How much will April’s National Living Wage rise cost you?
In this post I will show you how to estimate this cost rise so you can see for yourself the financial impact it is going to have on your care business.
But first I’ll highlight why you should start to prepare for this NLW rise now, in order to minimise the financial damage from April.
If you aren’t calculating the extra costs for each of your employees, and including them in your care fees, then you are likely paying an extra 20% or more of your overall staff costs.
This extra employer cost should be included in your fees.
On top of that, commissioners expect you to calculate these costs and will question the accuracy of your fees if you don’t.
It’s vital that you add these costs to ensure this significant cost is covered by your care fees.
If you don’t know how to calculate this significant extra cost then read this post as I’ll show you how.
If you are dismissing the opportunities to take on apprentices because you think it’s expensive and a hassle, then please read this post because you are missing out on a real opportunity to build the work force you want.
Having great ideas that will improve the running of your care home or home care business or take it to the next level is one thing. Making it happen is a whole other thing.
It’s too easy to fall back into the day-to-day and so hard to step back and spend time ON your business instead of IN it.
Read this post to find out why.
Returning from a rejuvenating holiday often brings with it a surge of energy, a renewed perspective, and a fresh outlook on business challenges.
On your return, will you let yourself fall back into the day-to-day or do the hard thing and focus on making your ideas happen.
In this post, I’ll take you through steps that will help you harness the post-holiday momentum, organise your thoughts, engage your team, and transform your visionary ideas into tangible business success.
