Small business staff willing to make sacrifices

Employees within small businesses are willing to make sacrifices to support their bosses and keep their jobs, a new survey suggests.

According to research by business price comparison service Make It Cheaper, almost half of small business staff have agreed to altered hours or pay freezes to help their company survive the recession.

When asked about the dedication of their workers, over half of employers put it down to their commitment to the business, while a fifth suggested staff were worried about being made redundant.

As a result of staff sacrifices, almost eight out of ten bosses said they have not had to let any staff go in the last year. Just 12 per cent anticipate doing so in the near future.

Jonathan Elliott, managing director at Make It Cheaper, said: "This research shows that our small businesses, which represent 51 per cent of UK GDP, can be proud of their staff and safe in the knowledge they will be supportive and inventive when times are tough."

Posted by Gemma Roskell

Published on: September 29, 2010

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