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Home» Business » Over 65% of small businesses unaware of changes to holiday entitlement

Over 65% of small businesses unaware of changes to holiday entitlement

Posted by admin - March 26, 2009 - Business

Small firms unaware of holiday changesAccording to a survey by Humyo.com, over 65% of small firms are unaware of this change which takes the total holiday entitlement to 28 days a year.

Given that the minimum wage is currently £5.73 an hour, the extra cost annually comes to £172 per worker – that’s £1.9 billion when spread across the whole economy.

Two-thirds of small firms object to this recent change in view of the economic downturn. 50% said that freezing the current holiday entitlement would help them survive the recession.

For fresh ideas, new possibilities and a value driven service go to Garside & Co LLP Chartered Accountants in London.

Related posts:

  1. Ten ways to cope with recession
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  3. £1.3 billion help for small firms

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