Inefficient Business Systems Costing UK Firms £28,000 a Year
Nearly half of employees waste two to three hours working on processes and practices that are not efficient
Inefficient business systems are costing the UK’s private enterprises at least £28,000 a year, according to an employee survey by software company Access Group.
66% of respondents feel that their daily working ability is compromised due to inefficient technical systems, with 32% revealing that they waste two to three hours a day as a result and a further 32% so frustrated that they have considered quitting their jobs.
The survey, which featured responses from over 2,000 employees, also highlighted fear among workers who believe internal data may be compromised, with 51% stating that they are not entirely confident in their firm’s records.
The report also highlighted the key areas in which businesses need to address their inefficient systems in order to save time and money, with scheduling work, completing timesheets, and billing finances and expenses named as the main tasks negatively affected.
Divisional director at Access Group, Steve Sawyer, commented:
“It is staggering to see how much time and money the average UK business throws away because of inefficient systems. Something so easy to change shouldn’t be having this impact on businesses or their staff.
“One in three [frustrated] UK employees consider changing their job or career. With over 25 million people employed in the UK, that is equivalent to over seven million people willing to move on simply because of inefficient systems.”