225+
5 reviews
MikeMike
16:04 13 Mar 23
Highly recommended! Josh and Sarah have been fantastic at Astute. They've found and placed me in 2 jobs now between them, both really responsive and excellent at keeping you up to speed with things. Very knowledgable about the roles and happy to talk to companies with any queries you have.
C R.C R.
10:45 27 Jan 23
Great agency one of the best ones I've worked with! Liz has been a great help and support in helping me towards a new direction in my career life. She is very attentive and keeps me in the loop at all times! She makes the extra effort to work with my preferred requirements for work and even if it isn't completely attainable she meets me in the middle and does as much as she can to help! Also Liz is very funny might I add 😂 and I'm happy that I can now put a face to the name after all these years! Thank you again Liz for all your help and support! 😊
ChristineChristine
10:32 20 Dec 22
Josh and the Astute team was very swift to help me to find roles that matched my profile. They are really reliable and will help through every step of the recruitment process going out of their way to assist and follow up when needed. Could not find a better recruitment agency!
Helen PinegarHelen Pinegar
16:19 18 Dec 22
Fantastic recruitment agency.. Josh was extremely enthusiastic, encouraging and clearly knowledgeable about what was needed from both the employee and the employers point of view. Extremely supportive especially in regards to interview preparation and endeavoured to procure feedback promptly. Wouldn’t hesitate to recommend Astute in the future to both candidates and recruiting businesses particularly for the right fit for the role!!!
Lisa LeighLisa Leigh
11:56 30 Nov 22
I have worked as a candidate for Astute and they have been excellent. Super friendly service and professional agents keen to fit the right person to the right job. It has been a pleasure dealing with them and I would happily work for them again in the future. Highly recommend this agency.
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Read Astute Recruitment Ltds latest updates on staffing trends, business and employmentAs the weather heats up, will it be a bumper summer for business? The forecast looks good! 🌞

In 1976, like now, some boys hair was as long as girls, if not longer. 🤣🤣👭 Fashions were tank tops, and of course, flares! On the airwaves, Queen’s Bohemian Rhapsody, Bay City Rollers, Fleetwood Mac, Elton John, the Bee Gees, and more. 🎶

 

But, it wasn’t the clothes we wore, or the music we listened to that made 1976 stand out. It was the incredible heatwave!

 

Like this year, April 2020 was one of the sunniest Aprils on record, and 2020 ended up being one of the driest springs on record too. Thats what happened in 1975, the year before we enjoyed one of the greatest, long, hot summers in the UK.

 

Our economy seems to be heating up too! Below we share the latest key statistics from respected organisations on staffing trends, employment and business confidence.

 

After the turmoil of 2020, 38% of firms surveyed by the Confederation of British Industry (CBI) said their outlook on the business situation had improved in the past three months.

 

This is the first positive reading since January 2020, before the pandemic shut down much of the UK economy and the highest since April 1973.

 

Factories are also stepping up hiring, with the measure of firms looking to grow their workforce over coming months at the highest since 1974.

 

The survey’s results also found that while manufacturing output was broadly flat in the past three months, orders for new work are picking up and investment plans are being accelerated to take advantage of a “super-deduction” tax break announced in Chancellor Rishi Sunak’s budget.

 

The release of the IHS/Markit purchasing managers’ index came after official data showed strong growth in retail sales in March when most of the lockdown restrictions imposed to halt the spread of the Covid-19 pandemic were still in force.

 

Overall PMI rose from 56.4 in March to 60.0 in April, well above the 50 cut-off level that shows whether the economy is growing or contracting. Service sector business activity rose from 56.3 to 60.1, while manufacturing output was up from 56.6 to 59.1.

 

Markit’s chief business economist, Chris Williamson, said it was the strongest showing in the 23-year history of the PMI other than a four-month period between August and November 2013.

 

Companies are reporting a surge in demand for both goods and services as the economy ‘unlocks’ and the encouraging vaccine rollout adds to a brighter outlook,” Williamson said.

 

“Business activity should continue to grow strongly in May and June as virus restrictions are eased further, setting the scene for a bumper second quarter for the economy.”

 

In more good news for business, The Office for National Statistics said that in March 2021 – a month in which there was only a modest relaxation of the curbs imposed across the UK to stop the spread of Covid-19 – retail sales rose by 5.4% – well above the 1.5% predicted by City economists, with sales in March 1.6% higher than they were before the pandemic began to have an impact on the economy in February 2020.

 

In good news for the high street and businesses with fixed premises, rather than just online revenue streams, the ONS said the proportion spent online decreased to 34.7% in March 2021, down from 36.2% in February 2021, still above the 23.1% reported in March 2020, the month when lockdown restrictions were imposed for the first time.

 

And what of jobs and employment trends? 

 

New data from the Recruitment & Employment Confederation (REC), stated that business confidence in their ability to hire new staff continued to improve in the three months to February 2021.

 

Employer confidence in hiring rose to a net level of +16 in December-February 2021, six percentage points higher than in the three months to January. In February alone, this surged to net: +29, as the government’s roadmap for easing lockdown was announced and firms could start putting their re-opening plans into gear.

 

Neil Carberry, Chief Executive of the REC, had this to say:

“Recruiters report that this latest lockdown has been much less damaging than many feared back in January. The relative health of the economy and the jobs market is now being reported by business surveys, official figures and our own data. Our figures show that hiring companies are confident about bringing people into their businesses now, and that has to be good news for all of us.”

 

Employers are still being cautious, reflected in employers leaning more on interim and temporary staff.

 

Interim workers remain a great way for people to find work quickly and for firms to hire when the outlook is not certain.

 

Key statistics: – 

 

  • Hiring intentions for temporary agency workers rose by eight points to net: +14.

 

  • Employers’ intentions to hire permanent staff in the short term fell by five points, but remained high at net: +19.

 

  • Employers’ intentions to hire staff in the medium term (over the coming 4-12 months) increased in December-February 2021, rising to net: +30 for permanent staff and net: +15 for agency workers.

 

 

 

So, the weather for business looks set fair, and the forecast for Summer 2021 and the rest of this year, looks very encouraging!

 

Could it be a record-breaker? We’ll just have to wait and see.

