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

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The report, based on a survey, found 59 per cent of Canada\u0027s small and medium\u002Dsized businesses were affected by labour shortages

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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.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.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.

 

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