HRreview Header

UK redundancies ‘prompt entrepreneurial spirit’

UK has an entrepreneurial spiritEntrepreneurialism in the UK has been kick-started by the redundancies to have taken place during the economic recession.

According to research from the Home Learning College, two-fifths of Britons would consider setting up their own businesses if they were to be made redundant.

Meanwhile, one third of UK workers admitted to being fearful about the possibility of redundancies being carried out at their place of work.

Furthermore, 53 per cent of respondents admitted that they did not think the country had yet suffered the full effects of the downturn and that things could be set to get worse this year.

Dave Snow, academic director at Home Learning College, said: “It is heartening to see that the recent economic climate hasn’t dented our renowned entrepreneurial spirit. However, a healthy dose of reality is necessary for anyone who is seriously thinking about setting up a company.”

The opportunity to be their own boss may be attractive to many Britons, after the Chartered Management Institute revealed half of employees in the UK have admitted that they believe a dominant management style in the workplace is negative.

Posted by Ross George



Share

Latest News

Latest Analysis

Related Articles

Richard Branson on Prioritising People Over Profit

“Clients do not come first. Employees come first. If you take care of your...

European workers ‘fear negative impact’ of US corporate culture in the workplace

Employees across Europe are voicing unease over the growing influence of American workplace culture within their organisations.

New pension reform to consolidate small pots and cut admin burden

The UK government announced a new policy to help workers keep track of their retirement savings by consolidating small pension pots.

UK professionals take on extra work as side hustles ‘extend weekly hours’

A growing number of UK professionals are extending their working week as side hustles become increasingly common.