A bit of fun for those too young to remember the summer of 1976, here are some reminders.

 

  • 1976 was the hottest, sunniest and driest summer people had seen up to that date. The government panicked about low water levels in April and May, and hosepipe bans combined with water restrictions were introduced. People were told to water their gardens with used bath water. I remember families including mine, collecting water from standpipes in their streets.

 

  • A minister for drought (Denis Howell) was appointed, promptly telling all to cut water consumption by half, or face water rationing until December! He also told people to pour washing up water into toilets instead of flushing.

 

  • Water companies issued a total of 139 drought orders.

 

  • Hospital admissions soared with many people suffering from sunstroke, heart attacks and a higher incidence of asthma.

 

  •  The M1 and other motorways had problems with tarmac melting.

 

  • Large areas of woodlands and heath turned brown, and were sadly devastated by fires which in some cases had to be left to burn because of the water shortage.

 

  • The high temperatures continued through August with many parts of England exceeding 330 hours of sunshine and highs of 25-30c on many days. 🌞😎

 

Then the heatwave finally ended.

 

The last week in August saw the beginning of the end of the heatwave, with spectacular thunderstorms.

 

That historic heatwave was followed by an exceptionally wet autumn, with some places recording over 200% of their normal rainfall. Heavy storms and torrential rain continued on many days through to October, ending one of the worst droughts on record.

Mary Maguire

Managing Director
Astute | Accountancy & Finance | HR | Office Support

Suite One, Ground Floor West, Cardinal Square, 10 Nottingham Road, Derby, DE1 3QT

T: 01332 346100
M: 07717 412911

E:  [email protected]

W: www.astuterecruitment.com

LI:  https://uk.linkedin.com/pub/mary-maguire/18/73/553

LI: www.linkedin.com/company/astute-recruitment/Read Astute Recruitment Ltds latest updates on staffing trends, business and employment

So you think your business doesn't need a finance director? At Astute Recruitment Ltd highlight how an FD can take your SME business to the next levelIf an SME is in good financial health without a finance director (FD), entrepreneurs are often sceptical as to whether they need to recruit an FD.

Having the right people is what makes any business grow, and an inspiring finance director (FD) can contribute more than most. Yet entrepreneurs can be sceptical about hiring such a senior position.

It’s not uncommon to hear, ‘… but my business is doing well, and I already have an excellent external accountant. Do I really need an expensive over-blown bean-counter?’

 

The idea that an FD is just an overpaid number cruncher, can be a self-fulfilling prophecy. If an entrepreneur sets out to recruit a glorified accountant, that’s what they’re likely to get. In fact, an FD should be viewed as an essential part of any growing company’s senior management team. Someone to be an expert in planning and running the business AND someone who can add a lot of commercial and operational value to a business.

 

The FD should be able to provide management information that a financial controller or accountant can’t – information that will really help an entrepreneur make decisions. For example, how profitable an individual customer relationship is compared with others, so they can focus on the customers that really count.

 

Management information and advice from an FD will also help a company with its external negotiations. Once an entrepreneur gets his or her hands on solid information about changes in their overheads and the cost of sales, it becomes much easier to agree price rises with customers and ultimately protect profit margins.

 

FDs can also provide advice about which business opportunities to pursue. For instance, if an acquisition is on the cards, an experienced FD will be able to help assess the right target, negotiate and seal the deal, and then help bring the two businesses together. An FD should be a dynamic leader who helps a company to do profitable deals and put processes in place to make sure you realise that profit.

 

How to pick a Finance Director? 

 

So what should an entrepreneur be looking for if they decide to recruit a Financial Director?

First, let’s look at what a good FD should already be doing and have on their cv: –

 

  • Own the numbers & be able to explain the numbers. Fully understand, and be able to explain to everyone else, how the business makes its money

 

  • A great FD will put systems in place to gather and analyse information to ensure that everyone in the business knows how profits and cash are generated, by product, service, customer, contract, geography, etc. With this knowledge, a management team can make informed decisions about which activities to focus on and which to stop.

 

  • Actively drive value in the business. Successful FDs are leaders, motivated by the desire to help grow business value as quickly and effectively as possible. They want to be influential in supporting and challenging business planning and decisions. A good FD will actually be keen to add value and if they can’t, that’s a common reason for them to decide to change job.

 

  • Cash is king. Understand the importance of cash flow. Securing future cash flow is critical to a company’s valuation. A good FD will handle Forecasting, managing cash flow, and championing ways of optimising a company’s cash generation model. This could involve extending supplier terms to re-working the business model and client’s payment terms. (i.e. should the business move from short-term contracts, with unreliable payments, to a long-term, regular recurring revenue model?)

IMPORTANT: If you are looking for a future exit strategy, an FD or CFO will often be interested in some sort of equity in return for their longer-term commitment right through to sale. This means it will be directly in the FD/ CFO’s interests to do a great job and stay in the role.

 

  • Be forward-looking. An FD should help the business plan ahead by providing analysis, insight and challenge to help the management team evaluate the company’s options for the future. They should help the business pitch their budget at the right level – making it challenging but achievable and then make sure this can be reported.

 

  • Good with detail as well as the big picture. Great FD’s are adept at contributing to strategy, but also want to get into the detail to ensure the information being used around the business is absolutely correct.

 

  • Be intelligent, qualified, experienced, and ambitious. Entrepreneurs should look for someone with a professional qualification and experience working with respected people. Another good sign is when a Finance Director maintains a network of professional contacts who can help them keep abreast of the latest industry developments.

 

So, while a growing, entrepreneurial business may have coped without a Financial Director up to now, and feel they can carry on without one, they run the risk that limited senior management expertise will actually hold back the growth of the business.

The very thing most important to the business owner.

With the right FD at the helm, growing companies will make better-informed decisions AND have the support to lead the company where the owners want to take it, whether that means a trade sale or towards extra PE investment.

 

If you are considering hiring an FD, CFO, or FC, and woud like some confidential advice around the best options available, please contact Mary Maguire, who will be pleased to help you.

