Krutham’s Post

Attention professionals: Personal costs associated with work are putting more strain on employees' finances. A recent study revealed a rise in personal expenses such as food, energy, and water bills over the past 12 months. Stay informed about this impactful trend by reading the full article at https://ift.tt/ybq6TEg.

🚀 The Q4 2024 Small Business Index is here!    This quarter, MetLife and the U.S. Chamber of Commerce have uncovered key insights shaping small business success across the U.S.   Key Findings:   😊  Optimism is high: 72% of SMBs expect revenue growth, with many expanding teams and enhancing benefits to compete in a tight labor market. 🤔  Inflation challenges persist: 55% are navigating inflation while adopting innovative health plans like consumer-driven or self-funded options to balance costs and employee needs. 📃  #Compliance is complex: SMBs want simpler solutions for managing regulations like #paidfamilyleave and #ADA requirements.   At #MetLife, we’re here to help small businesses stay ahead with flexible benefits and expert insights.   Check it out in the comments   #SmallBusiness #EmployeeBenefits #inflation #WorkplaceSolutions

The incoming, post-Budget cost squeeze on employers is piling yet more pressure on hard hit businesses. Claire Burden (Head of Advisory Consulting) shares her expertise with these five key areas that can help you manage costs and stay ahead in 2025. Read more here: https://lnkd.in/dPiSGwDZ

💡How can the next government partner with business to deliver on its priorities within a tight budget? In today’s world, the power of business to innovate and scale solutions to complex problems is a massive, yet largely untapped, resource—especially given the constraints of public spending. Unleashing the power of purpose-driven business could boost GDP by an estimated £149 billion per year. Research shows that businesses and investors are eager to tackle society’s and the environment’s greatest challenges. Yet the current machinery of government not being adequately set up for this purpose. What if we could harness this potential effectively? In our #GoodBusinessManifesto, we outline that the next government could: 🏢Establish a joint HM Treasury-Department for Business and Trade Office for the Impact Economy. This office would serve as a hub for innovation and strategic alignment. 🧠 Invite leading experts from the sector to craft a comprehensive strategy for the impact economy, ensuring that we leverage the best insights and practices. 🌟Support and engage with place-based partnerships to replicate and scale up business-led solutions to our national challenges, creating a ripple effect of positive change. By bridging the gap between government and business, we can create a powerhouse of innovation and progress, driving sustainable solutions and making a significant difference in our communities. Read the Good Business Manifesto: https://buff.ly/4bVrX4K #PublicPrivatePartnership #PurposeBeyondProfit #BusinessAsAForceForGood

💡How can the next government partner with business to deliver on its priorities within a tight budget? In today’s world, the power of business to innovate and scale solutions to complex problems is a massive, yet largely untapped, resource—especially given the constraints of public spending. Unleashing the power of purpose-driven business could boost GDP by an estimated £149 billion per year. Research shows that businesses and investors are eager to tackle society’s and the environment’s greatest challenges. Yet the current machinery of government not being adequately set up for this purpose. What if we could harness this potential effectively? In our #GoodBusinessManifesto, we outline that the next government could: 🏢Establish a joint HM Treasury-Department for Business and Trade Office for the Impact Economy. This office would serve as a hub for innovation and strategic alignment. 🧠 Invite leading experts from the sector to craft a comprehensive strategy for the impact economy, ensuring that we leverage the best insights and practices. 🌟Support and engage with place-based partnerships to replicate and scale up business-led solutions to our national challenges, creating a ripple effect of positive change. By bridging the gap between government and business, we can create a powerhouse of innovation and progress, driving sustainable solutions and making a significant difference in our communities. Read the Good Business Manifesto: https://lnkd.in/eiV4Tree #PublicPrivatePartnership #PurposeBeyondProfit #BusinessAsAForceForGood

We had the dance, now it’s time to pay the piper. When the covid pandemic hit, most corporates and large organisations got a scare. We might go out of business?! In many sectors, after the first fright, the opposite happened. Fuelled by fiscal stimulus (cheap capital), pent up consumer demand and record low interest rates (cheap money). Happy days. Growing profits and salaries. Plenty of money to go around. Leading to an overheated economy, record high employment, overconsumption, inflation. I’m not an economist, but sheesh…it’s obvious where that would lead (because it always does). Bubbles bursting, cooling economy, recession, stagflation (this is the one that really hits us all in the pocket). Now we have to pay the piper. Belt tightening. Lower consumer and business spending. Businesses struggling, some failing. Virtually every organisation I come across is exploring ways to reduce cost, find efficiencies and improve financial performance. Public sector, financial services, utilities, media, telco, agribusiness. The need for a reset is indiscriminate. The human cost of this is evident in the news (and on this platform). Down sizing, redundancies, open to work, stress. Organisations approach the reset in different ways. The laziest, least effective and least enduring way is a broad brush #costcutting. Almost always reducing headcount. Find all the places in the organisation where you can remove employees and contractors. Add them all up. Save money. For a while anyway. A smarter (and harder) approach is to properly redesign the #operatingmodel What capabilities are really required to deliver our strategy? How can they be orchestrated and delivered more effectively? Be strategic about removing dumb costs and reallocating spend where it adds most value. Digitise and automate wherever possible. Build agility into the ways of working. This can be effective. But the truly fundamental way to tackle the big reset is to reinvent the entire #businessmodel. Rethink how you create value for customers. How to deliver impact for your stakeholders and communities. How to make money. Then rearrange all capabilities to deliver value this new way, leveraging modern platforms, shaping new partnerships. Rebuild from the top and from the bottom. Brave. Enduring, if you’re successful (no guarantees). Let’s invent new ways to pay the piper. #buisnessmodelreinvention #payingthepiper ******* Fair warning: I don’t use genAI to write posts. All grammatical and factual errors are my own. Image: wood engraving of the Pied Piper of Hamelin (genesis of the idiom “paying the piper”) by Henry Marsh, completed in 1868. Hangs at The Met, New York City.

Explore key findings from Benefits 2.0 to learn how employers can optimize benefits to better meet workers’ needs, gain a commercial advantage and boost the economy. https://bit.ly/44rS6oY

Significant changes are expected across UK industries in 2025. To stay ahead of the curve, it is essential to be adaptable and understand the upcoming changes and how they will impact your business, whether it is large or small. This simple and informative article explains some of the changes coming clearly and concisely.

Our Finance Minister is back in the limelight. This time, she suggests managing stress through spirituality and inner strength, an approach that might not resonate with a young CA struggling with work pressures. And of course, there have been other memorable moments: 1. “I don’t eat onions, so don’t worry”: During the 2019 onion price surge. 2. “Paneer isn’t something poor people eat” :When introducing a 5% GST on pre-packaged food in 2022. Guess we are rich now. 3. “We’re looking for a $5 trillion economy, not $5 trillion companies” – A statement from 2020 when questioned about corporate performance. Okay. This makes sense. Do you remember any other statements that sparked conversations? #KSCurates

Explore key findings from Benefits 2.0 to learn how employers can optimize benefits to better meet workers’ needs, gain a commercial advantage and boost the economy. https://bit.ly/4ds4rxI