FOR IMMEDIATE RELEASE
With the rising costs of hiring staff, small business owners are sacrificing more of their own holiday time to keep their business running.
LONDON, UK – Wednesday 7 December 2016 - 472,000 small business owners will be working every day over the Christmas holidays without a single day off, according to a survey commissioned by business for sale marketplace, Bizdaq (www.mybizdaq.com).
- No rest for small business owners over Christmas - 472,000 small business owners working every day over the holidays
- Cost of employing staff a growing issue – 2.3 million small business owners not hiring additional staff due to rising costs of employment
- Apprenticeships not considered an option - Only 14% of small businesses are planning to take on an apprentice in 2017
- Holidays throughout year sacrificed – small business owners are taking 11 days less holiday per year compared to full time workers’ holiday entitlement
- Small business owners in the North working more over Christmas – small business owners in the North will work an average of 1.4 days more over the ten day period
The research, conducted by Opinium, found that almost half a million small business owners will be working every day over the Christmas holidays – including Christmas Day and New Year’s Day. A total of 2.8 million small business owners will be working in some capacity over the Christmas period.
Of the small business owners that will be working over Christmas, 34% said they were planning to work as they couldn’t afford to take the time off. A further 17% of owners are unable to take time off as they do not have enough staff to cover this period.
The cost of finding, training and employing staff is holding back 2.3 million small business owners from hiring additional staff. Additionally the National Minimum Wage and the Living Wage was cited as a growing reason for not being able to hire employees.
Apprenticeships still under utilised by small businesses
Interestingly with the high numbers of small business owners stating that they can’t afford to take on new employees, only 14% are planning to take on an apprentice in 2017. This is alarming considering the incentives available for businesses hiring an apprentice.
Holidays sacrificed throughout the year
Christmas isn’t the only time that small business owners are having trouble taking time off though, as over a third of small business owners (34%) have only taken 10 or fewer days of holiday in 2016. The average amount of holiday days taken was 17, which is still over two weeks below the entitlement for an average full-time UK worker.
Sean Mallon, CEO of Bizdaq, said “It is clear that small business owners are still being let down by successive governments. The hard work and effort put into running and building small businesses is not reflected in the government’s attitude towards them, despite employing over 14.7m across the UK. There have been many initiatives created with much noise, however the delivery has often been poor at best.
The apprenticeship scheme as an example is a great idea, however many small business owners still have very little knowledge or access to this, as evidenced by our report finding that only 14% of small business owners plan on taking on an apprentice next year.
To see that over 60% of small business owners won’t get a break over Christmas goes to show the dedication and passion they possess, and with 43% citing high taxes as a reason contributing towards having to work such long hours is very disappointing.”
More information on the report can be found here: https://www.mybizdaq.com/small-business-end-of-year-report-2016
Notes to editors
The Bizdaq Small Business End of Year Report 2016 used Opinium to survey 300 small business owners (businesses with 1-49 employees) between the dates of 25th November to 2nd December 2016.
For further information please contact:
Bizdaq (UK) Ltd
+44 (0)113 887 4063
Connect directly with business buyers and business sellers for free https://t.co/hNBMMVpWzr. We're a team of experienced business sales professionals.
09 Nov 2017 08:00
Copyright © 2018 JournoLink Ltd. All Rights Reserved