News: Small businesses are becoming more stressed

stress in small businessStress levels are on the rise in small businesses, driving absences and affecting business performance.

According to Zurich’s latest SME Risk Index, 42% of small business owners believe stress had a noticeable impact on their business in 2012.

Workforce absences have risen over the past two years, with 12% reporting more short-term absences related to stress. A quarter (25%) of respondents reported lower morale in 2012 due to stress. Overall, 29% of those surveyed said stress is having a negative impact on business performance.

Some respondents seemed to be confident about their business in 2013, however. A third (33%) said they welcome the prospect of a stronger economic environment and 29% said they were looking ahead to expansion of business in the UK.

Richard Coleman, Director of SME at Zurich Insurance said: “It is perhaps not surprising that the fragile business climate has had such an impact on workforce stress and morale, and if these issues aren’t addressed they could have serious long-term consequences for business stability and performance.”

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Kasey writes about the latest small business and website news for bOnline. Find Kasey on Google+, or follow bOnline on Facebook, Twitter, LinkedIn and Google+

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