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Underperforming employees cost small firms

The skills gap in the UK is impacting small businesses to the tune of £39,500 each year, according to new research. The Sunflower Group’s study found that underperforming employees are having an effect on small businesses through salary costs and lost growth opportunities.

Four in five small businesses say they find it difficult to attract workers with the correct skills in the first place, with 31 per cent reporting it as very difficult.

Some 89 per cent of owners of small and medium-size businesses report that new staff need more supervision and training than planned – meaning owners spend time supervising employees, instead of focusing on growing the business.