Sage Survey: Most Small and Midsized Businesses Not Hiring in 2013
by Terri Eyden on
By Jason Bramwell
Thirty-four percent of US small business owners and fifty-five percent of midsized business owners say they expect their staffing levels to remain the same in 2013, according to a hiring forecast by Sage North America.
While 34 percent of small businesses (one to nineteen employees) won't likely be hiring this year, 34 percent report they either hired or will hire this year, while 7 percent say they'll decrease their staff, the Sage SMB Hiring Outlook Survey reports.
According to the survey, the biggest factor influencing whether a small business has hired or will plan to hire – perhaps not surprisingly – is increased demand for its products or services (81 percent). Conversely, the biggest factor influencing those companies that haven't hired or aren't planning on hiring in 2013 is lack of demand for its products or services (37 percent).
"If you ask small or midsized business owners, they will tell you that demand is one of the primary drivers behind many of their business decisions, including hiring," Connie Certusi, executive vice president and general manager at Sage Small Business Solutions, said in a press release. "In previous Sage surveys, small and midsized businesses have repeatedly reported that taxes and regulations are a roadblock for their business growth. However, what this survey indicates is that while taxes and regulations are factors that influence hiring, the number one driver is a demand for products and services – or lack thereof."
Other factors influencing small businesses to decrease or to keep their current workforce the same size include:
- Economic outlook uncertainty (39 percent)
- Non-health-care-related costs of doing business (26 percent)
- Uncertainty in Washington, DC (20 percent)
Of those small companies that have hired or are planning on hiring this year, 73 percent will staff with full-time employees, compared to 31 percent that will hire part-time employees. Eight percent plan to hire contract workers, and 15 percent plan to hire seasonal workers.
Access the Sage SMB Hiring Outlook Survey for additional results.
About the survey:
The survey was conducted by Sage North America in May. A total of 973 people completed the web-based survey. The margin of error is +/- 3 percent with a confidence level of 95 percent.
- Hiring Outlook Looks Promising for Accounting Grads
- Survey Finds Small Businesses Slowly Increasing Economic Activity
You may like these other stories...
In my last article, I discussed the model of value pricing and the benefits this billing structure offers you and your clients. However, in order to set up the right value pricing for your client, you need to know what...
Remember the old joke about the devil showing a guy around Hell? There were great parties, swimming pools, and sumptuous food. The guy liked what he saw, lived a bad life and went to Hell when he died. Upon arrival the devil...
Sometimes, the grass really is greener elsewhere. LedgerLink, a social and career community for accounting professionals, recently conducted extensive surveys and analysis to determine the very best American cities for...
Upcoming CPE Webinars
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.