As an independent supplier of Temporary Workers, Wote St Employment Bureau finds cash flow pivotal to our company’s well-being.
It’s one of the reasons that our terms for supplying temps are just 14 days. We have a legal obligation to pay our temps on time and why shouldn’t we; they are a valuable resource and should be rewarded appropriately. Over the last couple of years, we have noticed a gradual “stretching” of the terms by more and more customers; it’s hard out there. So, we came up with the brain wave of asking our regular customer base (89 companies), if they would be interested in receiving a settlement discount for paying early.
To be honest, giving money back always brings me out in a cold sweat, so this took some gumption on my part. I was amazed at the response – although I shouldn’t have been. Only 1 customer said they would seriously consider it. Everyone else preferred the time to pay.
The positives to be drawn from this include the fact that our pricing is affordable and that more importantly it really is good to talk to your customers. We could have introduced this measure thinking we were offering a better service, when in fact it added no benefit to our Clients whatsoever.
The other conclusion is that people respect good service; they just need an appropriate amount of time to pay for it. So, Wote St Employment Bureau won’t be introducing settlement discount, but we do need to keep our debtor days to a minimum.
It’s back to the drawing board and the credit control calls – if anyone has any answers, send them on a postcard to…….. Seriously speaking – it’s good to talk, tell us what works for you.0
Being on the constant look out for potential candidates is essential for attracting the very best people to your business. By waiting until you need someone, you’ll only get the best of candidates available at that point in time. However, by always recruiting, you expose your business to the best of the best. Here’s some[…..]
– My inspirational week Last week was incredibly inspirational for me, and not only because Sunday was International Women’s Day. I spent Tuesday and Wednesday attending a Mental Health First Aid course in Basingstoke, courtesy of Neil Perry Mental Health. It was noticeable that all delegates were women and I hope future events attract[…..]
Are you tired of spending hours online searching for jobs? Applying for hundreds of positions and not receiving so much as an acknowledgement? Fed-up of being unemployed or unhappy with your current career path? Here at Wote Street People, we always strive to find the perfect match between candidate and employer – something that cannot[…..]
Wote Street People sponsors University of Winchester Resilience Award With Christmas nearly upon us, the ‘silly season’ starts – parties ramp up, office life slows down, and chat about what everyone is doing this year is as plentiful as the supply of festive bakes. But it’s not the most wonderful time of the year for[…..]
Another year is almost over and with less than 50 shopping days before Christmas, you may also be thinking about a career move in the New Year. Why not consider a job in Basingstoke? Located in Basing View, one of Basingstoke’s growing business communities, Wote Street People know what a great place Basingstoke is to[…..]