A FEW QUESTIONS...
The following questions - and answers - really put the role of the Managing Director or Owner of a small company into perspective.
It is not merely knowing the answers to the questions - but the correct answers themselves that are frightening!
- What is the average UK company size ?
- What is the average annual turnover?
- What is the average working week for an MD/O?
- What is the average profit per company?
- Who deals with the HR work?
- How many hours are spent on HR?
- How much does it cost?
- Do you comply with the law?
Scoll down to see the answers we got...
The answers, below, are typical of those found when asking a number of Managing Director/Owners about their businesses.
- What is the average UK company size ? 2 -5 staff
- What is the average annual turnover? £150 - £400k
- What is the average working week for an MD/O? 70 hours
- What is the average profit per company? £45k
- Who deals with the HR work? MD or no-one
- How many hours are spent on HR? Too many
- How much does it cost? I don't know
- Do you comply with the law? 75% - no!
Frightening isn't it?