Lula’s Post

As we move into 2024, businesses are looking for any advantages available to counteract the remaining challenges from last year and that may arise in this one. The cost of doing business will remain the key consideration for all senior teams; but whilst going over the detail is important an outside perspective is often as valuable. That perspective often comes from a NED or independent chairperson who is able to offer both specific sector expertise and wider business experience. It is no surprise to us that two Peach 20/20 Award Winners, CARAVAN & Turtle Bay Restaurants, benefit from the involvement of NED of the Year, Jane O'Riordan. To help the industry understand the benefits of listening to theses individuals COREcruitment Ltd commissioned a survey with the collaboration of over one hundred of their NED contacts. View the survey here: https://ow.ly/iIF850Qo78o #NED #hospitality #hospitalityexperts

Navigating the Holiday Hustle: Your Small Business Guide to Christmas in NZ! 🎄 The festive season brings both challenges and opportunities for Kiwi small businesses. From planning memorable events to managing taxes and cash flow, proper preparation is key. Explore our latest blog post for practical insights on thriving through the holidays. Curious about responsible party planning, tax considerations, and effective cash flow management? Dive into the details and make this Christmas season a success for your business. 📈💼 Read the full blog post here: https://lnkd.in/geVcHXYD #ChristmasInNZ #SmallBusinessSuccess #HolidayGuide

Get ahead this festive season🎄? Remember, expenses for your Christmas party can be claimed if they're primarily for business purposes. This includes venue hire, food, drinks, and even entertainment costs ✨! Keep receipts and ensure expenses are reasonable 📝. They need to be directly related to your company's celebrations too. Need guidance 📞? Erdingsworth is here to help navigate your business expenses effectively. #ChristmasPartyPlanning #BusinessExpenses #FestiveSeason #Erdingsworth #FinancialAdvice

Together with the Restaurants Association of Ireland, we surveyed hospitality businesses in Ireland to understand the impact of tipping and views on “The Payment of Wages (Tips and Gratuities) Act 2022”. According to the survey, 100% of respondents believe that tips contribute to their staff morale and directly influence the provided customer service. This is not surprising, given that tips can account for a substantial portion of an employee's income. While half of respondents are in favour of the legislation, 20% feel like they don't have sufficient processes in place for staff to benefit from the legislation. One-third of respondents said that they would benefit from implementing cashless tipping solutions. URocked's OneDevice streamlines bill and tip payments into a single transaction and simplifies tip distribution. Our existing clients have seen a threefold increase in staff tips! Plus, it's legally compliant with the legislation, eliminates admin costs for business owners, and ensures 100% of tips go directly to staff Learn more about our solutions here 👉 https://urocked.com/

The economic landscape in Ireland poses a significant challenge for the retail sector. A recent survey among REI members revealed that retailers are facing unsustainable business costs, further strained by the rise in the national minimum wage and increased sick pay leave. With the impending auto-enrollment in pension schemes, the deposit return scheme launch, and the incoming net 30-day payment terms pose significant challenges for retailers in 2024. Findings indicate that 48% of retailers surveyed lack the necessary bandwidth to effectively handle the escalating cost of doing business. This poses a significant threat to the fabric of the Irish retail industry. It's imperative for the government to act now by reducing PRSI providing essential relief to retailers. We can't keep shouldering the costs of government policy. Without such decisive actions, the retail sector faces the risk of long-term, possibly irreversible damage.  

A curated marketplace with steep discounts - does it sound too good to be true!? Well, look no further, because what we just described is exactly what the Forma Store is 😋 Check out the top 10 categories where employees commonly use their LSA stipend within the Forma Store. Give your workers ultimate flexibility with how they shop! #FlexibleBenefits #Forma #EmployeeBenefits #LifestyleSpendingAccount #WorkLifeBalance

