More than 500,000 SME owners 'have not had a holiday since 2014'

Simply Business research suggests

Adam Saville
clock • 3 min read

SME owners facing burnout as thousands avoid taking time out or struggle to switch off while away

Thousands of small-to-medium (SME) business owners are heading towards burnout, with one in 10 not taking a holiday for longer than five years, analysis by Simply Business has suggested. The survey of 500 SMEs also revealed that three in five (62%) SME owners cited potential loss of earnings as the main reason for them not taking time off. More than a third (35%) estimated that taking a holiday costs them at least £2,500 in lost earnings, while one in 10 (8%) estimated they would lose £5,000 or more for every holiday they take. One in five (19%) said holidays were stressful because of...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Group Protection

Autumn Budget 2024: Employers' NI hike's impact on group protection

Autumn Budget 2024: Employers' NI hike's impact on group protection

Businesses urged to maintain investment

Cameron Roberts
clock 30 October 2024 • 3 min read
MetLife expands YuLife partnership

MetLife expands YuLife partnership

Group income protection

Cameron Roberts
clock 28 October 2024 • 1 min read
Quarter of employers not recording sickness absence impact

Quarter of employers not recording sickness absence impact

GRiD finds

Jaskeet Briah
clock 23 October 2024 • 2 min read