Mary Maguire

Managing Director
Astute | Accountancy & Finance | HR | Office Support

Suite One, Ground Floor West, Cardinal Square, 10 Nottingham Road, Derby, DE1 3QT

T: 01332 346100
M: 07717 412911

E:  [email protected]

W: www.astuterecruitment.com

LI:  https://uk.linkedin.com/pub/mary-maguire/18/73/553

LI: www.linkedin.com/company/astute-recruitment/

Time is an equal opportunities employer“Time is an equal opportunity employer. Each human being has exactly the same number of hours and minutes every day. Rich people can’t buy more hours. Scientists can’t invent new minutes. And you can’t save time to spend it on another day. Even so, time is amazingly fair and forgiving. No matter how much time you’ve wasted in the past, you still have an entire tomorrow.”

Denis Waitley

 

We hope you didn’t forget to pop your clocks forward an hour too!

 

But this set us thinking. How do you truly value your time? AND can this influence your levels of life satisfaction and levels of happiness.

 

The pandemic has carved up our usual lives, routines, working days and so, so much more. The enforced lockdowns reducing our world down to a microcosm within our homes.

Breaking normality.

Challenging our sanity.

 

Now, with renewed optimism, many cautiously turn their minds to regaining control of their lives, careers, and routines.

But, we cannot turn back the clock.

The last 12 months have left an indelible marker on our innermost thoughts and desires.

From many conversations, candidates from credit control to Finance Director, confirm their views on what really matters in their search for a new job has shifted.

 

The company car?

The snazzy office?

The potential promotion?

 

These don’t factor anywhere near as highly post pandemic. Instead, potential employees and job seekers value the currency of time above all else.

Work life balance, and genuine flexibility from a future employer are cited with increasing frequency as the most desirable attributes an employer can offer.

 

This is not to be confused with laziness or sloth. Infact, research has flagged again and again that increased employer engagement yields greater productivity.

 

So what can employers and business owners do?

Answer: Reaffirm your people value proposition and brand.

  • Culture Counts
  • Being valued matters
  • Ethical Employers with a strong moral compass

Its as though the isolation of the last 12 months has made many people re-evaluate what is really important, and money, prestige, have fallen away to be replaced by more holistic values – especially time.

As businesses look to return to the office, it becomes even more key to ensure that protecting staff retention rates and top candidate attraction are front and centre of company strategy. This can be done by looking at the most valuable commodity to everyone of us at work and in life – the commodity of time.

 

Many of us value time differently because we each experience time in different ways. Some people believe they have enough time; others feel as though they’re being chased by the clock.

 

The question is, where are YOU on the spectrum? Time starved? An abundance of time at your disposal or somewhere in between?

 

It’s important that you consider this question because your experience of time dictates how you manage your day, your work, your life, even your finances.

 

We all have the same amount of time each day. So, what’s the difference between time deprivation and having an abundance of time?

 

The short answer: –

How you think about yourself in relation to time dictates how you value your time. Its also a precursor to happiness and contentment with life.

 

The Flow of Time

What makes the passage of time so challenging and individual in its passing, is that it’s both concrete and abstract at the same time. We watch the minutes on a clock face tick by on a very real clock. Even so, we measure time according to “zones.” And, depending on your circumstance, time can seem to move either fast or slow.

 

If you’re late for work, a red light can seem like hours, but if you’re scrolling through zillions of work emails, that same light can feel like it changed in a split second. The phrase “a watched kettle never boils” is so true. Time seems to slow right down when you are waiting for something to happen.

 

To complicate matters further, research tells us that people experience time differently based on their stage of development. Think of the repeated question every young child asks a parent on a car journey: “Are we nearly there yet?” For that child, a half-hour trip can seem like days. Some scientists state that conceptually, human beings live most of their lives by the time they reach 18 years old. This is because time seems to pass more slowly to a child than to an adult. As we age, the years appear to pass faster and faster. When in actuality – time of course has not sped up at all. Our concept of the passage of time has merely shifted.

 

Lets look at some interesting points around ‘Time Poor’ vs ‘Time Rich’

 

Here’s What Time Rich Looks Like: – 

For the people who live in scarcity of time, the distinctions are fairly obvious. They always feel as though they’re being chased by time. There’s never enough time to do the things they want to do; they are frustrated and overwhelmed. Often at work, they will be creating extra anxiety over their perceived lack of time to get work tasks completed.

If you score highly as being time rich, there are subtle differences to those who are time-poor.

From an assessment by The Money Meter, their results suggested two groups of individuals in the time-rich category. Let’s talk about these two groups as the Blue and Green Groups.

 

The Blue Zone: Moderately Time Rich

People who are scoring in the moderate zone of time abundance, state that they experience less anxiety, stress, and fewer negative emotions about time than those who are time-poor because they view time as neutral.

 

Yes, time is transitory, fleeting, a precious commodity, and it should therefore be managed well. However, this group experiences time as a continuum that marks the passing of events.

 

People in the Blue Group appreciate flexibility and having control over their own time. They are deliberate and intentional in creating time for family and relaxation, and they pride themselves on how well they “manage” their daily timetable & work schedules.

 

Precisely because they appreciate, rather than fear, the fleeting sense of time, the people in the Blue Group are often more energised and focused. They tend to experience a greater sense of accomplishment at the end of each working day.

 

Whilst keen on making time for family and loved ones, they are more focused on time from a task orientation perspective than they are from a relational one. Time with family, for example, may only happen when their ‘work’ is completed.

No room for sentiment – thats just what has to happen for them.

Responsibility and control are key elements for how people in the Blue Zone value time. For people in this group. their realisation is that “Time is fleeting. I should manage it well!”

In short, they firmly believe they have control over their time.

They take pride in themselves in their ability to prioritise work/ jobs, and they enjoy a sense of accomplishment at the end of each day.

 

 

Then we have the Green Group representing those who are highly time rich.

People who score as ‘highly time rich’,  seem to believe that they have enough time to accomplish whatever they want, whenever they want. They view time as precious and go beyond “managing it” to using it astutely.

 

Wise use of time means that they live from a sense of joy, appreciation, and freedom. They are present in the moment and therefore better able to respond to changing timetables or altered meeting times in more spontaneous ways.

 

Because of this high level of flexibility, the Green crowd lives a more balanced life. Family activities are not tasks to check off a list. Family is first—not an interruption.

For people in this category, there is always time to do the “important things” in life.

