SMEs are becoming even more important for the UK economy, research reveals

There are currently over one and a half million (1,667,265) SMEs in the UK that account for over fifty-one percent of total revenue and over sixty percent private sector employment, recent data from the Office of National Statistics can suggest.

The dominating SME industries in the UK are the wholesale of retail trade, repair of motor vehicles and motorcycles, accommodation and food services, and education.

Furthermore, according to research by Bizdaq, under a quarter of a million (246,840) SMEs are located in London,  followed by the South East contributing fourteen percent (232,820) of the UK’s SMEs and the North West which is home to ten percent (176,845).

In contrast, the UK regions with the least number of SMEs include Northern Ireland with just under fifty thousand (48,865) SMEs, Wales with just over seventy-three thousand (73,825) and the North East with over eighty-five thousand (86,160).

Time and Attendance UK – experienced SME partner, supplier of advanced workforce management solutions

Every company that faces massive changes in its organizational structure should first and foremost implement a very solid and reliable workforce management system, capable of coping with the challenges.

Time & Attendance UK is a market leader in Time and Attendance and Access Control solutions, offering companies an extensive set of tools enabling them to manage their workforces in a very effective manner.

Our top-range smart card-based clocking stations offer a very high level of functionality, supporting features such as job booking, job costing, labour hours analysis and security management including quality CCTV systems playback.

Additionally, our software allows companies to easily store details for up to 2000 employees, and also offers a couple of additional interesting features, such as payroll and absence summary support, job booking and Fire Roll Call, shift swapping and premiums, etc.

If you want to find out more about the range of solutions provided by Time and Attendance UK, our dedicated team will be more than happy to answer all your questions.