoc, always-on, diversity intense and real-time environment. The race is on: Who will be first to offer management training based on playing WoW :o) Thanks for visiting my blog. If you're new here, you should check out this list of my 10 most popular articles. And if you want more great tips and ideas you should check out our newsletter about happiness at work. It's great and it's free :-)Share this:LinkedInFacebookTwitterRedditPinterest Related