Life post budget 2025
Description
Keywords
cleaning industry, SSP, budget, small business, employment law, sick pay, recruitment, financial planning, employee contracts, absence management
Summary
In this episode, the hosts discuss the significant challenges facing small cleaning businesses due to new government policies, particularly the introduction of Statutory Sick Pay (SSP) from day one. They express frustration over how these policies disproportionately affect smaller businesses compared to larger corporations. The conversation delves into the financial implications of increased sick pay, the need for better employment contracts, and the shift towards self-employment as a response to rising costs. The hosts emphasize the importance of preparation and adaptation in navigating these changes while maintaining a focus on employee welfare and business sustainability.
Takeaways
The government policies often overlook the needs of small businesses.
SSP from day one will disproportionately affect small cleaning businesses.
Higher absence rates among staff are a significant concern for cleaning businesses.
Financial planning is crucial to prepare for increased sick pay costs.
Contracts and handbooks need to be updated to reflect new policies.
Back-to-work interviews can help manage employee absence effectively.
The shift towards self-employment may increase as costs rise.
Rising costs will necessitate price increases for cleaning services.
Trust and stability in business operations are essential for long-term success.
Good businesses will differentiate themselves in challenging times.
Titles
Navigating the Budget and SSP Challenges in Cleaning
The Financial Impact of New Sick Pay Policies
Sound bites
"It's a hidden cost."
"We will adapt and cope."
"Good businesses will survive."
Chapters
00:00 Introduction to Budget and SSP Challenges
02:53 Impact of SSP on Small Cleaning Businesses
05:54 Financial Implications of Increased Sick Pay
08:44 Preparing for Changes in Employment Contracts
11:25 Managing Absence and Employee Expectations
14:30 The Shift Towards Self-Employment
17:23 Rising Costs and Pricing Strategies
20:11 Recruitment Trends in the Cleaning Industry
23:15 Trust and Stability in Business Operations
26:04 Conclusion and Future Outlook



