Steps to Work - Trustees Report - 2018
Risks and Opportunities The current operating environment continues to present many challenges for Steps to Work and Starting Point Recruitment. Those challenges bring both opportunities and threats to the future of the organisation. Alongside this our Board of Trustees has challenged us to diversify and grow as an organisation.
RISKS
OPPORTUNITIES
In July 2017 we held a joint SMT / Board away day in which we sought the views of our Senior Management Team and our Board of Trustees to assess the organisations Strengths, Opportunities, Weaknesses and Threats. Alongside this we have also conducted a review of the Political, Environmental, Social and Technological factors which affect us as a business.
The SWOT analysis conducted in July 2017 helped identify the below opportunities:
Our Senior Management Team and Board of Trustees have assessed the risks which it considers the group are exposed to, those risks are:
• Improving marketing and brand awareness
• Greater collection and analysis of our data
• Celebrate success and our achievements
• Location of our services
• Business continuity / Disaster recovery
• Financial performance and sustainability
• Availability of Youth Employment Initiatives, DWP Dynamic Purchasing System and the Work and Health Programme
• Develop talent management and staff training to meet new market demands
• Damage to the company’s reputation in the eyes of customers, commissioner’s stakeholders and partners
• Build effective Brand \ Partnerships across the wider West Midlands and Staffordshire
• Providing the correct resources to deliver effective and efficient services
• Secure market growth for Starting Point Recruitment
• The Health, Safety and welfare of our customers, colleagues and Trustees
• Cross selling of Agency, Training and Employability services to employers
• Policy changes locally regionally and nationally for Employment Related Support, skills and welfare reform
• Developing specialist consultancy services
• Capitalise on devolved commissioning and funding changes
• The implications of Brexit and the changes to funding streams
• Mergers/ partnerships and increased competition
Our risk plan has been updated to reflect the changes in risk we have identified throughout 2017/18. The organisations operational and strategic plans are aligned with the risk plan and form a key part of the annual business management review which also includes actions taken to reduce and mitigate risks. Our robust approach to risk management reflects on the assessment of new projects, these risk assessment procedures have resulted in us working closely with commissioners and potential delivery partners to spread the risks when we believe the risk to ourselves is too great. We remain committed to our risk assessment process and where necessary will pass on opportunities which present too much of a financial risk. This was demonstrated in our assessment of bidding to be a prime contractor on the Work and Health Programme, instead we agreed to secure sub contract with a prime contractor who is aligned to our organisations vision mission and aims.
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