Joe Nicholls, Head of the Employment team at Wards Solicitors, says:
“Making people redundant can prove expensive for a business, especially at a time where cash is key, so using cash to pay redundancy packages can be counter-productive. Redundancies can be highly damaging to staff morale and motivation, which can have long lasting consequences. Consultations with staff are time consuming and at a time when the focus of those working should be on the business’ recovery or growth, avoiding collective consultations with unions and employees could make a significant difference.”
Joe discusses effective and practical ways to manage staff and resources at this particularly testing times and talks through any risks which you may have to consider.
“As businesses start to reopen, managing cash will be crucial, particularly as the demand for credit to be extended to customers will no doubt be high.
It is important that you ensure the cost structure of your business reflects the anticipated performance, and you are able to identify both trading and funding opportunities.”
Chris will talk through the importance of regular reliable management information, including accurate forecasting, monitoring and scenario planning. He will also explain the possible risks of incorrect cash flow management and missed trading and funding opportunities.
Wards Solicitors is open and our teams continue to work on existing cases and take on new business and clients.
From early August, we are pleased to announce that we will slowly be starting to re-open some of our branches to clients, but all appointments must be pre-booked.
Availability for face-to- face meetings in branches will be limited, and remote contact with teams – via phone, email or video call – is preferred wherever possible. Our prime concern remains the safety of our clients and our staff.
Please note that all visitors to our offices must, by law, wear a face covering.
We cannot accept drop-in appointments.
How to get in touch:
We look forward to hearing from you. A list of our 11 branches is available here.
Wards Solicitors LLP