Five tips for building business confidence
The current economic climate has thrown drastic obstacles in the way of UK businesses – new research conducted by Nexus Global reveals.
Experts at Nexus Global share five tips on how businesses can increase their confidence and thrive through these tough economic times.
Incentivise employees
With many businesses now looking to reduce costs to protect their finances long-term, unfortunately, many won’t be able to offer bonuses or an increase in wage to employees as they did before the pandemic. However, there are other ways they can motivate workers. Giving meaningful praise is the simplest way to show appreciation and doesn’t cost a penny. Flexibility is another great option, for example, if someone has gone above and beyond, why not give them the afternoon off? Other rewards to consider include drinks on a Friday, or office treats to boost morale and make employees feel valued.
Employ an apprentice
Hiring new employees