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: –

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.

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 1^st January 2021. All these changes will have potential impact on our busines and will help inform our strategy.

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.

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.

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.

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: –

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

Have you got the right PPE for your career?

Is the job paying the most, the best one to go for? Why PPE is the true currency when looking for staff or a new job.

The current job market is so different to any other situation. In the last economic crisis back in 2008/2009, job boards were just starting to become ‘a thing’.

People’s individual brands were mainly about their cv, with LinkedIn and other social media just a useful addition for those in the know!

Now, for the first time, we have a fully digitised job market. Of companies vying for the best talent, recruitment agencies swamped with applications using anonymous algorithms to ‘sift’ candidates. Job seekers, desperate to make their experience shine above lots of others.

The result?

An often jaded customer experience by everyone from hiring managers to recruitment professionals and of course those looking for work.

Here at Astute, there is a new way forward. It doesn’t involve anonymous emails and forgotten banks of candidates.

During the Lockdown, we heard first hand, the power of the spoken word. Talking directly to people. From CFOs to HR professionals. From credit control clerks to aspiring part qualified and experienced management professionals in accountancy and finance.

Was our team expecting to pick up jobs? No. But funnily enough, we did!

Our strategy, as always, was to simply keep in touch with as many candidates and business contacts as possible.

How?

By a simple phone call!

That personal interaction, and conversation, was not about Recruitment. It was often just chatting about how people felt, giving reassuring advice, help, and support.

There were laughs. There were tears. But every call was an opportunity to say we are here and we are here to listen and help.

So, back to my original question. The best paying job isn’t the criteria to judge a potential new employer by or on which agency or advert to apply to.

No!

The best jobs should be judged on the company’s social and interpersonal currency. Ask yourself, “Do you get a personal connection with that company?”

This is where good recruiters come in!

As brand ambassadors and knowledge experts, we can advise our customers on the hidden things you never see on a job description.

What’s the culture like?
Does the company treat people fairly?
Will they be a really supportive employer?
What’s the real reason for the role?
What’s the real working hours expected in that business?

Equally, for employers, and hiring managers, we can steer them to the right person for their team. It could be someone more experienced than they thought they needed. It could be the overlooked up and coming person. Lacking experience but with that ‘something special about them’ who will be a star.

The trust, honesty, and relationships with all our people, our team, our customers, and the brands we represent, are about going back to the future.

Using the latest technology but never forgetting we are dealing with people.

Thats the true currency of recruitment, business and life.

Proper Personal Engagement.

PPE.

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

Temporary contact numbers for Astute Recruitment Ltd

Due to a temporary, technical hitch since moving offices, if you need to call us, please call one of our MDs and they will be pleased to assist you.

Mary Maguire: 07717 412 911

Sarah Stevenson: 07966 258 509

As soon as our landline communications are restored, we will let you know!

A heartfelt message from one of our candidates during the lockdown!

“Thanks Mary for your words of support and inspiration over the past two months whilst I have been searching for a new role. Our phone conversations and your posts on LinkedIn have helped me remain positive, inspired me to reach out to others and post more on LinkedIn, they have also helped me identify my strengths and also my weaknesses.

Your fantastic webinar by Richard McCann also inspired me to build my resilience, believe in myself and also show a more caring attitude towards others. Times are tough for all of us, we need to support each other and I wish you and all at Astute all the best for the future.”

Thank you Nick, this is why our team tries so hard to offer the personal touch and genuinely tries to help people by offering support and constructive advice to help them in their job search.

A great way to end a great week!

Mental Health Week Can Your Business Afford to Ignore Mental Health?

We investigate the key impacts, costs, AND savings to companies of mental health at work.

Mental health has increasingly been highlighted as a key factor in business and employee performance, success and productivity.

This year’s Mental Health Week has special importance with the global fight against covid sars 2. Millions of workers, everywhere, across the world have been impacted.

Some working remotely, some furloughed. Some facing redundancy. Some already recently made redundant.

People’s work suroundings and working conditions have been turned upside down in just a few, short months, and whilst efforts to crank up the wheels of industry are in motion, the working landscape is likely to have been changed forever.

Nearly 1 in 7 people, almost 15% suffer some degree of mental health problems at work.

Men in full time employment are half as likely as women to experience mental health problems.

Nearly 13% of all staff absences in the UK can be attributed directly to mental health conditions.

