05/25/2012 (press release: Online PR) // Hannah Roberts
Over 1m business owners work 9 hour days as standard
Of course, when the bottom line is that the success of your business rests on you, there’s always going to be a massive motivation to keep going when a regular employee might not.
Will Lindsay, Regional Director at Clydesdale Bank, comments: “We’ve calculated that around 1 million UK business owners are working more than 45 hours per week, with almost two thirds of those putting in over 50 hours, far more than the UK average working week of nearly 43 hours.”
No one needs reminding of the tough period we’re going through currently, and that the immediate future remains unclear. This means taking on, or even justifying the wages of existing staff, is difficult for many small businesses right now.
Lindsay continues: “Owners, who often don’t draw much of a salary or pay themselves overtime, are rolling up their sleeves and working extended hours to ensure their customers are looked after, and their businesses survive. It’s understandable that they don’t want to close for holidays, or spend money on overseas trips, but it is worrying that they don’t seem to take time for themselves.”
The Bank’s latest research also indicates that more than 2.5 million small business owners UK-wide haven’t had a single day off sick in the last three years.
Over 75% of employees work overtime for no extra pay*
Whilst business owners are putting in the hours to make ends meet, the pressure on employees to demonstrate their effectiveness means they too aren’t shying away from the reality of working unpaid overtime.
Annual research conducted by the TUC suggests that 1.9 billion hours of overtime were worked by employees last year, worth £29.2bn to the UK economy and confirmation that Britons work some of the longest hours in Europe.
The study found 5.3 million workers put in an average of 7.2 hours of unpaid overtime a week, worth around £5,300 a year per person. Among professional staff, this figure rose to 9.5 hours extra each week, worth a whopping £9,000 a year per person, it was revealed.
Workers in London and the South East carry out the most unpaid work, with 26.9% and 25% of employees likely to work extra hours for free respectively. In addition, older employees are increasingly working unpaid overtime, and working beyond their traditional retirement age in general, because of fears over a loss in income.
Lindsay concludes: “Whether you’re a business owner or an employee, being healthy and on top of your game is an important part of succeeding in business. Investing time in your physical, mental and social well-being can be every bit as valuable as cash is to your business.”
*According to a recent online poll conducted by The Guardian.
Want to be able get on with what you do best? Looking for telephone support while you take a well-earned break? With Moneypenny looking after your calls, you’ll ensure that every new business lead is being capturing and that your customers are being cared for at all times. Find out more about Moneypenny.
As the UK’s leading telephone answering service, Moneypenny looks after calls for businesses of all shapes and sizes as well as offering virtual assistants support – from sole traders right up to multinational corporations. For larger companies, Moneypenny can either support an existing reception team or become their fully outsourced switchboard support service.
Moneypenny can also provide business continuity if that’s what a company is looking for. The company was founded by a brother and sister team in 2000 and the company now handles in excess of eight million calls a year. Moneypenny is proud to have won the Queen’s Award for Enterprise and was in The Sunday Times 100 Best Companies to Work for 2009/11. Call 08000 199 944 or visit moneypenny.co.uk
For more information, please contact:
T: 0845 1233700
E: Hannah.r[email protected]
Social Media Tags:telephone answering service, virtual assistants, switchboard support, moneypenny
Newsroom powered by Online Press Release Distribution – SubmitMyPressRelease.com