 

Perhaps the biggest differentiator between these two groups is that the green group has a deep desire to make every moment count. They value time in terms of relationships over task orientation. Making memories is important; they don’t want to be known as workaholics or taskmasters.

 

Major Theme: Time is precious. I should use every moment wisely.

 

Research has been inconclusive to tell if this highly time-rich perspective on time occurs with age and the passing of time or after a life-threatening loss or illness.

 

Either way, it’s a perspective worth considering in a world held hostage by the increasing demands of work, social media, mobile phones, and the expectation of being available at a moment’s notice.

 

As a call to action, examine your perspective on time.

 

Every one of us, every single moment of every single day, experiences huge pulls on our time. Our daily demands are great. It can be hard to set firm boundaries between work, family, and very importantly yourself.

Time for you!

What this research and many other investigations flag, is that those who value time and appreciate its transience, are the ones most likely to achieve a happier, more satisfying work/ life balance.

 

Now that’s something we could all do with!

 

 

Mary Maguire

Managing Director
Astute | Accountancy & Finance | HR | Office Support

Suite One, Ground Floor West, Cardinal Square, 10 Nottingham Road, Derby, DE1 3QT

T: 01332 346100
M: 07717 412911

E:  [email protected]

W: www.astuterecruitment.com

LI:  https://uk.linkedin.com/pub/mary-maguire/18/73/553

LI: www.linkedin.com/company/astute-recruitment/

 

 

One-way roadmap out of lockdown announced todayA Roadmap out of lockdown!

 

A one-way strategy of positive milestones from the Government was announced by the Prime Minister, Boris Johnson this afternoon.

 

The basic points are set out below. It is important to remember that these will be conditional on the continued success of the vaccine rollout and maintaining declining figures of hospitalisations and infections.

Nonetheless, some very welcome news!

 

Summary of key points: – 

  1. Boris Johnson sets out his four-step plan to release England from lockdown
  2. Step one, on 8 March, will see schools reopening and two people allowed to meet outdoors for a chat
  3. From 29 March, outdoor gatherings of either six people or two households will be allowed
  4. Outdoor sports, including football, golf, and tennis, will be allowed to resume from 29 March as well
  5. Step two would see shops, hairdressers and gyms reopen from 12 April in England
  6. Also from 12 April, outdoor hospitality will resume, as well as zoos and theme parks
  7. Step three would start on 17 May with most social contact rules lifted, as well as limited mixing indoors
  8. The prime minister hopes that step four, from 21 June, would see the end of all legal limits on social contact
  9. The UK PM will also hold a televised press conference at 19:00 GMT
  10. Scotland, Wales, and NI will set out their own approaches
  11. Covid vaccines have a significant impact on the risk of serious illness Public Health analysis shows
  12. In the fourth week after the first dose, hospitalisations were reduced by 85% and 94% for the Pfizer and AstraZeneca jabs

Let’s hope that the 8th March Budget will also provide some fiscal good news and continued support for businesses, employers, and staff.

An article by

Mary Maguire

Managing Director
Astute | Accountancy & Finance | HR | Office Support


Suite One, Ground Floor West, Cardinal Square, 10 Nottingham Road, Derby, DE1 3QT

T: 01332 346100
M: 07717 412911

E[email protected]

W: www.astuterecruitment.com

LI:  https://uk.linkedin.com/pub/mary-maguire/18/73/553

LI: www.linkedin.com/company/astute-recruitment 

Astute Recruitment Ltd show why mental health and physical health matterMacmillan Cancer Support recently published research showing that an estimated 7 million people across the country have turned to exercise including jogging or running during the pandemic crisis to boost their mental health.

 

One in seven people in the UK (14%) said exercise had helped them handle stress better since the first lockdown.

 

Exercise proved more popular than meditation or yoga (12%). Roughly 33% said physical activity including running, helped them feel calmer and more positive, while one in five said it helped them to feel mentally stronger.

 

Macmillan is hoping this will all mean a record interest for the 2021 London Marathon. 2020’s event was first postponed to October and then cut back to just an elite event, following a year that has left charities devastated following reduced fundraising.

 

You are never too young, or old to start either. Nor are you too fit or unfit. From a gentle jog initially, gradually building up to a slow, then faster run, this is one exercise with no limits on who can join in or at what level.

 

Everyone can do it.

Whatever the weather!

 

Taking a regular stroll to the local park, it’s surprising how many new faces you can spot, having a run or jog.

 

According to City AM, Sports Direct sold 218% more pairs of running trainers online during the lockdown than in the same period 12 months before, and Britons bought 243% more running clothing than normal!

 

One of the best, instant results from a run is the immediate lift of your mood. This isn’t an accident.

 

The science bit. 

 

When you exercise, endorphins, tiny chemicals, react giddily with chemical receptors in our bodies and go mad inside our bodies. That’s what causes you to feel lifted in body and soul. Those jigging, rushing chemicals. A whole new 21st-century twist to the phrase ‘gettin’ jiggy with it’ 🤣🤣

 

Whether you’re experiencing a simple case of the Monday blues while working from home, or more persistent symptoms of depression, that’s why exercise can really help to boost your mood and reframe your mental health to a new, much more positive place.

 

Getting regular exercise is important for good physical and mental health. Exercise can help stimulate parts of your brain that aren’t as responsive when you’re feeling depressed. It also promotes the release of feel-good brain chemicals. Exercise can also help to distract you from your worries and improve your confidence.

 

Commenting in the Guardian, Saurav Dutt, a 38-year-old author in London, ramped up his running in 2021 after taking it up for the first time during the initial lockdown.

 

“I used to try to avoid running as much as possible just because of the effort,” he said. “But the endorphin release after a big run is really significant, it really lifts your mood. And you’re also thinking about reinforcing your own general health, because underlying conditions are a big problem with Covid.”

 

In the absence of normal running groups, a number of virtual running challenges have been set up online during the pandemic. Its why we set up our #miles4meals initiative too so that people wfh can still get some valuable exercise AND help a worthwhile cause!

 

These virtual running groups are especially popular with people working from home. It’s not good for us to be sat down at a desk all day, the tension it puts on your lower back and your hips, it is really important to get out and move the body. Here at Astute, we are thrilled with the response so far from candidates, clients and businesses offering their time and miles to help us.

