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Small Business Employment and Hiring
Small businesses are hesitant about short-term hiring and pay increases. While long-term numbers signal an economic recovery, planned hiring openings and pay indexes for small businesses have remained flat for the past year. Many companies are instead hiring more temporary and freelance workers. Other factors also contributing to hiring hesitation include new technologies that increase productivity with fewer employees, increases to payroll taxes, government spending cuts, and pending changes to healthcare laws. Most hiring managers are using online resources like social media to research candidates, with Facebook and LinkedIn being the most commonly used.
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- 1. Presented by SCORE.org Planned3-Month Hiring Outlook: Long-T erm Numbers Signal A Recovery... 08 09 10 1 12 13 1 Planned Openings But Short-Term Small Biz Hiring And Pay Are Flat. 941 11,668 5/12 Pay Index Hiring Index 6/12 7/12 8/12 944 11,505 9/12 10/12 11/12 12/12 1/13 2/13 3/13 4/13 Instead, Companies Are Hiring More Free Agents 25 44 Mil P TEM 70 Mil 1997 2011 Mil 2020 (projected) Plus Other Factors Add T Hiring Hesitation: o Technologies Let Businesses Do More With Less Staff Payroll Tax Increases Government Sequester Many Hiring Are Looking Online For a lot of reasons: 40% - Better Talent 84% - Competitive Advantage 70% - Faster Time-To-Hire Pending Changes in Healthcare Requirements 37% Use Social Media Sites T Research Candidates o 65% Facebook 63% LinkedIn 18% T witter 17% Other in association with zipcar.com/business. SOURCES: • NFIB Small Business Economic Trends Quarterly report http://www.nfib.com/research-foundation/surveys/small-business-economic-trends • SurePayroll Small Business Scorecard http://blog.surepayroll.com/April-2013-scorecard/ • Elance Small Business Survey http://mozy.com/blog/misc/small-businesses-driving-new-hires-stats-show-online-jobs-are-hot/ • The End of the Full-Time Salaried Job http://business.time.com/2012/02/17/the-end-of-the-full-time-salaried-job/#ixzz2TO8LnQSB • Career Builder Survey: http://www.prnewswire.com/news-releases/thirty-seven-percent-of-companies-use-social-networks-to-research-pot ential-job-candidates-according-to-new-careerbuilder-survey-147885445.html