Ma­jor­ity of SMEs ‘are suf­fer­ing from pro­duc­tiv­ity prob­lems’

Yorkshire Post - Business - - FRONT PAGE -

MORE THAN three-quar­ters of York­shire’s SMES (small-and-medium-sized en­ter­prises) claim to be suf­fer­ing from pro­duc­tiv­ity prob­lems, ac­cord­ing to new re­search.

How­ever, smaller busi­nesses in the re­gion re­port that they are more pro­duc­tive than their coun­ter­parts in many other ar­eas of the UK.

In Lon­don, for ex­am­ple, 93 per cent of SMEs re­ported a pro­duc­tiv­ity prob­lem, ac­cord­ing to the study by Opus En­ergy. The sur­vey found 78 per cent of York­shire SMEs suf­fered from pro­duc­tiv­ity is­sues, which is lower than the UK-wide fig­ure of 86 per cent.

It fol­lows the pub­li­ca­tion of CYBG’s quar­terly SME Health Check In­dex for York­shire and the Hum­ber, which fell by four points to 37 in the last quar­ter of 2017, al­though it was the only re­gion out­side Lon­don to wit­ness an up­turn in con­fi­dence dur­ing those three months.

Nikki Flan­ders, Opus En­ergy’s chief op­er­at­ing of­fi­cer, com­mented: “It’s a wake-up call to hear that 86 per cent of SMEs across the coun­try are strug­gling with pro­duc­tiv­ity. We need to think of dif­fer­ent ways to en­gage with and en­er­gise our teams – we all know that our busi­nesses are noth­ing with­out them. We need to con­sider re­ward and de­vel­op­ment op­por­tu­ni­ties in the broad­est sense to boost our em­ployee of­fer­ing.”

Ms Flan­ders urged small and medium-sized busi­nesses to learn from each other and share best prac­tices.

She added: “Peo­ple are hap­pi­est when work­ing in a role that suits them and their tal­ents.

“It’s un­de­ni­able that cer­tain ar­eas of the coun­try are hotspots for cer­tain skills, and so busi­nesses need to look at what core skills they need, and where they are in abun­dance. By be­ing strate­gic about choos­ing your com­pany lo­ca­tion, you help build a plat­form of suc­cess for your teams.”

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