Small business bosses must ensure that they do more to publicise the benefits of working for small firms or risk missing out on talent, according to the Federation of Small Businesses (FSB).

Working at a small firm compared to a large organisation has many benefits such as greater flexibility, a greater all-round understanding of the business and often offers a quicker career path.

"If you join a large corporation you rarely get close to the CEO, but in a well-run local company you become part of the decision-making process earlier. You also experience parts of the business such as operations, sales and marketing, which can be invaluable to your future career," said Stephen Alambritis of the FSB.