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For a successful business, you need a viable business idea, the skills to make it work and the funding. Discover whether your idea has what it takes.

Forming your business correctly is essential to ensure you are protected and you comply with the rules. Learn how to set up your business.

It is likely you will need funding to start your business unless you have your own money. Discover some of the main sources of start up funding.

Businesses and individuals must account for and pay various taxes. Understand your tax obligations and how to file, account and pay any taxes you owe.

Businesses are required to comply with a wide range of business laws. We introduce the main rules and regulations you must comply with.

Learn why business planning is an essential exercise if your business is to start and grow successfully, attract funding or target new markets.

Marketing matters. It drives sales and helps promote your brand and products. Discover how to market your business and reach your target customers.

Some businesses need a high street location whilst others can be run from home. Understand the key factors from cost to location, size to security.

Your employees can your biggest asset. They can also be your biggest challenge. We explain how to recruitment and manage staff successfully.

It is likely your business could not function without some form of IT. Learn how to specify, buy, maintain and secure your business IT.

Few businesses manage the leap from start up to high-growth business. Learn what it takes to scale up and take your business to the next level.

Wellbeing factors are critical to staff retention

5 March 2018

Wellbeing factors are critical to staff retentionTwo reports have shed new light on what drives employee loyalty as wellbeing issues are found to be a key factor in staff retention.

A study by business insurer Equipsme polled 2,980 full-time workers and found that when it comes to reasons for staying in a job, good salary comes top (89%) but it is closely followed by employee benefits (76%) and workplace atmosphere (73%).

And, when asked about reasons for leaving a job, a low salary was only cited by 17% of those polled, compared with a hostile work environment (mentioned by 28%) or a lack of employee benefits (21%).

These findings are in line with the results of a new survey conducted by Opinium for Bupa which has found that 53% of employees identify trust as a primary reason to stay or leave a company. It shows that nearly a quarter of UK employees (24%) have left their company due to issues around trust.

Although trust is not a tangible workplace benefit, such as salary and bonuses, the report concludes that it is an essential variable in promoting harmony and productivity at work. The findings show that 80% of employees say they currently feel trusted by their colleagues, line manager and senior leadership team, rising to 85% amongst those aged 55+.

However, nearly a quarter (23%) of UK employees said they would feel more motivated if trust was placed in them, 22% said it would help them to feel happier and 18% said it would make them more productive at work.

Mark Allan, commercial director for Bupa UK Insurance, said: "Wellbeing is now a boardroom priority and it's clear that trust is key to building a healthy business culture - increasing motivation, engagement and colleague retention as well as employees' wellbeing. This latest research highlights the importance of creating a workplace culture that allows people to thrive and also that businesses are recognising the importance of promoting a trustful workplace."

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