staff absenteeism

UK Small Businesses Lose Money for Failing to Adjust Clocks

UK Small Businesses Lose Money for Failing to Adjust Clocks

UK small businesses lost nearly £14,000 last week after failing to adjust their clocks to summer time, according to a new report out today by the Small Firms Index (SFI). A survey of 1,500 small businesses found that over a third (34%) reported at least one employee arriving for work an hour late, leading to a drop in productivity and output. 16% of business owners surveyed said they had missed important meetings while a further 3% admitted they had lost business as they were too late for international conference calls. The report comes just one day after it was revealed UK businesses are falling short on digital skills training and will no doubt serve as a further blow for enterprises trying to crack the international market. Ian Brass, managing director of SFI said: “While only a once of... »

Staff Absenteeism Costs SMEs

Staff Absenteeism Costs SMEs £25k a Year

Small-business owners could help reduce the cost of unscheduled staff absenteeism by allowing employees to work flexibly, according to telecomms firm Avaya. An Avaya survey found that one-fifth of small firms lose an average of £25,000 a year because of unscheduled staff absenteeism, caused by everyday occurrences including commuting delays and illness. According to Avaya UK manager Nick Roullier, allowing some staff to work flexibly can help reduce absenteeism. “Small-business owners who allow staff to work from any location are far less likely to feel the financial impact of absenteeism, because their workers have access to the systems and services they need, whether they work from home or the office,” he said. “Ultimately, flexible working can help small firms re... »