A recent survey by Sage found that businesses spend an average of 120 working days per year on administrative tasks, accounting for around 5% of the total manpower for the average Small & Medium Sized Business.
The research compiled by Plum Consulting surveyed over 3,000 small and medium-sized enterprises in 11 countries. ‘Sweating the Small Stuff: the impact of the bureaucracy burden’ found that a reduction of time spent on business administration could result in a 5.6% rise in productivity, resulting in a GDP increase of £33.9billion per year in the UK alone. The largest administrative task for Small & Medium Businesses in the UK is accounting, followed by generating invoices, and taxation.
|Country||Percentage of time lost to administration||Implied loss in productivity
|UK||5.6%||GBP 39.9 bn|
|South Africa||3.7%||ZAR 7.3 bn|
|France||7.7%||EUR 43.9 bn|
|Ireland||3.5%||EUR 2.2 bn|
|Australia||4.9%||AUD 31.8 bn|
|Brazil||6.5%||BRL 79.5 bn|
|Canada||1.7%||CAD 17.7 bn|
|Singapore||5.5%||SGD 10.1 bn|
|Spain||10.5%||EUR 32.0 bn|
|United States||4.9%||USD 335.3 bn|
|Germany||3.7%||EUR 28.2 bn|
How can Action Planning help?
Action Planning has been empowering businesses for over 20 years. We help small and medium-sized businesses capitalise on the efficiency and performance benefits that can be gained from appropriate training and software packages. We’re passionate about ensuring that clients have the right systems for their particular needs and circumstances and that their staff have the skills to make the most of these tools.
Action Planning offers a variety of payroll packages for small and medium-sized businesses. Outsourcing payroll doesn’t mean you end up paying above and beyond for what you need – simply choose the correct package to suit your own business needs.
Outsourcing through Action Planning means no more headaches, no stress, no hassle and you’re left focusing on what is most important to your business – focusing on winning and serving customers.