ince the changes to National Insurance contributions were announced in the last budget there has been concern from UK businesses about the impact the cost of employment will have on their livelihoods and the ability to keep staffing levels stable. 

As a result, many experts have predicted price increases and staffing cutbacks.

Indeed, in January a major supermarket chain announced a swathe of cost-cutting measures and changes to instore services, partly attributable to increased employment costs, but many small businesses will also feel the impact of NI increases acutely as the new NI threshold and will be £5,000, reduced from £9,100.00 currently.

The Office for Budget Responsibility (OBR) estimates that, overall, the changes will add 2% to employers' payroll costs.

So it’s a delicate balancing act for many businesses, leading to potential responses like raising prices for customers, reducing hiring, or implementing cost-cutting measures to offset the additional expense.

Whilst Looms certainly doesn’t claim to have any magic solutions we do have a range of services and smart safe products which can help businesses work faster and smarter when it comes to cash management, leaving staff to focus on what’s important in building the profile of the business - quality of service and product, a clean and attractive environment…

Automation can certainly help your teams work faster and smarter. 
Many staff hours can be consumed counting and reconciling cash takings, not to mention the time spent transporting takings to the bank. This is where Loomis can help your team work more efficiently. As well as our friendly team of Driver Guards who can take care of all of your cash transportation needs, our smart safe packages allow businesses to automate cash handling on-site, meaning less wasted resource and more time spent serving customers, stocking shelves, up-selling…

The Loomis SafePoint Compact smart safe is the perfect solution for businesses looking to streamline cash handling. Its compact design fits easily under any counter and automatically counts cash, reconciles takings, and offers a state-of-the-art reporting system that provides 24/7 visibility of deposits made by each staff member across multiple locations. Additionally, it checks for counterfeit notes, and all cash stored in the safe is fully indemnified by Loomis.
The service includes cash collection.

Many businesses are already experiencing significant savings by using Loomis smart safes, reducing employee hours spent on repetitive tasks and minimizing shrinkage caused by human error or theft. 

With Loomis, cash handling becomes more efficient and secure, 
no more counting cash, reconciling takings, checking fraudulent notes or taking trips to the bank - leaving staff to focus on tasks which help to build the business.