Research has found that UK SME employees are working an additional 8 hours’ unpaid work worth £1.6billion at home and their workplace, causing an increase in stress and an uplift in employees handing their notice in according to Paymentsense.
The survey found that 16% of those who took part are working more hours, in fact of those aged between 18-24 are working an extra 11 hours each week unpaid. The most popular reason (58%) for employees to be working so many extra hours is so they can keep up with the amount of work they have, 30% revealed it was due to the pressure coming from their managers while 28% work extra hours because they want the business to perform well. Regardless of reasons why, it has caused 42% to feel more stressed and 37% to feel under appreciated by their boss.
The survey conducted also highlighted that 36% of those who took part said that their bosses hardly ever show recognition or pass credits when due to their staff who are putting in the extra hours. To add, 29% have said that they’ve considered walking away from their position in the business and looked elsewhere, some for a complete career change. On the other hand, 26% have considered starting up their own business and 16% said they would go freelance so they can get away from their roles at present.
Leading business coach and author of ‘Free Choice,’ Clare Diamond comments;
“With a smaller number of staff, the contribution of every employee in an SME is critical. Employers that value the time, creativity and mental clarity of each individual will see the impact on their bottom line and staff retention rates.
“Directors can role model good mental health behaviour for their teams. Avoiding stressful thinking, spending time exercising or with family and creating a culture of strong relationships, and individual contributions, make for a healthy, inspired career and home life.”
Head of marketing at Paymentsense, Guy Moreve explains;
“We know from working with over 50,000 of the UK’s small businesses that SMEs are constantly challenged to balance the often unpredictable demands of growth, with looking after hardworking staff – especially in potentially uncertain economic times.
“Keeping employees happy should be a priority, given its impact on productivity levels. The good news is that perks don’t have to cost a fortune. Our own research has shown that an early Friday finish, the chance to work flexible hours, and a free day off here and there: for birthdays, duvet days or to help with moving house are the amongst most sought-after benefits.”