As we come to the end of January, shocking figures have come to the surface that suggest half of all UK SMEs are failing when it comes to the security of their business, with many at imminent risk of breach.
Further studies have also shown that small to medium-sized businesses are losing an average of £500 per employee through sickness and absence, raising the question of whether or not SME owners could be doing more for standards of office well-being.
Feature of the Week
50% of UK SMEs failing on security | Smallbusiness.co.uk
It has been revealed that small businesses in the UK are not taking the necessary measures to take care of security. More than half are failing at keeping their company safe, and a huge three fifths are in danger of a severe security breach.
Many SME owners seem to be ignorant over the financial and client implications that a low-level of security can have, and are being encouraged to introduce more measures such as ID cards and restrictive access.
Employee absences costing businesses £500 per employee | BM Magazine
Office wellbeing has come under question recently with figures that show that sick days cost small businesses an average of £554 per employee, per year.
The study also indicated that less than half of all business decisions take wellbeing into account which may contribute to our internationally low productivity levels.
Restricted access to company information leaves employees feeling left out | Smallbusiness.co.uk
The majority of UK employees feel unsatisfied with the amount of company data that is revealed to them, reports suggest.
More than four fifths have said that they want their bosses to share more information with them, and a reluctance to do so would result in negative impacts on their contribution to the organisation.
Property investment favoured by business owners | SME Insider
More than 50% of owner-managed businesses have claimed to favour residential properties for their investments, predicting that these types of investments will deliver the greatest return on investment in 2016.
Other investment choices such as stocks and shares, cash and commercial property all ranked considerably lower.
IT skills shortages impeded business growth | Smallbusiness.co.uk
A notable shortage of workers who have IT skills is creating difficulty among employers who are struggling to hire the staff they need. This is particularly true for those with Java skills- the most widely used programming language.
This issue is particularly prevalent in the private sector.