Christmas cancelled for nearly half of SMEs

Zurich’s latest SME Risk Index reveals nearly half (49%) of SME decision makers have worked on Christmas Day.

Despite being a national holiday, nearly one in five (18%) SME decision makers have had to go into work on Christmas Day, and nearly a third (32%) have sacrificed the festivities to check and send work emails.

Zurich’s latest data has shown that SMEs are missing out on a number of festive moments. Nearly one in ten (9%) have missed their children(s) nativity play and 9% have also missed putting the Christmas tree up. Another milestone in the festive period for many professionals across the country is the work Christmas party, but one in ten (13%) have missed this event. 

Not only have SME decision makers had to work over the Christmas period, they’re also losing out on annual leave. Data from Zurich’s SME Risk Index reveals one in ten (14%) decision makers have not taken any annual leave this year and in addition, almost one in five (18%) have not had more than 10 days off this year.

Jason Eatock, Head of SME at Zurich says:

“It will come as no surprise to SMEs that despite commonly held views about the lifestyle benefits of working for yourself, the reality can be very different. Missing big events such as your child’s nativity play is a high price to pay and shows the pressure many SMEs are under.

“As we look forward to taking some rest over the Christmas season, it seems current economic and political concerns are driving many of our small business owners to carry on working. We hope that everyone gets a chance to enjoy the holidays and as ever we offer our support to make their businesses run as smoothly as possible during the festive season.”