4 WAYS AI WILL IMPACT THE WORKPLACE IN 2024
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Knowledge Zone
SME BUSINESS INSIGHTS
SME Business Trends for 2024 2023 was challenging for businesses, particularly small and medium sized enterprises (SMEs). Supply chain difficulties, inflationary pressures, recruitment and retention challenges, and a hot of other demands tested the resilience of SMEs across the UK. So much so that many companies struggled to survive. In fact company insolvencies recorded in
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HSE SAFETY CORNERSTONES
Recent Health and Safety Executive (HSE) data reported that 135 workers were killed in work-related accidents in 2022-23, and 561,000 were injured. Although stopping workplace accidents altogether may not be possible, employers must take reasonable steps to prevent accidents and comply with their “duty of care” under health and safety legislation. Moreover, robust accident prevention
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CONSTRUCTION COMMERCIAL INSURANCE PROFILE
Q1 2024 Controlling Workers Compensation Costs With Safety Programmes An effective way organisations can control workers compensation costs is to implement a comprehensive safety programme. This strategy can yield significant savings by minimising employee injuries and illnesses, ultimately reducing workers compensation expenses, and it can help keep employees safe. Moreover implementing robust safety measures is
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COMMERCIAL INSURANCE PROFILE
Employee Benefits Trends to Bolster Attraction and Retention The office for National Statistics reported that wage growth slowed in the final quarter of 2023, and the UK labour market began to soften marginally. Although a loosening of the current tight labour market may come as a welcome relief to employers several factors remain challenging, including
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EMPLOYEE WELL BEING INSIGHTS
Brought to you by the insurance professionals at RS Risk Solutions Ltd 5 Attraction and Retention Trends to Monitor in 2024 The UK’s labour market has been persistently tight for some time. Following the Covid 19 pandemic, the “Great Resignation” saw countless people leave work after refocusing their priorities, which resulted in numerous job vacancies.
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EMPLOYEE WELL BEING FOCUS
Bolster Employee Retention in 2024 A state of employee engagement report found that employee retention is the top priority for HR leaders in 2024, with employee well being and recruitment ranking second and third. Furthermore 89% of HR professionals say retention is getting more difficult or hasn’t changed, compared to just 11% who feel it’s
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CYBER RISKS AND LIABILITIES
Courtesy of RS Risk Solutions Tailgating and Piggybacking Explained Tailgating and piggybacking are low tech tactics used by malicious actors to access restricted areas. They occur when an unauthorised individual gains physical access to a location with sensitive information or vulnerable IT equipment, which can have significant financial and reputational impacts on businesses. Understanding
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UNDERSTANDING THE ELECTRIC CAR MARKET
Whenever a new technological advancement begins to change a market, it becomes necessary for affected parties to understand the transformation. In recent years, the UK has observed a measurable rise in the popularity of electric cars. The number of pure electronic vehicles (EVs) registered in the UK nearly tripled in 2020 to over 108,000. In
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