Small business owners working eight-day week equivalent due to staff shortages: CFIB

Play Video

The report, based on a survey of CFIB members last September, found 59 per cent of Canada’s small and medium-sized businesses were affected by labour shortages, forcing the average owner to work 54 hours per week to compensate.From our newsroom to your inbox at noon, the latest headlines, stories, opinion and photos from the Toronto Sun.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

“They have to turn down sales contracts, decrease service offerings. They are diverted from developing and implementing strategies to their business to improve, to grow their business, so that’s really an issue.” The study indicates the problem is getting worse. The number of small businesses affected by labour shortages has increased from 55 per cent in November 2021.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Small business owners working eight-day week equivalent due to staff shortages: CFIB - BNN BloombergA new study by the Canadian Federation of Independent Business says the average small business owner is working the equivalent of an eight-day workweek due to staffing challenges, especially in Western Canada.
Source: BNNBloomberg - 🏆 83. / 50 Read more »