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Increased holiday entitlement for British workers |
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Written by Frank
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Monday, 17 September 2007 |
As the August Bank Holiday approaches, a new law is to be introduced which will force employers to give more time off to employees. The Working Time Regulations 1998 currently entitle workers to four weeks' paid holiday each year. As there is no statutory entitlement to paid bank holidays, some employers only pay employees on such days by including it as part of their annual leave. The new law will increase holiday entitlement from 4 weeks to 5.6 weeks each year, which is equivalent to receiving 4 weeks plus the bank holidays.
 More holiday for British Workers
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Last Updated ( Monday, 17 September 2007 )
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How small companies are turning away millions of pounds of business every year |
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Written by Christine
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Monday, 10 September 2007 |
Did you know that failing to carry out one simple task is actually costing UK companies millions of pounds and enormous amounts of lost business every year?
It’s something as straightforward as answering the telephone. Yet in a recent survey carried out by Birmingham-based Time Etc, almost 60% of small businesses and sole traders didn’t answer their telephone.
Research carried out in the past has shown that seven out of ten callers don't bother to leave a message or call back if they get an answerphone, voicemail or an engaged tone. What’s more, most new business is gained via the telephone and yet 20% of potential new business is lost because the call hasn’t been taken.
Clearly, the telephone is the lifeline for all small businesses and sole traders and it’s vital that they take as many calls as possible, both from existing clients and potential new customers. But how many realise this and actually answer the telephone? Time Etc decided to find out, to see if getting hold of a human is really as hard as it sometimes seems.
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Last Updated ( Monday, 10 September 2007 )
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The make up of entrepreneurs |
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Written by Kerry
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Tuesday, 04 September 2007 |
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Entrepreneurs and small business owners are often classed as a different breed and research from an accounting software company has revealed some interesting statistics such as nearly 20% of SME owners have been fired from their previous jobs before forming their own business.
The research was commissioned by SME accounting software company KashFlow who spoke to 1146 business owners from across the UK in order to try and get a better understanding of user needs and requirements.
Other interesting statistics from the research revealed;
When it came to the reasons why small business owners formed their own company 44.2% said it was because they were sick of their existing job and thought they could do better themselves, 37% said that they identified a niche idea or gap in an existing market, 7.6% said it was due to redundancy and 5.4% said they had no option as they could not find a job.
When asked which SME support network has most helped their business, Business Link led the way with 37.9% followed by the Federation of Small Business with 18.6%, 16.4% for online business advice forums such as UKSmallBusinessForums.co.uk and 15.5% for the Princes Trust.
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Last Updated ( Tuesday, 04 September 2007 )
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