SUCCESS can mean something different to every small business owner. But for many, it can mean enjoying the recognition and turnover that requires taking on more staff just to keep up with demand.
There are about 4.8 million small and medium-sized enterprises (SMEs) in the UK, accounting for 99.9 per cent of all private sector businesses, employing an estimated 14.1 million people.
Almost all of these businesses have between zero and 49 employees, with only 0.6 per cent employing between 50 and 249 people. So what keeps small businesses from hiring staff? Many times, it comes down to a lack of time to devote to the process, or fear of what’s involved.
Sole traders and micro business owners are often so busy keeping their businesses going and managing all the tasks associated with the business, that they may find it difficult to make the time to recruit and hire staff—let alone go through the process of actually hiring someone.
But taking on employees may not be as difficult as it may seem. There are resources available through the Government and private sector’s Business in You initiative that outline the key steps to take - from understanding employment law to paying employees - including an online guide to taking on an employee for the first time.
The Business in You website points visitors to support for companies facing the prospect of hiring, which can be helpful for those planning to hire for the first time. From a single link on Business in You, visitors can find helpful information from the Government on everything from help with recruiting to checking employees’ right to work.
Specifically for small businesses, a host of support is also available through local Job Centre Plus offices, including the Small Business Recruitment Service.