 

Its been interesting to highlight to businesses and employers that the benefits of virtual group exercise projects can really help the levels of employee engagement, staff wellbeing AND productivity levels in their teams. Some bracing physical activity is scientifically proven to aid and improve worker’s efficiency and increase the amount of work they can do in their job.

 

You can easily join into a virtual group by using the NHS/ Public Health England’s Couch to 5k app which was downloaded 858,000 times between March and June last year, a 92% increase compared with 2019. Check out more information on this useful link https://www.nhs.uk/live-well/exercise/get-running-with-couch-to-5k/

 

Like many across the country, our busy working days now revolve around a “commute a few steps downstairs or upstairs” and Zoom meetings. With long, long hours sat tapping away on laptops interspersed with calls.

 

Gone is the commute to the office. For many, our step counts and levels of movement have suffered.

 

Before Covid struck, most of us would travel, often walking to meetings, even taking a lunchtime stroll to grab some lunch. Now, that 20-minute stroll can easily become a daily ‘two-step toddle’ to the fridge and back.

 

This is why all of us at Astute wanted to do an organised event to raise awareness of the physical and mental health benefits of exercise AND support our local communities whilst helping a brilliant local charity, all at the same time.

Hence, our #miles4meals charity initiative was born! 😊

To make a donation, check out our fundraising page on Derby City Mission’s website HERE

Alternatively, if you or your team would like to join us to help Derby City Mission put together more food parcels for those in need, please email me – [email protected] and my team and I will warmly welcome you and send you more information.

 

 

Article by Mary Maguire

Managing Director
Astute | Accountancy & Finance | HR | Office Support

Suite One, Ground Floor West, Cardinal Square, 10 Nottingham Road, Derby, DE1 3QT

T: 01332 346100

E:  [email protected]

W: www.astuterecruitment.com

LI:  https://uk.linkedin.com/pub/mary-maguire/18/73/553

LI: www.linkedin.com/company/astute-recruitment/

Why good interview feedback really matters. Interview tips from Astute Recruitment

Why good interview feedback really matters

 

Our team been working exclusively with a long-standing client to recruit an Assistant Management Accountant. Ideally someone with bright enquiring mind, keen to learn with an accounting and finance degree.  Some experience in a finance role would be ideal. After shortlisting down from 18 candidates to the best five, the CVs went across and our client interviewed all five this week.

 

The good news is that three have been selected to undertake some online testing and have a second interview in a few days.

 

The bad news is that two candidates are not being progressed.

 

The client and Astute were able to discuss detailed, constructive feedback for each candidate including some tips for the future.

 

We fed back to one of the candidates not being progressed and wanted to share what the feedback was including some constructive tips for them in answering unplanned questions and focussing their answers.

 

“…while its bad news I’ve not got a second interview – it’s great to get positive rounded feedback after the first interview. I can use this experience and feedback to help me prepare and perform better in future interviews, and hopefully get a second interview next time! Thanks for letting me know and taking the time to ring me.”

 

He has been impressed with the process at Astute Recruitment Ltd, and thanked us for taking the time to call him and pass on the feedback.

 

If someone has taken the time to attend an interview – they deserve at the very least to get some constructive post- interview feedback. That feedback may just help them secure a second interview and a job offer next time.

 

It’s not just learning how to prepare for an interview that counts.

It’s also learning how to perform in an interview. That takes time, practice, and crucially, feedback!”

 

This is why our team at Astute Recruitment encourages a collaborative relationship with our clients throughout the recruitment process. Good interview feedback from the finance manager/ line manager/ HR professional recruiting, really helps our team inform our candidates on how they can improve their performance on an interview.

 

From how to answer a question to coping with nerves, unless a person has interview practice and good feedback from the recruitment consultant and/ or client, it is very hard for them to learn how they can come across better in the actual interview itself.

 

For another useful post on more interview tips and advice, you can see another of our blogs on our website, using the following link:    https://www.astuterecruitment.com/6-interview-questions-and-answers-to-help-you-nail-the-perfect-job-in-the-pandemic/

 

If you would like any more advice or help around interviews, arranging interviews remotely – let us know.

 

An article by Mary Maguire

MD Astute Recruitment Ltd

Email: [email protected]

LinkedIn: https://uk.linkedin.com/pub/mary-maguire/18/73/553

 

6 'astute' Interview questions and answers to help you get a job in a pandemic
6 ‘astute’ Interview questions and answers to help you get a job in a pandemic

 

With interview requests and new jobs taken by our team at Astute Recruitment, it’s great to share some pointers for candidates about to enter the job market to give them an edge on interview.

 

Imagine, you’ve been selected for a job interview! Well done! It’s always great news, but especially so in such challenging times.  But preparing for a job interview might be trickier than usual, too.

 

It would be a little weird if you and your interviewer didn’t acknowledge the global pandemic going on.

 

You’ll probably be doing your interview remotely, online, at least the first interview, and it’s also likely that you’ll be starting work remotely.

 

The people and business you’re interviewing with won’t be operating as normal, plus you’ll have to navigate different ways to work together.

 

Apart from the obvious,  (ensuring you’re wearing smart clothes, and your Zoom background looks tidy & professional), preparing for an interview means being ready to answer some different questions. So, what can you expect to be asked?

 

1. How are you feeling?

It’s normal to start off an interview with an icebreaker, but in the pandemic, small talk can take on a deeper meaning.

 

For an interviewer, it’s a way to gauge the tone of the interview. Some candidates’ replies might reveal they are struggling, whereas others will take the question much more lightly. In either case, there is no shame in acknowledging how the Covid-19 crisis is affecting you. The worst thing would be if a candidate came across as too disconnected from the situation, which could be a hint as to empathy skills or lack of.

 

The pandemic is impacting people emotionally, and for an employer to ask this question, shows they care. If you are asked this question, you should show you understand the situation and are adapting to it. You shouldn’t just use the same answers that you had prepared pre-pandemic, as if you were still in a typical office setting.

 

2. How are you handling your work-life balance?

If you can keep a healthy work-life balance, it shows a potential employer that you’re able to manage your time independently, and be organised.

