Lessons we can all learn from the Prime Minister’s resignation

Following the recent mass resignations from the Government and Boris stepping down, what lessons can we learn to ensure long-term business success?

It’s incredibly rare for there to be mass resignations in business, generally, it’s only one person at a time.

Losing one employee causes an impact on business functions, but losing them at the rate the Government saw recently grinds the entire business to a halt. It is vitally important to discover the cause and correct it.

“This is the time to put HR to work!”

Exit interviews are very important to discover what’s going on. There must be an upward-flowing reporting structure where your teams can tell you what’s going on.

Good pay is the biggest priority for employees, however, it has been known for people to leave for a role with lesser pay when the work-life balance is better or if they’re going to get more respect from their management team.

“We all want an engaged, motivated and satisfied workforce, don’t we?”

Unfortunately for the Government, a new Prime Minister means a new direction, new culture and ethos and new laws.

Any change in senior management within a business, if handled correctly, is an opportunity for a bit of restructuring.

Backbench MPs are calling for a reduced Cabinet in future; could the same apply to your management team? This is where HR comes in again. The bigger the business, the harder this will be.

With Government, no changes will come quickly as they have the manifesto they were elected on to complete, but in your business, you can make changes quickly.

It just needs proper planning, good advice, and correct implementation to ensure your employees are all on board.

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Roger Eddowes
The Business Bulletin

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Roger Eddowes

Roger trained at Edward Thomas Peirson & Sons in Market Harborough before working at Hartwell & Co, followed by Chancery, as a partner. He started Essendon Accounts & Tax with Helen Beaumont in 2014. Roger loves ‘getting his hands dirty’, working with emerging, small-to-medium and family businesses to ensure they receive the best possible accountancy advice. Using an extensive network of business contacts to leverage the best guidance and practical solutions, he has been called a Business Godparent due to his caring, hands-on approach.

Lessons we can all learn from the Prime Minister’s resignation

by Roger Eddowes Time to read: 1 min