Nearly half of SME employees leave because of stress and frustrations in the work place

(2 minutes to read)

A new report ‘Causes and implications of workplace stress in SMEs’ revealed the extent and causes of stress for staff working for smaller sized businesses.

As many as 43% of SME employees have changed their jobs because of work-related frustrations and stresses that were not addressed by management.

The ‘Causes and implications of workplace stress in SMEs’ report compiled by Process Bliss also found that one-third of respondents admitted to calling in sick because of work-related stress.

According to the findings, the main sources of SME workplace stress were having to chase colleagues for updates (33%) and a lack of information or clarity when asked to do something (31%).

Other sources of workplace stress cited were a lack of control over a situation (28%), a lack of guidance/direction from the boss (26%) and a lack of response to emails (25%).

Allister Esam, CEO of Process Bliss, commented, “Many of these issues come from people not being given sufficient training or a functioning process to follow that enables them to do their job well.

“At the same time, managers are checking up on, and micro-managing staff because they have no way of seeing whether employees are following that process correctly. This harassment is stressful, contributing to a culture of mistrust and causing people working at SMEs to leave in significant numbers.

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“The biggest problems, a lack of clarity from management when asking for something to be done or a lack of guidance from the boss, simply should not be factors in workplace stress. They are easily avoidable by providing the right training or having functioning processes to work with.”

He added, “Doing more to reduce stress in the workplace is hugely important and should be a key priority for SME bosses during 2019 – staff retention is vital.

“Employees do their best work when they are motivated, engaged, trusted and work in a reduced-stress environment and leave a job when they are unhappy and demotivated. Workplace stress can come from many different sources and while no boss can eliminate stress completely, there are lots of measures that can be put in place to ensure day-to-day frustrations are reduced.”

To find out more about contracting please contact James on 01442 795 100 or email james.trowell@dolanaccountancy.com.

Why Dolan Accountancy?

Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. With over 25 years experience in the contracting marketing, Dolan Accountancy has the heritage, reputation and credibility you can trust. Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £95 + VAT per month. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost. We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours.
  • Free use of Contractor Umbrella – With changes in Public Sector IR35 Legislation we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella.
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams.
  • Free Access to FreeAgent – The founder behind the multi award winning FreeAgent platform was one of Simon’s first clients, therefore it only seems fitting that we offer all of our clients access to FreeAgent, free of charge.
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year.
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status.
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative.
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few.
  • Same day payments- We offer same day payments as standard providing funds are received into our account by 9am, for no additional fee.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

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