 

Working from home is set to continue for a lot of us for the foreseeable, meaning employers are looking for these qualities,

 

Companies and hiring managers need to know that even if you don’t have a team around you sitting in an office, you ARE going to be able to work by yourself, can be trusted to wfh independently and autonomously.

 

This doesn’t have to mean that you’re calendar-blocking each hour of your day. But this question is a prime opportunity to highlight how you can, and have been able to work productively.

 

In an online interview, it’s an opportunity to also build a bond as you can reflect back a question to your interviewer, e.g.”I’ve found it’s key for me to factor in a 20 minute slot to excerise /walk the dog/ play with kids. I find this improves my feelings of wellbeing and makes me more focused and productive working for the rest of the day. What works for you?”.

 

3. Have you learnt any new skills since March last year?

 

This isn’t a trick question. Recruiters

wouldn’t be put off if a candidate said they had struggled with motivation or finding time to learn at the beginning of lockdown.

Instead, they’d welcome and expect some  honesty about what they’ve learnt about themselves during the pandemic.

 

You don’t have to pretend you’ve been on some kind of productivity marathon if you haven’t. Of course employers will want to know if you’ve added any professional skills to your CV, but talking about hobbies you’ve picked up or personal lessons you’ve learnt helps to give interviewers a glimpse of your personality and a real glimpse of you.

 

For instance, what you learnt about yourself could be how you discovered a new skill or the ability to step back from something. It doesn’t need to be professional, it can be something more personal.

 

But, how do you answer if you can’t think of anything you’ve learnt in the past few months?

 

Something as simple as trying out a new recipe counts. Most of us have discovered some new culinary skills 🤣.

 

4. What’s your ‘work-from-home set-up like?’

Potential employers have every right to ask about a candidate’s home working environment. Especially making sure that potential employees have a computer with internet access, that they have access to a telephone or a landline, and asking about the reliability of their wifi signal

 

Employers need to know that you have the equipment you need to do the job you are being interviewed for. However, they are aware that few of us have the perfect WFH set-up. Don’t be afraid to mention any challenges you’ve faced working from home, and how you’ve found solutions to work around them.

 

This is a good question for employers to ask candidates to see how creative they can be, and how they’re dealing with and have adapted to the current situation.

 

5. “We’re all on Microsoft Teams/ Slack/ Google Hangouts. Have you used it before?”

 

Of course, if your interview is on a platform you haven’t used before, you’ll want to test it out beforehand to make sure you know how to use it.

 

It’s also worth getting to know the main digital communication tools that are popular with businesses. Google Hangouts, Microsoft Teams, Slack and Zoom are all free to download and experiment with.

 

Some great advice to all candidates, is to be organised and prepared with the tech that they could be using if they are offered a job.

 

Lots of companies used digital communication tools before the pandemic. They’re just using them even more now. If candidates are unfamiliar with them they should definitely look them up & try them out before interviewing for a new job.

 

For employees who have started looking for a job after several years, this is a really useful tip.

 

6. Do you have any questions for us?

Pre-pandemic and lockdown, candidates would go into the office, meet a couple of members of the team. They’d get all of the contextual information before being offered the job and deciding whether to accept it.

 

Now, with largely online interviews, applicants don’t have all of the sensory, physical experiences through Candidates who have managed to get an interview aren’t getting the complete view of companies they’re applying for.

 

To counteract this, ask a lot of questions during your interview to get a clear idea of how the company works, the office culture and how you’ll work with different teams and individuals.

 

For starters, ask questions about training, daily tasks and communication methods. It’s equally important to ask about potential colleagues and hierarchy. This may mean clarifying who you would report to or who you can ask for help when you need it. Alternatively, it might mean taking a more informal approach to interviewing altogether.

 

A great suggestion for candidates is to ask, “If possible, could I have a virtual lunch with the team that I could be working with, just so I can get to know them—maybe not so much in a professional sense, but in a more casual, informal way?“

 

You could ask to have one-on-one meetings with potential future team members as part of the interview process. This shows you take the future culture of your potential colleagues seriously.

 

Companies should be understanding about these requests.

 

It’s really key that candidates meet more people, especially now. Particularly so if companies add a few more steps to the recruitment process. This can give applicants the confidence to be happy if they go on to secure a job offer.

 

Remember, it’s not just the candidate who has to adapt to the recruiter, but the recruiter who has to understand it’s a different situation for applicants too!

 

If you have questions around this topic or would like more information about this or something else, feel free to contact our MD, Mary Maguire, by email on [email protected]

 

An article by Mary Maguire, Managing Director
Astute Recruitment Ltd

Suite One, Ground Floor West, Cardinal Square, 10 Nottingham Road, Derby, DE1 3QT

T: 01332 346100

LI:  https://uk.linkedin.com/pub/mary-maguire/18/73/553 

LI: www.linkedin.com/company/astute-recruitment/

'Astute' tips on covid tax exemptions for businesses
‘Astute’ tips on covid tax exemptions for businesses

 

 

 

 

 

 

Employment-related coronavirus tax reliefs

Since March last year, many interim tax exemptions were brought in to prevent “benefit-in-kind” issues arising from coronavirus-related costs incurred by employers. Here at Astute Recruitment Ltd, we felt it was important to highlight these, especially for SME businesses and employers in general who may not have a resident tax expert on-hand.

Helen Thornley, technology officer at ATT, compiled a really useful article in Accountancy Age, highlighting some of the main points to help employers, employees, and flags the measures with a limited shelf-life. We have summed up the key points with useful links below.

COVID-19 tests provided by Employers

HMRC’s position on this has waivered. Originally HMRC advised that tests provided by employers outside the national testing programme were a taxable benefit in kind for the employee because said tests were not “wholly, exclusively and necessarily’ for the purpose of the employee’s duties.

Following widespread criticism, including the Treasury Committee saying this was an unhelpful stance, the Chancellor readily agreed to do a ‘180’ on this.

As expected – to transfer the alterations into formal legislation has taken time, so tax policy papers in November and December 2020 confirmed that there will be ‘no tax consequences for employer-provided testing for ‘active’ cases in the 2020/21 tax year. This specifically refers to antigen tests that identify current COVID-19 cases.

