The NatWest SE100 Data Report May 2017 | Page 11

EMPLOYMENT Social enterprises are attractive employers for jobseekers who are keen to make a difference – millennials, in particular, follow their hearts when pursuing a career Social enterprises are providers of thousands of jobs for people who want to make a difference. Data from 610 enterprises on the Index (which employ at least one person) shows that they employ a total of nearly 116,000 people. That’s an average of 190 people per enterprise and a median of 21. The largest employers include the Anchor Trust, England’s largest not- for-profit provider of housing and care for older people, with 8,600 employees. United Learning Trust, a group of academy and independent schools, has 4,850 employees. Sports and leisure provider Fusion Lifestyle has 3,312 employees at 100 locations across the UK. In terms of employees, most of the enterprises on the Index – 84% – are small and medium sized enterprises (SMEs), or micro-enterprises. The government defines SMEs as those with fewer than 250 employees, and these make up more than half (53%) of the Index. Micro-enterprises are those with between zero and nine employees. Nearly one-third (31%) of the Index are micro-enterprises. Our employee figures don’t capture those enterprises with no employees, so it’s likely that the actual figure is higher than this. Social enterprises are likely to be attractive employers both now and in the future. The 2017 Deloitte Millennial Survey talked to 8,000 people born between 1982 and 2004 with degrees in full-time employment across 30 countries. It shows that millennials want businesses to have a positive impact on society. Almost nine in ten of them believe that the success of a business should be measured in terms of more than just its financial performance, and millennials tend to stay longer with employers that engage in social issues. FIGURE 5: THE FIVE LARGEST EMPLOYERS ON THE SE100 INDEX 8,600 employees Anchor Trust United Learning Trust 4,850 employees 3,312 employees Fusion Lifestyle Ormiston Academies Trust 3,032 employees Oasis Commnity Learning 2,990 employees FIGURE 6: SMALLER EMPLOYERS DOMINATE THE SE100 INDEX Number of employees: 0-9 (micro enterprises) 16% 10-49 (small enterprises) 31% 19% 34% 50-249 (medium enterprises) 250+ (large enterprises) SE100 DATA REPORT | 11