According to research, improvements to mental health frameworks at work could equate to over £8bn in savings for UK businesses alone!

In today’s uncertain ecconomy, business owners, Finance Directors and senior management are more conscious than ever to seek good returns on investment and save money and more importantly improve staff engagement, morale and resilience.

What better way than to invest in staff?

But what are the cost benefits? How can this improve my balance sheet and company performance?

According to The Mental Health Foundation, workplace interventions including employee screening and care management strategies for those living with (or at risk of) depression was estimated to cost £30.90 per employee for assessment, and a further £240.00 for the use of CBT to manage the problem, way back in 2009 alone.

An economic model conducted in a company of 500 employees where two thirds are offered and accept the treatment, an investment of £20,676 will result in a net profit of approximately £83,278 over a two year period.

So, how can employers, HR teams, business leaders put in place policies to effectively improve employee wellbeing and mental health in their workforce?

Make it personal.

Employ personalised, tailored information for staff

Create bespoke advice specific to your staff, your business and working environment

Create risk assessment questionaires

Encourage staff to watch online seminars

Implement online workshops using experts

Use experts. You don’t have to do this alone. Use businesses like Precise HR Ltd, who can give honest, tailored advice specific to your company, workforce, industry and importantly, your budget!

The cost?

Approximately £80 for every employee, for 12 months.

The saving?

According to the Mental Health Foundation, for a company with 500 employees, where all employees undergo interventions, it is estimated that an initial investment of £40,000 will yield a net return of £347,722 in savings. Mostly due to reduced presenteeism (lost productivity caused by an employee working while ill) and absenteeism (work hours missed due to ill health).

In another article by Michael Parsonage and Geena Saini, their report highlights that mental health problems in the UK workforce cost employers almost £35 billion just 3 years ago.

They broke down the overall costs as follows: –

£10.6 billion in sickness absence;
£21.2 billion in reduced productivity at work, or ‘presenteeism’
£3.1 billion in replacing staff who leave their jobs because of their mental health.

So, conclusively, the costs of ignoring mental health for your employees, simply can’t be ignored.

More useful links for detailed reports, information and advice on Mental Health issues: –

The Mental Health Foundation

Precise Hr Ltd

The Centre For Mental Health

The UK Government’s Latest Advice on Mental Health and Wellbeing

…………. Below 2b curated…….

References

Lelliott, P., Tulloch, S., Boardman, J., Harvey, S., & Henderson, H. (2008). Mental health and work. Retrieved from gov.uk/government/uploads/system/uploads/attachment_data/file/212266/hwwb-mental-health-and-work.pdf

Stansfeld, S., Clark, C., Bebbington, P., King, M., Jenkins, R., & Hinchliffe, S. (2016). Chapter 2: Common mental disorders. In S. McManus, P. Bebbington, R. Jenkins, & T.Brugha (Eds.), Mental health and wellbeing in England: Adult Psychiatric Morbidity Survey 2014. Leeds: NHS Digital.

ONS. (2014). Full Report: Sickness Absence on the Labour Market, February 2014. Retrieved from webarchive. nationalarchives.gov.uk/20160105160709/http://www.ons.gov.uk/ons/dcp171776_353899.pdf [Accessed 28/07/16].

Sainsbury Centre for Mental Health. (2009). Briefing 40: Removing Barriers. The facts about mental health and employment. Retrieved from ohrn.nhs.uk/resource/policy/TheFactsaboutMentalHealth.pdf

Knapp, M., McDaid, D., & Parsonage, M. (2011). Mental Health Promotion and Mental Illness Prevention: The Economic Case. Retrieved from gov.uk/government/uploads/system/uploads/attachment_data/file/215626/dh_126386.pdf [Accessed 02/07/16].

Temporary Workers & Covid-19. We answer your FAQs

Coronavirus (COVID-19)

We have put together the most frequently asked questions by temporary workers to help you keep safe, healthy and take the best precautions in the current lockdown.

Q: What protective measures can I take to prevent possible contraction of COVID-19?

Follow the guidelines outlined on the UK Government’s website HERE.

In summary, the advice is to do the following.
· Avoid close contact with people who are sick.

· Avoid touching your eyes, nose and mouth.

· Stay home when you are sick.

· Cover your cough or sneeze by either sneezing into your elbow or with a tissue, then immediately throw the tissue securely away in a covered bin.

