New guide helps SMEs bounce back with economic rebound

01 June 2011

London, 1 June 2011 - With the economy showing signs of recovery, it may be time for companies to update their definition of “business as usual.” According to research by Robert Half, business confidence amongst small and medium enterprises (SMEs) has risen an average of 22 per cent over the past half year for companies with 1 to 499 employees. As the mood shifts, SME companies need to prepare to take advantage of emerging opportunities.

To help SME business leaders position their companies for success, Robert Half has published a new guide, 20 Ideas for Small Businesses and Pitfalls to Avoid. Based on Robert Half’s extensive work with small and medium-sized clients and the firm’s comprehensive research on workplace issues, the guide offers advice to help companies manage through a chang­ing economic environment. Part of The Robert Half Small Business Series, the guide designed to provide SME business owners with the resources they need to recruit, retain and motivate their teams, and improve their companies’ productivity and profitability.

20 Ideas for Small Businesses and Pitfalls to Avoid provides practical, real-world strategies SMEs can use to boost retention, hire strategically, enhance corporate culture, build relationships online with customers and update infrastructure and policies. In addition to providing ideas that can help businesses take advantage of new opportunities, it also points out some common pitfalls that can derail companies from staying on track.

“Small and medium-sized organisations are significant contributors to a recovering economy,” said Phil Sheridan, managing director of Robert Half UK. “The ability to stand out and compete with larger rivals for market share and top performers will be key considerations for business leaders as they navigate the upturn.”

Sheridan adds, “We have been helping SME organisations for over sixty years and understand that their priorities and concerns differ significantly from their larger counterparts. Our new guide addresses issues from hiring and retention to social media and workplace culture to help SMEs define and enhance their corporate and employer brand.”

About the survey

The results are based on bi-annual interviews with CFOs across the United Kingdom from the third quarter of 2010 and the first quarter of 2011.

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