Half of micro business staff work unpaid overtime to see company succeed
The UK’s smallest companies have the most committed staff, according to new research that revealsa correlation between the size of a business and the dedication of its workforce.
After surveying 1, 000 small business workers across the UK, card machine provider Paymentsense found that almost half of employees at micro firms with under ten staff regularly worked unpaid overtime because they wanted to the company to succeed.
The research also revealed that this trend declined as the size of the company grew. Fewer than a third of workers at firms with 11 to 50 employees were happy to work unpaid hours for their employer.
The picture was even worse for bosses at the largest companies. Of those employing up to 250 staff members, only a fifth of workers felt sufficiently invested in the business to work unpaid overtime, and were most likely to clock out as soon as their hours were up.
Just a quarter of staff of micro firms said pressure from their manager was the reason they worked unpaid overtime, compared to one in three at larger SMEs.
Communicaton and workflow also appeared smoother within the country’s micro businesses. Last-minute requests from management that led to unpaid overtime were more common at larger organisations.
For Britain’s micro business owners, the news that their staff are likely to be more committed than corporate rivals gives them an edge in a competitive labour market.
Reflecting on the evident passion of micro company staff, Clare Dimond, a leading business coach and author, said: “Achieving alignment between individual and organisational purpose is like adding a Formula One engine to a family car.
She added: When someone believes in and has passion for what they are doing, all their resources, ideas, energy and experience are available for that purpose. As the results of this study show, emphasising and nurturing alignment becomes especially important as a company grows,
Praseeda Nair is the editorial director of Business Advice, and its sister publication for growing businesses, Real Business. She's an impassioned advocate for women in leadership, and likes to profile business owners, advisors and experts in the field of entrepreneurship and management.