entrepreneurs wellbeing

Businesses Urged To Do More To Support Staff Financial Well-Being

Businesses Urged To Do More To Support Staff Financial Well-Being

UK business owners are being urged to make more efforts to support staff financially, as a report from CIPD and Close Brothers Asset Management has revealed the full extent of employee money woes. The survey of 1,817 British adults reports that 25% of respondents have a financial situation so bad that it affects their ability to work, with this figure rising to 31% among 18-24 year olds and 32% for those living in London. Surprisingly, such financial stress isn’t exclusive to low-income earners with 20% of employees earning between £45,000 and £59,999 admitting such anxiety has also impacted on their performance in work. When divided by gender, women are more likely than men to report money worries with 28% of females signalling they have such a problem, compared to just 23% of all males. ... »

UK Small Businesses Forced to Re-Mortgage in Order to Keep Afloat

UK Small Businesses Forced to Re-Mortgage in Order to Keep Afloat

The government may be failing the UK’s small businesses with 60% having to had to re-mortgage or use personal savings in order to keep their business afloat. According to new research by Sage, 84% of small and medium companies have never received any financial or other type of support. The research also found that small business owners are “forced” to work overtime in order to keep their firm running. 26% said they work over 50 hours a week while 56% admitted that they worked weekends and the same proportion said they failed to take their holiday entitlement last year. While 65% of British entrepreneurs said that they planned on hiring up to five employees in the next two years to help manage the workload, one in five said they worried about being able to pay staff. The survey also asked s... »