· Clean and disinfect frequently touched objects and surfaces using a regular household cleaning spray or wipe.

· Wash your hands often with soap and water for at least 20 seconds, especially after going to the bathroom; before eating; and after blowing your nose, coughing, or sneezing. It does not matter if the water is hot or cold. The most important thing is to ensure you wash your hands for at least 20 seconds thoroughly. About the length of time it takes to hum ‘Happy Birthday’ twice.

· If soap and water are not readily available, use an alcohol-based hand sanitiser with at least 60% alcohol. Always wash hands with soap and water if hands are visibly dirty. For further guidance on handwashing: https://www.cdc.gov/handwashing/

· It is also a good idea to avoid close contact with people in a business setting, e.g., shaking hands. You may inform the individual that while you respect business protocol, you think it is a good idea to avoid handshaking while this outbreak is happening.

What should you do if you are currently a temporary worker for Astute Recruitment Ltd, on a temporary assignment and the following happens? Your FAQs answered.

Q: What if I test positive for Coronavirus (COVID-19)?

Do not report to work if you are on an assignment or project. Call your consultant at Astute Recruitment Ltd as soon as you practically can and let us know you have tested positive for COVID-19, and we will give you further guidance.

Your Recruitment Consultant will contact the client straightaway for you.

Q: What if I may have been exposed at my worksite to someone who tested positive for COVID-19?

Please contact the Astute Recruitment office immediately and tell your Recruitment Consultant that you believe you have been exposed at your work to someone who tested positive for COVID-19. You’ll be given further guidance. If your normal recruitment consultant is not available – please contact Mary Maguire on 07717 412 911 who will deal with this immediately for you.

Q: What if I feel sick? What should I do?

Your health and wellbeing are of the utmost importance. Contact our Astute Recruitment Head Office or your Astute Recruitment Consultant if you are sick.

Importantly;

DO NOT REPORT TO WORK
IF AT WORK, GO HOME IMMEDIATELY.
SEEK MEDICAL ADVICE AS SOON AS POSSIBLE (Call 911)

If you are diagnosed with COVID-19, please follow all medical advice and stay home until you have recovered and have been medically cleared to return to work. Your Recruitment Consultant at Astute Recruitment will inform the client about your availability and when you are able to return to work. For the Government’s latest advice and information, click HERE.

Q: What if the client’s worksite where I work closes?

Contact our team at Astute Recruitment straight away to let them know the client has decided to close their office(s) for a ‘period of time’.

Your Recruitment Consultant at Astute Recruitment will work with the client directly to determine if your work can be done remotely and if you can do so. If remote working is not possible, your assignment or project could come to an end. This is likely to be at the client’s discretion. If your temporary assignment should be ended, our team at Astute Recruitment will do our very best to secure another opportunity for you to continue working.

Q: Will I get paid if I am home ‘sick?’

You could be entitled to statutory sick pay. Please contact our office at Astute Recruitment or your consultant direct, who will then communicate with the client directly and provide you with more information.

Q: What if I am asked to travel internationally for my assignment?

Travel is suspended to all countries noted on World Health Organization and UK Government restricted lists, which are based on the very latest government advice and alerts. This is a changing situation and countries with travel notices change often. Astute Recruitment Ltd is monitoring these notices and you are encouraged to check these too.

If you are comfortable travelling, follow the travel guidelines on the Government website. If you are not comfortable travelling, you are not required to go. Contact your Astute Recruitment Office or your consultant, and let them know that you have been requested to travel and you do not feel comfortable doing so. We will work with the client regarding your concern(s).

Q: What if the client asks me to travel domestically for my assignment?

If a business trip requires you to travel well beyond your regular daily commute, requires air-travel, an overnight stay or extended travel, and you are not comfortable doing so, please contact us. Inform your Astute Recruitment office or your consultant at Astute. Inform us that you have been asked to travel and you do not feel comfortable doing so. We will work with the client regarding your concerns.

Q: What if my child’s nursery/ school is closed due to potential Coronavirus exposure or I am unable to leave my home to go to my assignment as I have no-one to look after my child?

Currently here in the UK, the Government has instructed that only children of critical workers may be allowed to go to school/ nursery. If you are not a critical worker, your child or ward will be required to be looked after by you at home. You can see the Government’s full guidance HERE.

