PRESS RELEASE: Underperforming employees cost UK SMEs £39,500 every year

Nine in ten small businesses report new hires need more support than initially anticipated 14 November 2018, London, UK – British SMEs are bearing the brunt of the skills crisis, with underperforming employees costing each firm £39,500 a year on average. Consisting of salary costs and lost growth, SMEs are losing substantial amounts of profit due to poor hires. This …

Recurring Revenue

Hewlett Packard’s latest printers all come with the offer of ‘Instant Ink’, a subscription service through which Ink Cartridges are ordered by your printer itself so that you never run out of ink. The service is sold on the basis that ink bought this way is 70% cheaper than buying cartridges as you need them. Great recurring revenue! Hewlett Packard …

High Performing Finance Teams — Why you need them, what they do for your business and how to get them.

The Finance function is no longer just about the numbers. All businesses benefit from a high performing Finance Team in-house as trusted, strategic advisers. But traditionally the role of the Finance Departments was is to ensure compliance and that the cash flow was well managed. Finance teams would remain in a silo, separated from the rest of the business, and …

Setting up a Purchase to Pay Process

The Purchase to Pay Process (P2P) is the complete cycle from identifying a need to purchase an item, through selection of supplier, receipt of goods, invoice and payment. It ensures there are the right controls and processes in place to achieve the outcomes an organisation has highlighted as key to them. This could be low cost, best service, longest payment …

Auto-Enrolment Pensions Schemes

At the Sunflower Group we have a trusted network of partners and we actively share their thoughts, we are sure you will find the following insightful. The government initiative for Auto-Enrolment pension schemes came into effect as of October 2012. Throughout the past five years employers across the country have reached their staging date, resulting in over six million people …

Successful Sales Compensation Planning and Improving Business Performance

Selling is difficult and it’s hard to hire and keep good sales people. This can impact Business Performance, so how do we simplify it? Get your Sales Team’s sales compensation plan (Comp Plan) right and it will help engage and motivate them and ultimately drive the sales performance your business needs. Therefore, it’s critical that time is taken to develop …

Flexible Working – what impact does it have on company profitability?

What does Flexible Working mean? When I started my career I was able to work ‘flexi time’, this meant if I worked a longer day one day I could accumulate that time and work a shorter day another day. This was forward thinking back then and a revelation to my friends whose employers didn’t offer such things – it did …