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The flexible working and "better camaraderie" offered by small and medium-sized enterprises can compete with the larger wages given by bigger corporations, according to the Federation of Small Businesses (FSB).
Company directors of small businesses tend to trump their larger corporate counterparts by the flexibility they can offer their staff, the working environment and the general brighter, positive outlook of the workplace.
The absence of human resources department in smaller companies fosters a closer interaction between management and staff. And because the owner of the business is much more invested in the success of the company, they are much more likely to make sure that the people that work for them are happy and content.
Matthew Knowles, spokesperson for the FSB, said: "Sometimes it can be very difficult for a small firm to compete with bigger businesses, with the amount of pay and benefits provided to staff members.
"The way that small businesses compete is by offering more flexible working. They have better camaraderie within the workplace, so it might not necessarily be financial, although it would be wrong to say that all big businesses pay their staff better than small businesses."
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