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

Simply Business research suggests

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

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 £...

To continue reading this article...

Join Cover

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around Covid-19, regulation, diversity and mental health.
  • 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

Long Covid sufferers experience mental health drop: Canada Life

Long Covid sufferers experience mental health drop: Canada Life

Research reveals

Hemma Visavadia
clock 30 June 2022 • 1 min read
Finding a balance in supporting the clinically extremely vulnerable in the workplace

Finding a balance in supporting the clinically extremely vulnerable in the workplace

"The challenge for employers will be to spot the early warning signs"

Rus Waygood
clock 29 June 2022 • 5 min read
Partners& taps Steve Herbert as wellbeing and benefits director

Partners& taps Steve Herbert as wellbeing and benefits director

To accelerate thought leadership programme

Hemma Visavadia
clock 28 June 2022 • 1 min read