By Colin Fitzgerald.
Dispelling the myth that SMEs can’t afford group risk.
Faced with an underlying economic catastrophe, the narrative for businesses across the UK has quickly shifted towards business recovery. This is all about survival. And organisations are going to have to get back on track quickly during the ongoing return-to-work phase. Never more so than for SMEs, for whom the impact of the pandemic will be more keenly felt than their larger counterparts - in terms of revenue as well as the health, wealth and happiness of their people.
With 80% of the UK's SMEs reporting their revenues are currently in decline right now and 24% concerned about their ability to retain employees, the shape of the sector could change considerably over the coming year.1
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