𝐌𝐚𝐫𝐤𝐬 & 𝐒𝐩𝐞𝐧𝐜𝐞𝐫 𝐒𝐞𝐞𝐬 𝐒𝐮𝐫𝐠𝐞 𝐢𝐧 𝐀𝐧𝐧𝐮𝐚𝐥 𝐏𝐫𝐨𝐟𝐢𝐭𝐬, 𝐑𝐚𝐦𝐩𝐬 𝐔𝐩 𝐂𝐨𝐬𝐭-𝐂𝐮𝐭𝐭𝐢𝐧𝐠 𝐀𝐦𝐢𝐝 𝐑𝐢𝐬𝐢𝐧𝐠 𝐖𝐚𝐠𝐞 𝐁𝐢𝐥𝐥 The retailer pointed to “improved profitability” in the Irish market, where operating profit before adjusting items rose to £27.9m, up from £16.9m in the previous financial year. Read More: https://bityl.co/Q53m #MarksandSpencer #marksandspencerfood #annualprofit #CostCutting #news #NewsUpdate #newsdaily #BusinessNews #businessnewsupdates #thecioworld

Tips. Gratuities. Service charges. All designed, in theory, to reward a person providing a commendable level of service, typically front of house restaurant staff. Some employers have historically 'withheld' tips from their staff and used them to fund the business instead. The question of whether employers should pay a decent living wage to begin with, so that tips become a convenient amount of extra money instead of an essential component of meeting living expenses, is for another day. In the UK, the Employment (Allocation of Tips) Act 2023 received Royal Assent on 2 May 2023 and is scheduled to come into force during 2024. Under this legislation, employers will be banned entirely from withholding tips from their employees. This is expected to result in staff earning an estimated £200 million extra a year, a non-negligeable contribution to the cost of living. How are businesses reacting to this? By changing the definition of tips, predictably. The Ping Pong chain of dim sum restaurants has begun adding a 15% 'discretionary brand charge' to its bills. The restaurant's website defines this as follows: 'A discretionary management fee of 15% is added to your bill. This fee covers the costs associated with managing and supporting the restaurants, as well as maintaining the brand experience to our company standards.' In other words, they are angling for a cheeky 15% price rise and making it abundantly clear that none of this extra money is going to the staff. It will be interesting to see how the new legislation deals with this type of scummy behaviour. #Tips #Service #CustomerService

NTIA Encouraged by Labour Approach in 5 Point Plan to Revitalise High Street The party has pledged to use the “full force of a Labour government” to rescue retailers with a plan to: tackle antisocial behaviour and shoplifting; roll out banking hubs; replace business rates; stamp out late payments to small businesses; and revamp empty shops, pubs, and community spaces. Michael Kill, CEO of the Night Time Industries Association, emphasises the critical role that licensed and cultural spaces play in the night time economy and the broader community. Without adequate support, these important businesses risk closure, leaving significant voids in local high streets. He applauds the Labour Party's efforts to tackle the challenges facing such businesses, recognising the need for initiatives that will enable night time economy businesses to thrive and continue serving as vital community and cultural hubs. Kill highlights the detrimental impact of the current business rates system, which disproportionately burdens night time economy businesses with an annual cost of millions to the sector. He stresses the urgent necessity for a comprehensive, long-term solution to this issue, advocating for reforms that empower businesses in the night time economy to invest in their personnel and physical spaces, ensuring their sustainability and continued contribution to local communities. Picture by Samuel Regan-Asante https://ow.ly/C3t950Rc0gr

*Urgent Call from Hospitality Industry Leaders to Scrap Business Rates Rise* In a significant move, renowned chefs Tom Kerridge, Tom Aikens, and Monica Galetti, along with CEOs of over 230 companies, have united in an open letter urging Chancellor Jeremy Hunt to extend business rates support. This plea, orchestrated by UKHospitality, addresses the dire situation facing the industry, which risks an additional £1bn in business rates by next April without government intervention. Tom Kerridge emphasized the industry's resilience despite recent challenges but warned of closures without further support. The past year saw business rates frozen and a 75% discount for firms, yet an increase is looming, tied to inflation rates. A survey by UKHospitality and other associations highlighted that 60% of sector businesses prioritize government action on business rates, with many indicating potential cuts in investment and staffing if support is withdrawn. Kate Nicholls, CEO of UKHospitality, stresses the importance of extending relief measures to safeguard the UK's vibrant hospitality sector, crucial for economic growth and job creation. For more details, read the full article on https://lnkd.in/ePWvcP3i