October Newsletter

Oct 4, 2023 | Newsletters | 0 comments

HOW TO COMBAT EMPLOYEE BURNOUT AND MAINTAIN PRODUCTIVITY

As 10 October is World Mental Health Day, it is a good time to reflect on the importance of employee wellbeing. In the demanding landscape of the business world, it can be easy to become burnt out from the routine and stresses of the working environment. Therefore, having strategies in place to support employees shall combat burnout and maintain business productivity, helping employees, employers and businesses thrive.

THE CONSEQUENCES OF BURNOUT

Though burnout can be associated primarily with studying, it can also be experienced within businesses. Excessive workloads and harsh deadlines can result in exhaustion and diminished motivation. Hence, burnout, which can be described as unhappiness, disengagement, and feelings of constant tiredness.

Businesses must consider ways to reduce and avoid these feelings of burnout to protect the well-being of their employees. Furthermore, employers have a legal duty to ensure that measures have been put in place to reduce stress in the workplace.

Below are three examples of strategies that can be used to combat employee burnout and maintain employee happiness and productivity.

FLEXIBLE HOURS

Flexible working hours can allow for the greatest optimisation of work achieved as employees can adopt healthier time management. By allowing a scope of hours employees must work a week and allowing them to choose their best routine, they have greater access to a healthier work-life balance and are more likely to be productive.

REMOTE WORKING

This flexibility can also come from remote working as it allows employees to reduce their stresses by being able to adapt and manage their workloads at their own pace. By having access to a healthier work-life balance through working from home, employees can avoid the effects of burnout.

CLOUD-BASED SOFTWARE

In addition to working from home, cloud-based software can also allow businesses to remain productive and avoid employee burnout. Having easy access to work software leads employees to be more productive while working from home, especially if it is streamlined like many of the cloud-based software are. It makes working from home, or any environment, more accessible and easier for employees to optimise their time working. Have a look at the Cloud Solutions part of our website to see what could suit you.

Therefore, combatting burnout through employer’s flexibility and trust in their employees allows business productivity to be maintained. By placing employee well-being as one of the more important aspects of businesses, the benefits will be evidenced through the productivity achieved.

AUTUMN STATEMENT 2023

This year’s Autumn Statement has been set for 22 November. With rumours such as inheritance tax being abolished, the National Living Wage to be increased and announcements regarding the UK net-zero goals, it is crucial to make sure you stay up to date with the outcomes of the statement to see how they could impact you.

ROYAL MAIL STAMP PRICE INCREASE

From 2 October, the Royal Mail increased their stamp prices yet again this year, with the previous increase occurring back in April. Some of the changes are detailed below:

LETTER CLASS AND SIZENEW PRICEOLD PRICE
First Class – Standard£1.25£1.10
First Class – Large£1.95£1.60
Second Class – Standard  £0.75£0.75
Second Class – Large£1.55£1.15

The Royal Mail has also increased the cost of other domestic services, so to find out more information regarding this change, visit: Prices 2023 | Royal Mail Group Ltd

A REMINDER OF OUR PERMANENT ADDRESS:

Riverside Farm, Hollow Road

Ramsey Forty Foot

Huntingdon

Cambridgeshire

PE26 2YB

All our telephone numbers and email addresses have remained the same.

If you have any questions regarding this change, please do not hesitate to get in touch.

IMPORTANT DATES FOR OCTOBER

DATEWHAT IS DUE
05/10/2023Deadline for notifying HMRC of chargeability for 2022/23 if not within Self-Assessment and receive income or gains on which tax is due. i.e. to register for Self-Assessment.
19/10/2023PAYE & NIC deductions, and CIS return and tax, for month to 5/10/23 (due 22 October if you pay electronically).
31/10/2023Paper submissions of Self-Assessments (online submissions due 31/01/2024).
01/11/2023Corporation tax for year to 31/01/2023, unless quarterly instalments apply.
19/11/2023PAYE & NIC deductions, and CIS return and tax, for month to 5/11/23 (due 22/11 if you pay electronically).