An important caveat is that this exemption DOES NOT extend to employer-providing antibody testing as antibody testing tests whether an employee has had the virus previously. Normal benefit-in-kind rules continue to apply to them.

Every policy paper has its own new statutory tool with its specific relevance to these changes.

  1. The first statutory instrument provides that ‘income tax’ is not chargeable on employer-provided tests for ‘active’ cases of coronavirus from December 8, 2020 to April 5, 2021. The accompanying policy paper confirms that HMRC will exercise their discretion under their collection and management powers and not collect either income tax or national insurance contributions (NICs) on tests carried out earlier in the 2020/ 21 tax year.

 

  1. The second related statutory instrument (due in January) exempts from NICs any employer who opts to either reimburse or provide funds in advance for an employee’s coronavirus test. This will apply from 25 January to April 5, 2021, but again the policy paper confirms that HMRC will use their statutory discretion to refrain from collecting both NICs and Income tax for employer-reimbursed tests for the earlier part of 2020/21. The corresponding income tax exemption is due to be included in the next Finance Bill.

IMPORTANT: Employers should be aware that, as HMRC’s view of the underlying position has not changed, unless further exemptions are granted, when these antigen-test exemptions expire on April 5, 2021, the costs will revert to being a taxable benefit in kind. Since employers could well still be paying for tests beyond that date, the ATT is raising concerns with HMRC and asking for these antigen-test measures to be extended.

 

 

Office equipment

At the start of the pandemic when mass homeworking was first advocated, many employees will have found themselves in need of extra equipment – from laptops to monitors, keyboards and printers and even office furniture. In general, provided there is no significant private use, employers can provide these items without tax consequences.

BUT, where employers allowed employees to purchase the required items themselves and then agreed to reimburse those costs at a later date, such reimbursement is taxable under the usual rules. Thankfully a temporary exemption from these rules will apply to reimbursements made between 16 March and April 5, 2021 inclusive. During this period of time, provided that the equipment was purchased for the sole purpose to enable homeworking/ WFH to take place as a result of coronavirus – and it would have been tax exempt if the employer had provided it directly – employers will be able to reimburse their employees for purchases of office equipment without tax or NIC consequences.

Being and ‘Cycle to work’

Under the ‘cycle to work scheme’ an employee can hire a bike, AND necessary safety equipment, from their employer and pay for that hire out of their pre-tax earnings. The scheme effectively allows employees to obtain a bike in a tax-efficient manner, provided that the employee uses the bike at least 50 percent of the time for qualifying journeys, which generally means commuting to and from work.

Employees who have benefited from these schemes but are now working from home may well struggle to meet this condition. HMRC guidance has now been updated to confirm that anyone who joined an employer-provided cycle scheme before 20 December 2020 will not have to meet the 50 percent qualifying journeys requirement. This easement will apply until April 5, 2022.

The easement will not apply to employees who joined a scheme on or after December 21, 2020 as they will have been expected to factor in the impact of the pandemic on their use of the bike.

‘Online parties and work socials’

On November 20, HMRC acknowledged that a virtual party would fall within the current exemptions for an annual function. This meant that employers wanting to provide some sort of festive fun wouldn’t land their employees with a tax bill provided that they followed the usual rules requiring the event being annual (i.e. not a one-off celebration), open to all staff and that the total cost of the event (including VAT, food, drink or party favours in a ‘party box’) was no more than £150/head.

While Christmas is past, the pandemic is still very much with us, so employers with other annual events coming up might be pleased to learn that the relaxation was not just in respect of Christmas parties, but any such annual function – provided that the total cost per head of the events combined is less than £150 in any given tax year. This means that provided all the other conditions are met, an employer can move comparable regular events online and still benefit from the usual rules for annual functions.

While all these exemptions are helpful, most of them are time-limited and employers who miss the relevant ‘windows’, could still create a benefit-in-kind charge for themselves and their employees.

This article by Mary Maguire, MD Astute Recruitment, was based on an original article by Helen Thornley, an ATT technical officer, which appeared in Accountancy Age on 7.1.2021. For the original article, click HERE

 

 

Astute tips on the Extended Furlough scheme for employers and employees
Astute tips on the Extended Furlough scheme

 

 

So, as we find ourselves in another Lockdown, what is the advice for employers and their employees on this adaptation of the Government’s original Furlough Scheme? Here, we try and break these down and provide some useful links for more detailed advice and webinars.

 

HMRC have published full revised guidance about the extended Coronavirus Job Retentions Scheme – i.e. the Furlough Scheme. This has now been extended to March 31st 2021.

 

The key changes for furlough claim periods from November and beyond are as follows: –

 

  • The UK Government are currently reviewing if employers could be eligible to claim for their employees serving contractual or statutory notice periods and will change the approach for claim periods starting on or after December 1st. Further guidance is to be published at the end of November. As things stand, employers may claim the grant for notice periods.

 

  • In the cases of Employers claiming for an employee for the period from November 1st retrospectively, only backdated written agreements put in place up to and including November 13th may be relied upon for the purposes of a claim. In simple terms, this means employers should ensure written furlough agreements are in place by November 13th if they are wanting to claim the grant retrospectively from November 1st.

 

  • After December 2020, the names of employers who claim under the Furlough Scheme for the month of December onwards and, for employers that are registered Companies or Limited Liability Partnerships, both the company name and registration number will be published by HMRC, so that this information will be in the public domain.

 

  • Should an employee decide to end their maternity leave early to enable them to be furloughed, they must give their employer at least eight weeks’ notice of their return to work and the employer will not be able to furlough them until the end of the eight weeks.

USEFUL LINKS: –

 

  • Top Accountancy firm, Dains, have compiled a number of useful HMRC advice and areas for businesses to focus on including: –

·         Time to Pay – HMRC

·         Raising finance

·         COVID-19 Business Interruption Loan Scheme

·         COVID-19 Bounce Back Loan Scheme

·         COVID-19 Job Retention Scheme – A Practical Guide (Check out our Top Tips)

·         COVID-19 Job Retention Bonus

·         COVID-19 The Self Employment Income Support Scheme

·         Financial forecasting

·         Grant applications, loans and funding

·         Cash management and profit improvement

 

Have a look at Deloitte’s upcoming webinars on COVID-19: – 

 

  • 3 December 2020
    The COVID-19 webinar: health, economics, business

The COVID-19 webinar: health, economics, and business

 

  • 17 December 2020
    The COVID-19 webinar: health, economics, business#

  • For the latest Government advice and support: –

Click on this link for help and support if your business is affected by COVID-19 from the Government’s website

To keep up to date with the latest developments on COVID-19, advice to employers, businesses, and employees, please follow our company page on LinkedIn HERE.

