Retail, catering and leisure ‘are most vulnerable’

-

People working in the retail, catering and leisure sectors are most vulnerable in the economic downturn, a communication company says.

These are the areas in which consumers can reduce their spending as they begin to think carefully about saving money, according to Plantronics.

A study by the company shows 79 per cent of small and medium-sized enterprises (SMEs) have felt negative impacts on their business as a result of the current economic slowdown.

David Molian, a lecturer speaking on behalf of Plantronics, said it is an easy decision for consumers not to go out for a meal and buy food from a supermarket instead.

HRreview Logo

Get our essential weekday HR news and updates.

This field is for validation purposes and should be left unchanged.
Keep up with the latest in HR...
This field is hidden when viewing the form
This field is hidden when viewing the form
Optin_date
This field is hidden when viewing the form

 

"People are beginning to think carefully about what it is that they want and what it is they need, and what they need is taking precedence over what they want," he added.

According to the study, SMEs with mobile workforces are ten per cent more likely to have been hit by the slowdown.

Latest news

Lauren Webb: Empowering women to lead the way in analytics and AI

Women remain wildly underrepresented in technical and digital leadership, making up just 22% of the UK’s AI talent. It’s jarring.

Employers urged to balance flexibility and fairness as England’s World Cup campaign begins

Employment lawyers are advising organisations to plan ahead for leave requests and workplace flexibility as the 2026 FIFA World Cup gets under way.

Amy Coleman on uncertainty and pressure at work

“Many of you shared feelings of uncertainty and pressure as the work evolves.”

Workers fear favouritism is driving workplace rewards and recognition

Many UK employees believe workplace rewards are influenced by favouritism, with women significantly less likely to view recognition as fair.
- Advertisement -

Curtis Holmes: Payroll is the driver for employee engagement

Payroll has long been treated as a back-office necessity: essential, but not something that shapes culture or drives engagement. This no longer stands.

Labour market yet to show major AI impact on jobs, govt adviser says

A government economic adviser has challenged predictions of widespread AI-driven unemployment, arguing labour market data has yet to show disruption.

Must read

Ann Marie Bell: Unconscious bias of bonuses

Employees are often living day by day, attempting to stay afloat on their salary alone with the rising cost of living and a bonus scheme does not always have much of an impact on that, says Ann Marie Bell.

David Ashplant: The Bribery Act

The Act aims to improve the UK’s record on...
- Advertisement -

You might also likeRELATED
Recommended to you