Podcast 6: COVID-19 and SSP, Unknown Unknowns, 5 Whys and Ishikawa Analysis
New SSP obligations for employers amid the COVID-19 outbreak, but any help for the self-employed or those on zero-hours contracts? Donald Rumsfeld’s classic Unknown Unknowns speech confused a nation, but what are they and how might they affect your business? And, when problems strike, how can you use the tools of 5 Whys and Ishikawa Analysis to seed your action plan.
Check out the video right here, or play the audio just below:
If you prefer another player, you can find all our videos on our YouTube channel and our Facebook page and you can find the audio-only podcast everywhere good podcasts live. You can see a full list of all our social and podcast channels here, or simply search for ‘Aegis Accounting’ on your platform of choice.
COVID-19 and SSP
In response to the current outbreak of Covid-19, the Prime Minister spoke of a change to Statutory Sick Pay, indicating it would become payable on day 1 of self-isolation due the virus, to avoid anybody being “penalised for doing the right thing” – but employers will foot this bill, not the government (though it’s only an extra £40), and it only affects those eligible and earning more than £118 per week… some zero-hours workers won’t qualify, and what about the self-employed?
Learn more at https://www.bbc.co.uk/news/uk-51738837, the article I quoted from in this podcast.
Donald Rumsfeld famously spoke about ‘unknown unknowns’ in his speech around the time of the Iraq war, confusing the room, his nation and much of the watching world. But sudden issues that are near impossible to predict are a staple of the world, and can affect business hard. Just look at Corona Beer’s £132m loss due to a similarly-named virus. Was that on a threat-watch list somewhere in their head office with a mitigation plan ready to go? Unlikely…
5 Whys and Ishikawa Analysis
When problems strike and the cause is unclear, asking 5 whys (much like a petulant child) can actually be a helpful approach. If you add to that an acknowledgement that some things may have multiple causes, use of Ishikawa Analysis (or the ‘fishbone diagram’) can really help:
Go 5 why’s deep and you might discover some common underlying themes, some causes you might be able to identify as highly likely and some that are easy to fix. It’s a straightforward exercise to give a go if you’re facing some complex problems.
Get emailed when we post new videos, podcasts or blog posts. It’s usually all three of those notified in one email, sent once a week, so you can watch, listen or read – whichever you prefer 🙂 (We don’t EVER give your email address to anyone else OR use it for any other purpose without your permission and we ONLY keep it as long as you remain subscribed)