Explore if you have alternate childcare options. For instance, a partner, or relative, as part of your household, who could look after your child/ children while you are at work. If no one is available, contact Astute Recruitment or your consultant at Astute Recruitment, and they will work with the client to find out if any of the work can be done remotely. If not, your assignment could be ended. This will often be at the client’s discretion. Again, your consultant and the team at Astute will work with you to find another temporary assignment, based on your availability.

Q: What if I have taken a personal trip or vacation and travelled to or from another country, should I tell Astute or the client myself?

Currently, the instruction from the UK Government is that all non-essential foreign travel is forbidden.

If due to an emergency, you travelled to a country without WHO (World Health Organisation) travel restrictions, and you are not experiencing any illness or symptoms, you are not required to communicate information about your travel.

If you’ve recently visited a country or area under travel restriction from the World Health Organisation or UK Government contact Astute Recruitment or your consultant at Astute for further guidance before returning to work.

An article by Mary Maguire, MD, Astute Recruitment Ltd

Everyone everywhere has been touched, affected and humbled by the unfolding events. From Miami to Mumbai, from Derby to Damascus.

Politicians, scientists, and medical experts update us daily on our national progress ‘beating the curve’, what steps we need to take to protect our amazing NHS and sadly how many have succumbed. But, what next?

What is key to businesses, workers, Recruiters, and MDs is when can we get back to work? What will work look like? Will I be able to find a new job? How will my business survive? How can I feed my family/ pay my mortgage without an income?

It’s natural and normal to feel anxiety, alarm, and stress on what is going on around us now. I feel it. Everyone does.

Thats an entirely normal reaction. But it isn’t very constructive or inspiring or healthy to constantly dwell on the news feeds. Lets not focus on what’s happened, instead, what can we do? What does the future hold?

We need to view our working futures and embrace a bold, new tomorrow. Learn from remote working, digest how much can be done by workers at home.

What can help everyone is thinking ahead.

Imagine what the new normal will be.

In your mind’s eye, visualise you/ your business / your team working again. What could that look like?

I’ll help.

First, companies and business owners.

It will be a completely different business climate compared to just a few, short months ago. Many companies and businesses were doing well, looking to expand, take up larger offices, increase the number of employees.

Others were having some difficulties but just about coping, having just enough ‘in the bank’. For many, there was no contingency, no ‘rainy day’ cash for unforeseen situations. And my goodness, this needed a Noah’s Ark of a contingency!

As we come out of this, working restrictions will slowly be lifted. Antigen tests will enable employers, employees and people everywhere to finally understand if they have/ hadn’t had ‘it’ or if they are immune. As this gets rolled out, companies will have to maintain social distancing, but teams will be able to go back to work on a phased return. Many of them. All of them in time.

Employers will need to keep ahead of changes to employment contracts to cover working from home. Businesses will need to ensure the relevant insurance covers are in place to cover remote workers. HR experts like

Overhangs in business will mean remote working is a ‘thing’. If nothing else, the myriad companies who have initiated, innovated IT enabling their employees, where possible, to work from home, can see that this flexible option can work, and work well. Presenteeism should finally be killed off.

Companies will benefit from a genuinely mobile, flexible workforce. Ongoing rotas with team meetings but with the flexibility to accommodate those who need to be at home, won’t be frowned upon. Their bosses and work colleagues will know they are busy doing their jobs and are working hard in their offices at home. This is also an opportunity, as an employer, to show your staff you care, are fair and decent. If you can do this, your staff will never forget this and you will build the strongest bonds of loyalty in your workforce and retain talent.

Show your business cares about your employees. Having the empathy and time to understand the personal dilemmas faced by your staff, showing them you are there to support them psychologically and practically are key.

Ensure your balance sheet has some ‘give’, look to build trust with your suppliers, debtors and clients. Ensure protocols are in place if lockdown procedures have to come back. Preparedness and contingency planning will be essential. You need to be totally aligned with your Financial Director / Financial Controller and Senior Management team. Scrutinise your credit control processes. This is also an opportunity to build lasting relationships too with your suppliers by having proper negotiations on payment terms and perhaps temporary measures. Help your suppliers to help you.

Ensure your customers KNOW you are still in business. This is a biggie. Use great local businesses like Mark Saxby, at Derby’s Status Social to professionally keep your brand alive, online and seen by potential clients and customers.

