Topical business challenges such as rising costs, marketing challenges, employee retention, and imminent employment law changes are due to be discussed in the fourth annual SME Business Survey.
Small and medium sized enterprises trading in the UK are being urged to share the obstacles they expect to face over the next 12 months as part of the barometer, organised in partnership with other firms by Kettering-based HR Solutions.
This is the fourth consecutive year that the award- winning human resources experts have run the study, which they use to gain a deeper understanding of the economic landscape and discover how SMEs plan to navigate the changing business climate.
This time around, HR Solutions is partnering with Qoob Agency and Pulse Group Media. The team anticipate that the collaboration with these market leaders in publishing and digital marketing will strengthen the survey’s authority and reach, and, therefore, provide greater insight into how SMEs are currently faring.
“With our survey now in its fourth year, it has been enlightening to see the shift in mindset of SMEs during that time. Financial performance and securing new business were at the forefront of owner-directors’ minds in 2023, but despite the challenges, the support network we have created in response to the survey has meant that we have provided numerous businesses with opportunities for growth and development.
“We are proud to be able to provide this annual pulse check on the SME economic landscape and we are grateful to all those who take part in the survey and the subsequent support sessions as this enables us to collect useful information which can really make a difference. The results of the survey help us to predict the key factors influencing businesses in the coming year and share insight on how to overcome challenges.
“The more people that we can encourage to complete the survey, the better understanding we have on what support SMEs need right now. The survey is available online and it is simple and speedy to take part. Please do get involved and help us to help you.”
The SME Business Survey was originally launched in the middle of the pandemic in 2020, and since then has provided powerful and valuable insights into the problems SMEs face in both day-to-day operations, workforce management and planning for the future.
HR Solutions uses all questionnaire data to produce an annual report addressing the issues raised and suggest recommendations for SME business owners to overcome the challenges.