The electrical industry has always been a highly-charged marketplace. Numerous companies compete for the same projects, the market is subject to constant regulatory changes, and a shortage of skilled workers often results in companies having to carry out more work with less staff.
HMRC has recently introduced a new online employment status indicator tool for electrical and other construction companies who engage, and make payments to, sub-contractors on a self-employed basis.
Product identification and traceability play a vital role in preventing the loss and misidentification of electrical stock, so don’t dismiss labels as a minor purchase.
According to Hager’s latest Digital Adoption Survey, 55 per cent of respondents in the electrical industry have agreed that social networks enhance business opportunities - a 40 percent increase on 2011’s results of an identical survey.