Rosia Bay Ltd

As a business owner, you may have a great product or service, a solid business plan, and an excellent marketing strategy. However, without a people strategy, your business may struggle to succeed in the long run. A people strategy is a plan for how your business will attract, develop, retain, and motivate the people it needs to achieve its goals. It is about putting people at the center of your business and making sure that they are engaged, productive, and aligned with your company's vision and values. Here are some reasons why having a people strategy is crucial for your business: Attracting top talent Your people strategy should include a plan for attracting top talent to your business. This involves creating a strong employer brand, offering competitive compensation and benefits, and providing opportunities for career development and growth. By attracting the best people to your business, you can gain a competitive advantage and ensure that you have the skills and expertise nee

I n the UK, the current retirement age is 67, however this is due to change to 68 and the timetable for this is currently under review. Life expectancy at birth in the UK in 2018 to 2020 was 79.0 years fro males and 82.9 for females according to the ONS and this is also set to increase. If people are living longer, then as a natural consequence, they’ll need to work longer, which requires continual career growth. The old rules of retirement were written toward an economy where most of the work being done was manual labour, and reaching the age of 65 was viewed as being liberated from the intensive daily grind. However, as disruptive technologies emerge and change the business environment, working professionals are being tasked with having to upskill continually, which presents new opportunities to grow and develop. As more businesses increasingly identify the need for employees with leadership skills, they’ll soon discover, growing current employees is a lot more cost effective and imp