Small Business Trends to Monitor in 2019

Small Business Trends to Monitor in 2019

With evolving attitudes toward employee health and wellness set to take centre stage in 2019, we thought it would be useful to take a closer look at the small business trends you should watch loosely throughout 2019.

The reality in 2019 is that the nature of work in the UK is evolving.  Now, more than ever before, workplace norms are starting to align more with the wants and needs of the employee and new rules are likely to become established regarding how business is conducted in the future.

Why are Health and Wellness Benefits so Important to Worker’s in 2019?

Would you be surprised to hear that personalised health and wellness benefits are now just as important to people as their salary?  Well, you shouldn’t be. With increased popularity in achieving that elusive ‘work-life balance’, many people are starting to consider how wellness initiatives at work can help their overall mental health.  Mindfulness classes and other wellness initiatives will likely play a much larger role in employee retention in the future.  This emerging trend is definitely one to watch!

What’s Next for Wearable Tech?

New research indicates that there will be a huge intake in the number of employees receiving wearable tech in 2019. Both Apple Watches and Fitbits are set to become a part of company-sponsored wellness initiatives.  Just think, activity and fitness trackers, along with heart rate monitoring will help to ensure a company’s workforce remains healthy, meaning less unplanned visits to the doctor.

The Rise of the Remote Worker

For decades, Britain’s workforce has been expected to follow the traditional 9-5 structure, Monday through Friday.  In recent years, we have seen a more relaxed approach take hold.  As smartphones and laptops offer increased mobility, working remotely has become a new norm.  This means employees can now work from anywhere, at any point of the day. The flexibility this offers has led to a fundamental shift in the way we work.  And flexible schedules are set to become even more popular in 2019.

Renting is on the Rise – Everywhere!

Consumers are now driving the shift away from a traditional ownership model to one of renting.  Think of global brands like Spotify and Netflix who have revolutionised how we listen to music and consumer television.  Every business – particularly small businesses – should be exploring new business models in an effort to tap into this fundamental consumer shift.  Nowadays, consumers are looking for one thing: access. As businesses consider how this will impact their strategies in 2019, they will have to consider whether to partner, build or simply buy their way into it.

 

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