The business’s reputation in its field, its commitment to innovation and similar issues are all involved Q How do you ensure your business falls into this category? A You need to build a culture that values and retains talent. Many companies fall back on offering more money – with the risk that this is a sort of game that successful employees play with their and other employers in order to secure bigger pay rises. How do you estimate how many employees you will need in the future? A. You need to forecast sales and plan future production levels, so that you can estimate the amount and type of work that will be required.

Once you have decided how much of this can be done by the existing workforce, set about filling the gaps.
Q What can I do to keep staff? A. Q How do you find the best people? A Finding the right people need not be a lengthy project Make sure you take time to make the right decision Q. But the Wheelers are right to spend time recruiting the right people. This way they will minimise the risks to their new business and maximise the opportunities of bringing in people who will continue to augment WDMP and contribute to its success.Have your say in HSBC Bank’s UK Business Referendum 2004 – you could win one of 4 prizes worth £20,000 var imgSrc=” http:// “; imgSrc += “hsbc_our_view_of_the_future_3.gif”; imgSrc += “?r=” + new Number( Math.random()* 10000 + new Date().getTime()).toString(); document.writeln(“”);.

SMEs should also consider other employee benefits to help recruit, motivate and retain the right people. Benefits such as sick pay, pensions, holiday entitlement, life assurance, company cars (or cash for cars) and healthcare. Giving your employees access to training and development opportunities can also be a good motivator whilst also benefiting the business through increased skills and capabilities. There are so many tasks to be done when you are establishing a new business. They have looked beyond basic pay and considered their target recruits’ wider needs. So, locating in Richmond and paying profit related bonuses are two key elements of their package.