You can also follow us on FaceBook HERE

On Twitter by following astute_recruit

& Instagram HERE

 

 

 

As part of a series of collaborations, our MD, Mary Maguire is working with specialists across Finance, Accountancy, HR, and Recruitment. Thank you to Mr John Hepworth for his insightful piece on what a CFO needs to know in 2020…..

 

The challenges of the last 9 months have meant a very bumpy ride for many businesses and it is likely that the road will not be much smoother in the coming months. Having had to react to the rapid lockdown of the economy through the furloughing of staff, transitioning to home working, making applications for government support grants and loans, ensuring workplaces are safe for employees and customers – the list could go on!

As a CFO, you must now ensure that your business is ready for a future which is likely to be somewhat different to what has gone before.

Oh, and then there’s Brexit!

The recent focus for the CFO is likely to have been managing cash and mitigating the short-term risks brought about by the precipitous economic slowdown. Having steered your business through that period it is now incumbent on us as CFOs to ensure that our businesses take all the opportunities afforded, whilst avoiding costly pitfalls.

To do this I see that there are several things that we need to have in mind: –

 

  1. A Proper Business Strategy

Depending on our markets, we may need to continue with a defensive strategy i.e. strengthening our balance sheets, building cash reserves, rebuilding, or changing revenue streams, cutting costs and potentially downsizing.

Alternatively, if our market remains buoyant, we may want a more aggressive strategy of investment and growth driven by innovation, enhanced revenue streams, or acquisition(s).

Whatever our strategy, we as CFOs, must know how it is going to be financed and be ready to influence and secure commitment from the Board and senior management to approve bold, strategic moves.

 

  1. Agility To Adapt!

We need to keep our finger on the pulse of the business, our markets, and our customers, and understand the speed at which things change. We should also chart closely the course of the pandemic and of course be ready for potential changes to our business and operations when we exit the Brexit Transition Period on 1st January 2021. All these changes will have potential impact on our busines and will help inform our strategy.

 

  1. What changes to keep.

To continue to support the business over the lockdown and beyond, many CFOs have had to make massive changes to the ways that their finance functions operate, be it increased working flexibility for our staff, greater utilisation of technology for communication, and automation of processes.

 

Some of these changes will be robust, but other may be temporary solutions that require more development. Many of these changes will be beneficial in the longer term and we need to ensure that they are embedded into our processes.

 

For the technological changes, it is likely that capturing the opportunities offered by AI through invoice scanning or building of bots to carry out mundane repetitive tasks may be the differentiator between business failure and success.

 

Now is the time to act.

 

As well as process improvements, we have undoubtedly stripped cost out over the last few months. The canny CFO must work closely with departmental heads and budget holders to manage things to ensure that these costs do not drift back unnecessarily.

 

  1. Embrace The Power Of Forecasting

We all know how important forecasting and budgeting is for our business, but things have just got way more critical. We need to utilise scenario planning more, using best, expected, and worse case scenarios.

 

Budgets of old will become a thing of the past. We should now aim to deliver and utilise dynamic forecasts that are updated and reviewed with management quarterly if not more frequently, ensuring that our strategic direction remains appropriate. KPIs should be set and monitored to enable quick identification of problems or a requirement to change course.

 

Emerging data tools including Power BI and Power Query and having the interim or permanent expertise in your team to deliver the very best in analysis and forecasting is key. As is the plan for knowledge retention for these skills to be developed and retained in your Accounting function.

 

Speed and flexibility must be permanently built into the forecasting and planning process to facilitate faster decision making. Remember too that accurate and timely reporting and data is even more crucial during times of turbulence.

 

 

 

  1. Taking Our Teams With Us And Having The Right Talent!

We may have had to let team members go over the last few months, but it is vital that we invest in the finance team and ensure that all staff has a Covid secure environment in which to work.

It is also critical to ensure your team has the right skills to ensure the delivery of business objectives. This may involve training, but exceptional leadership is imperative especially when managing team members who are working remotely.

Alternatively, for businesses doing well, the success of a CFO will be measured on the continued performance of their operational, production, and finance teams. Ensuring you have the right talent and the best possible people for your business is critical.

As always, whether facing economic headwinds or not, talented accountants, sales, marketing, and other experts are in demand. You need to ensure that your business is front and centre in terms of employer branding in the sector you operate within.

Ensuring key relationships with trusted recruitment partners are maintained but also allowing exceptional local sourcing specialists such as Astute Recruitment Ltd, to alert you the best possible talent available.

 

 

  1. Marketing, Branding, Position, and Perception

As CFO – the art of effective budgeting to inform critical decision making has never been so important. One of the truest ways to enhance a business is to ensure that social media channels are up to date, with relevant, high-quality original content. With usual sales presentations and pitches increasingly shifting online, there must always be a place on the balance sheet for marketing expertise to bring your brand and business to potential customers, clients and potential future hires.

 

& Finally, next time we will be ready!

I imagine that many businesses risk registers did not include a pandemic as a critical risk. We must rectify this and take all our learnings to ensure that we have robust processes in place for any repeat. We should also keep our contingency plans up to date in case of another serious downturn; this maybe being ready to downsize, liquidate assets, or secure additional funding.

 

As well as steering the business through the choppy waters of Covid-19 and Brexit we must not forget the CFO’s responsibility for sustainability and environmental protection. We must move on from the box-ticking exercise of CSR and ensure that in the new world sustainability becomes an inherent part of our business operations and strategy.

 

Not much to do then!

 

An article by John Hepworth. You can view John’s profile on LinkedIn by clicking below: –

LinkedIn

What does a CFO need to know in 2020? Astute Recruitment provides the inside track
What does a CFO need to know in 2020? Astute Recruitment provides the inside track