Create useful, impactful content but always be mindful not to appear arrogant, ignorant and ill-tuned to businesses and people currently having a very hard time. Have opinions by all means, but you need to make sure not to damage your brand inadvertently.

Unsure about content creation? Organisations including East Midland’s Love Business, East Midlands Chamber, Marketing Derby are experts in business and can put you in touch with marketing content writers, often local businesses in your local area. Remember, you need to try and ensure your customers know you exist and are ready to help them when they need your service. You need to keep your brand and team alive and in the thoughts of your potential, target customers while the lockdown continues and consistently after the lockdown starts to be lifted. Now is not the time to furlough your marketing team.

Take heart too. The demands for services, retailers, manufacturers, builders, engineers and suppliers WILL return. So those companies that have used the Government’s support mechanisms and been able to utilise their accountants and credit control teams to bolster cash, WILL be in demand.

The dreaded B word, ‘Banks’. Many, many business owners, Financial Directors, CFOs and MDs have said that the Banks continue to be very nervous about lending and not as helpful as the government or the business community would like. Some much more friendly banks to approach who appear to be much more helpful are HSBC, Allied Irish Bank and Natwest.

What about employees?

Workers are beginning to realise to know just how big a seismic shift economically, socially and psychologically has been created. There is no magic bullet to get us back to where we were before. Instead, online communications via Microsoft Teams, Skype or Zoom will be key. If you haven’t already used one of these, check them out. This will be a much greater part of our working world as we move forward.

Create a household timetable. Set alarms to ping for regular breaks from work. Many, many people I’ve spoken to have struggled to work on their own and have found themselves working 4 or 5 hours without a rest. No usual office distractions are great to create focus to get projects and key work done, but it’s not healthy mentally or productivity-wise to soldier on without regular breaks.

Exercise, take a walk, a yoga workout will all help. Exercise releases endorphins, magical feel-good hormones that will sustain energy levels and make you feel better.

Set regular bedtimes for everyone in the household and regular waking up times.

One good tip I read was how making kids wear school uniforms whilst doing their schoolwork and, adults wearing more formal office attire, triggers recognition in the brain and sets the frame for ‘work time’. This hasn’t worked in my case- I’m rocking the jeans and t-shirt look! I do other things though. I have my designated ‘desks’ in the house for working and stick to them. One is in my bedroom, one is at my kitchen table and the other is the front room sofa when I’m writing articles or compiling marketing early in the mornings before the rest of my household awakens. The point? Have set, defined ‘work areas’ so that psychologically your brain shifts into ‘I’m in work mode now’.

Eat well, Eat healthily. This is a biggie. Working from home can create a lot of temptations to ‘nibble’ and ‘just pick’ at snacks constantly. I have a rule in our house – no food upstairs. So, when I’m ‘hotdesking’ in my bedroom, I’m not tempted to constantly graze on munchies. Everyone needs a treat- just keep to regular mealtimes and regular times to have that choccie bar. Try and create meals from scratch. Frozen vegetables actually have more nutrients than fresh. You can freeze soups freshly made to have the next few days.

Um, alcohol. Yes, we should eat well and not drink ourselves silly either. A healthy way of having a little of what you fancy is fine. Try and build 2 or 3 alcohol-free days during the week. Another tip is to only have a drink at regular times. For me, this is usually at 10pm when the kids are asleep! Little known fact: During the lockdown, a number of people have managed to use this as an opportunity to continue their ‘dry January’ and improve their overall wellbeing at the same time.

The point is, having routines is essential to build healthy habits that become more natural. A new habit takes just 28 days to form so some of us will only have another 1 or 2 weeks and this will begin to feel oddly part of our daily routine. If something feels more ‘normal’ in turn this can help lessen anxiety and worry.

What about my sector – Recruitment?

For my sector, recruitment, business will continue with relative ease. Our clients and team are already conducting interviews of candidates online instead of face to face and this trend looks to continue. My team and I have been using Skype and other apps for some time as a natural part of the recruitment process to help clients and candidates. This will just continue to grow. Meetings with clients will be easier and quicker to book virtually online.

Saving fuel costs.

Saving time.

Saving the environment.

The key for recruitment businesses and companies across the board, will be ensuring internal infrastructure, IT, training are all strong, faultless and as seemless as possible. Consultants need to become more and more comfortable being ‘on-screen’. That goes for employees in all offices. Online, real-time, on-time training and support, needs to be available to consultants and resourcers as and when they need support.

