MARK’S MARKET MAGIC
Monthly tip for big chains: If you are buying a nursery, have a close look at the holiday year and check what holidays are yet to be taken by the staff of the target nursery. Once you have completed the purchase you will be liable to cover the holiday-pay cost. Make sure this liability is taken into account in calculating the purchase price, as it is often sizable.
Monthly tip for small providers: Personnel files are extremely important. Make sure each staff member has a file containing the key documents such as their offer letter, references, qualifications, DBS checks and employment contract.
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