Business owners and managers are failing to take their full holiday entitlement, claiming they are too busy to leave work.
Almost a quarter (22 per cent) are losing out on their allowance, with 67 per cent stating they are too busy and 18 per cent saying they felt too pressured from work to use all their holidays.
The survey, the Close Brothers Business Barometer, found that 55 per cent of owners and managers at small and medium businesses in Yorkshire and Humberside would forfeit one or two days, with 27 per cent losing around three to five days of holiday - almost a full working week.
Lee Hayes, regional sales director for Close Brothers Invoice Finance, which carried out the survey, said: “Regardless of your job title, where you work or level of seniority, it’s so important to regularly set aside time away from the workplace to recharge batteries and leave daily stresses behind, even if it’s just for a couple of days each time.
“No one is able to work at their full capacity unless they take a break a few times a year.”
People in the survey who are taking full advantage of their holidays said they mainly used it to go abroad (41 per cent) or to spend time away from home in the UK (39 per cent).
Mr Hayes added: “So whether it’s soaking up the vitamin D on the beach, exploring a new city or joining the millions that prefer a more adrenaline-fuelled holiday, take advantage of your annual leave. If you’re a manager, encourage your staff to do the same to ensure you have a refreshed and focused workforce, delivering high levels of productivity and contributing to overall business success.”
Close Brothers Invoice Finance is a independent provider of invoice finance to both SMEs and large businesses throughout the UK, Ireland and Germany. The quarterly survey gauges the opinion of SME owners and managers from a variety of sectors across the UK and Ireland.