And what of the unemployed? What of the companies that sadly couldn’t survive?

I myself was made redundant in 2009. The gutwrenching, knife twisting agony of job insecurity I understand all too well.

But know this. When the lockdown is phased to gradually open up, there will be opportunities for businesses to be reborn and for those not working to find jobs. It may take some time, but there are great, positive steps you can take to speed up your search for a new job or business opportunity.

If you are unemployed, furloughed or feeling uncertain, there is no harm reaching out to trusted recruiters who have helped you before. But be discerning. Use the people who know you as a person, not just another candidate. Contact the companies that have been busy putting positive, useful, thoughtful content ‘out there’. These are the contacts and connections that will have your genuine, best interests at heart.

Be more active on LinkedIn or set yourself up on LinkedIn if you aren’t already. This is the proper reason why LinkedIn was set up. To allow connections with other business and career professionals to work and help each other, forge new relationships and new opportunities.

Above all, try and be positive.

Talk to trusted friends, work colleagues, and business professionals. Keep connected.

And, most importantly, even if you are on your own, know you are not alone.

If you feel things getting on top of you, reach out. Ring a friend, colleague, family – never feel embarrassed about feeling anxious. They will probably be feeling similar anxiety and be equally grateful to share some experiences.

Human beings are natural, social creatures. Our mental health suffers when we are in isolation and on our own. Talking to one another is one key antidote to dark feelings.

We are all in this together, and together we will survive.

Our next business event will be focussing on ways to cope working from home. We will be looking at how to harness your positivity, maintain energy levels and keep motivated when working remotely. We will be announcing details very soon and have a brilliant guest speaker lined up!

If anyone would like more information on any of the points covered in this article and would like a confidential chat, you are welcome to reach me through LinkedIn, email or simply call me on my mobile 07717 412 911. Alternatively, if you have any ideas for articles or information you would like us to put together – let me know!

Be Safe,

Be Well,

Be Astute.

An article by Mary Maguire, MD, Astute Recruitment Ltd

Supporting people and business.

If we fail to believe we believe in failure.

Whilst Sarah Stevenson and I set up in ’09, clearly a very difficult time, we knew we were great at what we do, confident to carry this through with just Sarah’s redundancy and ultimately we believed.

In ourselves and our ability to source talented accountants for local clients.

We believed in our relationships.

We believed in our loyal clients and believed in our trusted candidates.

Here we are again. Facing a seismic shift in global wealth. But hey, ho. Confidence favours the brave!

We have not made any of our talented family of recruitment consultants redundant.

We have not shut down operations.

We have adapted to the current circumstances, found new ways of working and retained our team spirit and strength.

We continue to work with amazing people and businesses who are also finding new ways of working. New ways to ‘onboard’ new staff.

We have said we will carry on. We believe in our staff, and our clients are working with us to carry on and recruit talented people for their teams even in the current crisis.

Yes, things are different.

Yes, things are difficult.

BUT, if we accept failure is an option, failure becomes a guarantee.

Now is the time for ingenuity, bravery and spirited belief by business owners leading from the front.

If we fail to believe, we are believing in failure.

#believe #belief #BePositive #business #Strength #recruitment #accountancy #accountancyrecruitment #derby #derbyshire #nottinghamshire #eastmidlands #motivationalmondays

To furlough or not to furlough? Here at Astute Recruitment Ltd, we answer your questions.

To furlough or not to furlough? That is the question for businesses up and down the UK. But, what does it really mean for employers AND employees?

Here we break down the common questions employees, accountants and employers have been talking to us about.

The recent launch of the Government’s ‘Coronavirus job retention scheme’ enables companies to continue employing staff with 80% of staff pay covered (up to £2,500 a month) by the Government.

Why the £2,500 ceiling?

£2,500 is the monthly equivalent to the average UK worker’s annual wage of £30,000.

The idea is that staff who would otherwise be made redundant or laid off, can be retained, allowing businesses to retain their talented workforces.

But, there are some strict caveats if a company wants to ‘furlough’ all or part of their employees.

The UK’s Chancellor, Rishi Sunak, announced several measures to help safeguard the wages of millions of hardworking employees who would otherwise have been laid off, and try and relieve cashflow and prevent bankruptcies.

