NEN talks to People Management about how small business owners reward staff

NEN talks to People Management about how small business owners reward staff

NEN’s chairman says small business owners know the value of their staff, but don’t have the cash flow to show their gratitude through salary rises or bonuses.

In April 2022, People Management Magazine reached out to the National Enterprise Network for our take on the concept of a ‘Thank Holiday’.

Chairman Alex Till was invited to comment, after a campaign was launched by the group Together.org calling for UK Government to create a new annual Bank Holiday from 2023.

People Management article

The campaign is supported by businesses, business leaders and networks, including the Royal Voluntary Service, Social Enterprise UK, Scouts, the Confederation of British Industry, the Archbishop of Canterbury, Hospitality UK, the Trade Union Congress and many more.

Given tight budgets and the high proportion of not-for-profit organisations and volunteers in the enterprise support sector, creating a dedicated day of thankfulness would be of considerable benefit to teams across the country.

Speaking on behalf of the National Enterprise Network, Chairman Alex Till said the organisation “would be a strong supporter of ‘Thank Holidays’ being adopted across the sector, and would encourage SME owners to consider this for the wellbeing of workers.” He explained that;

business owners know the value of their staff, but frequently don’t have the cash flow to show their gratitude through salary rises or bonuses.

Instead, Mr Till said that “being able to recognise and reward staff through ‘Thank Holidays’ would be a great way for small business owners to give their hardworking teams a boost”.

You can read the article in full on PeopleManagement.co.uk:

Is another bank holiday a good thing for businesses?