Employees Contribute To UK Small Biz Survival

It looks like many of the small businesses that survive the recession will do so (at least in part) due to sacrifices made by their employees.  New info from a price comparison firm called Make It Cheaper shows that about half of UK small businesses’ employees have helped in at least one unusual way.

This goes far beyond being extra nice to customers or mentioning the business to friends and family members.  According to an official release, "45% of staff in small businesses have accepted a pay freeze, agreed to less hours or even worked more hours for no extra money, in an effort to help their business combat the recession."

Plus, most of the workers in this group didn’t take action just because unemployment seemed like a probable alternative.

The release explained, "A sign of British resilience in difficult times, just 21% of bosses put their affability down to fear of losing their job, with more than half those surveyed (54%) instead attributing their workers’ acceptance of changing circumstances to their dedication to the business."

Let’s hope this all pays off in the end, both for small businesses and the employees who’ve made compromises.

A bit of good news on that front: the market’s up at the moment after being down rather a lot this morning.