Sunak’s scheme, applicable to all businesses with PAYE employees, will be up and running by the end of April and backdated to the 1st of March 2020. The self-employed are not covered by this scheme.

To access the scheme, businesses have to ‘furlough’ their employees who they can no longer afford to pay.

What does it mean if you’re an employee being ‘furloughed’?

If you’re being furloughed by your boss, it means you’re being sent home, but will still receive 80% of your monthly salary, by the Government, up to a maximum of £2,500 a month.

First, you need to agree to be put on furlough by your employer. They can then apply for the money directly to the Government. You cannot apply for it yourself.

Your employer can choose to ‘top up’ your pay with the remaining 20 per cent of your wages, but they are not legally obliged to do so.

If your annual salary exceeds £30,000, i.e. You earn more than £2,500 a month, your employer can choose to ‘pay the extra’, but again, this is at their discretion.

You will still continue to pay income tax and national insurance contributions while on furlough.

Whilst furloughed, your employer cannot ask you to perform any work duties or services which will generate revenue for the business. They can, however, ask you to do ‘training’ to improve your job skills.

Employees on zero-hour contract CAN be furloughed.

Temping through a recruitment agency or working on a flexible contract? You are also eligible to be furloughed; –

For those on zero-hour contracts, where you don’t necessarily earn the same amount each month, your employer should give you 80% of your average monthly salary since you started working.

That also applies to workers employed for less than a year.

If you have worked for your employer for 12 months, or more, you should receive 80% of your average monthly salary OR 80% of what you earned in the same month during the previous year – whichever is the higher.

If you only started work in February, your employer will pro-rata your earnings from that month. But if you’ve started working on the 28th of February or after, you are not eligible.

If you have been made redundant after the 28th of February 2020, or even if you left a job after that date, you could be re-employed under furlough if your employer is willing to do so. Otherwise, you will have to claim unemployment.

Can you be furloughed if you are off sick?

If you have fallen ill, and in the meantime, your employer has had to shut down, you should get statutory sick pay first, but can be furloughed after that.

Those who are self-isolating because of coronavirus are also covered.

What if you have been off ill and in the meantime, your employer has had to shut down? First, you should get statutory sick pay, but you can be furloughed after that.

Employees who are ‘shielding’ and those vulnerable to potential severe illness caused by the coronavirus, can also be placed on furlough.

Currently, employees can be furloughed from a minimum of three weeks up to three months, although the Government may look to extend that if needed.

Which businesses can apply?

Any company with employees can apply, including, but not limited to; charities, recruitment agencies, and public authorities.

Most public sector organisations are not expected to apply, as ‘the majority of public sector employees are continuing to provide essential public services or contribute to the response to the coronavirus outbreak’ say the Government.

Businesses who are receiving public funding specifically to provide services necessary to respond to the coronavirus outbreak are not expected to furlough staff.

Employers can furlough staff for a minimum of three weeks and are not allowed to rotate employees on furlough.

In order to access the scheme, businesses need to change the status of their employees to “furlough workers” and submit the information to HMRC.

HMRC is currently working to set up a system for reimbursing companies with access anticipated by the end of April. Due to volumes, accountants and businesses are warned that they may not be able to receive payments until mid-May.

For the Government’s full, current, official guidance click this link https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme#employees-you-can-claim-for

Astute Recruitment Ltd.

Supporting people and businesses through the current crisis.

Mary Maguire
MD Astute Recruitment Ltd

Mobile: 07717 412 911
Head Office: 01332 346 100

CIMA and all the professional Accountancy bodies including the ACA/ ICAEW and ACCA and AAT are working hard to ensure that their members have access to useful training courses. At this unprecedented time, we feel that this is great for all qualified or studying accountants to keep motivated, keep challenged and keep growing!

Yes we know things are hard, but we will emerge from this and for those in the finance and accounting professions, it has never been more important to ensure you are up to date with the latest advice and information.

Something to keep your mind active.

Some useful links are below for your convenience…

Click HERE to access CIMA’s latest free online activities for their students and qualified accountants to access while self-isolating or remote working.

Click HERE to access the ACCA’s portal for training, information and more.

Click HERE to access the ICAEW’s website and view their latest tips and advice to their accountancy students and members.

Click HERE to access the latest news from the AAT for all their accountancy and finance students.

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Mike

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.

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! 😊

Christine

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 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 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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