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

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A 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.

the average small business owner is working the equivalent of an eight-day workweek due to staffing challengesThe 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.

"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." Among businesses experiencing labour shortages, almost three-quarters reported the owners had to work more hours and 54 per cent indicated their employees had to work more hours to make up for being short-staffed.

By sector, the share of owners working more hours to compensate for staff shortages was 84 per cent in hospitality and 82 per cent in agriculture.

 

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