Also in the news this week - 1 July 2016

1 July 2016

Businesses not ready for Brexit

A snap poll conducted this week for the CIPD's People Management newsletter has found that only 5% of respondents said their organisation had a post-Brexit plan in place; 78% felt they lacked the information to make long-term organisational decisions. However, around a fifth were actively working on a strategic plan and 16% were specifically focusing on securing their non-EU workforce. The survey also found that 54% of HR professionals thought that Brexit would either weaken or significantly weaken their ability to acquire and retain skilled individuals.

Meet the social influencers

One in ten Britons agree that social media influences them every day, according to a poll by Affilinet. In addition, 48% of those polled said that knowing a post was sponsored would make no difference to their trust in it. Helen Southgate, UK managing director at Affilinet, said: "Social media influencers are the next big thing ... Already, we are seeing far more sponsored and promotional posts and, while there has been some backlash in certain instances, providing the sponsoring brands are relevant to the audience and authentic to the account, they are generally very well-received by the followers."

Providing PSC information to Companies House

As from 30 June, every UK company and UK registered LLP now needs to notify Companies House of the information on its PSC Register (or why it is exempt from having one) when it files its Confirmation Statement. The Confirmation Statement replaces the previous Annual Return. A PSC Register must be kept by all UK companies (other than exempt listed companies); it identifies and provides information about individuals and entities that qualify as having significant control of the company.

Understanding the legal implications of Brexit

Global law firm CMS has launched a microsite, Brexit Next: Legal Implications, to keep businesses updated on business law developments as they happen. It says a "successful Brexit will involve disentangling the UK from complex politico-legal, financial and other relationships and obligations". The new micro-site will provide updates on what Brexit could mean for business owners as legislation changes.