Underperforming employees cost UK SMEs £39,500 every year
Why are British SMEs bearing the brunt of the skills crisis?
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Optimistic SMEs face costs challenge
SMEs are optimistic about the future but acutely conscious of the mounting cost pressures that stand in the way of sustainable growth
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Small business employment up by more than 1.6 million
There are over five million small businesses in the UK, generating £1.2 trillion for the economy. Since 2010, private sector employment has grown by nearly 2.5 million and small businesses accounted for 65 percent of this. These figures demonstrate the contribution small businesses have made to the nation’s record employment rate of 73.7 percent.
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Flourishing small businesses helping to turn productivity tide
Two-thirds of UK small businesses have taken steps to improve productivity over the past year and exactly half now expect their output to grow over the next two years. The news follows years of falling British productivity in comparison to the United States and Europe. The new figures came to light in a new report launched by Albion Ventures, one of the largest independent venture capital investors in the UK.
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Hiring your first employee costs £10,000 more than hiring subsequent ones
The FSB (Federation of Small Businesses) and the Centre for Economics and Business Research (Cebr)...
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Bad hires hurting small businesses as a quarter of them admit to hiring after only one interview
The skills shortage is having a negative impact on small business recruitment, with over half of...
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Staff at small businesses feeling more secure in their jobs
According to the latest release of the Owner Managed Business (OMB) Barometer Index from Bank of...
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FSB says more small businesses looking to recruit in 2014
The UK’s small firms are showing increasing optimism for 2014 as businesses remain positive...
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Small businesses struggling to hire army reservists
According to a survey by the Federation of Small Businesses (FSB), 30% of small businesses are...
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Small firms facing big pay-outs due to severe flooding
The Federation of Small Businesses (FSB) has raised concerns regarding the costs that small firms...
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Business bank will give small firms vital cash injection
Business Secretary, Vince Cable, will today announce Government plans to provide £1bn of...
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Pension delay a mixed blessing for small businesses
The Government’s decision to delay introducing auto-enrolment for small and medium sized...
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