Micro businesses to create 1.9 million new jobs in 2014
Posted on in Business News , Creative News
Small and micro businesses across Britain are planning to take on 1.9 million extra employees in 2014, with 400,000 home based businesses looking to take on their first employee, according to new research released today.
Direct Line for Business's research revealed that new employees joining small and micro businesses this year will work on average 28 hours a week. Those looking to hire their first employee will expect the role to require less hours (21 hours a week) this year.
As such small and micro businesses are planning to pay new staff on average £14,405 a year while home based firms will start new staff on £10,795 a year.
The influx of new workers will provide a significant boost to the company. Not only will the country benefit from these jobs but they will also create an average of more than £27 billion in wages.
On a regional basis, London was the most proactive in terms of plans to take on extra staff. Two in five (41%) small and micro sized businesses are planning to take extra staff this year. The South West was second with 35 per cent and the North West with 31 per cent.
British female small business owners are more likely to recruit extra employees this year compared to men. A third (33%) of small businesses run by women will look to recruit extra staff this year compared to just 26 per cent of male business owners.
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