Many small businesses are being forced to offer salary packages higher than originally intended to compete for talent. Seven out of ten businesses are paying much more than they planned when it comes to securing the right candidate.
Typically SMEs lag behind larger companies regarding training – a key factor to retaining employees.
Around 75% of SMEs said staff wanted to leave if companies could not provide them with training, meaning talent is likely to be attracted elsewhere.
In response many SMEs are spending on softer benefits to reduce employee churn, such as a wellbeing programmes or flexible and remote working.
The best thing is to consult with a local company and discuss your plans.
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