The latest business feedback survey from the National Small Business Association comes as the stock market has one of its worst days in recent memory. U.S. stocks took a dive today in the biggest drop since the 2008 financial crisis. The Dow Jones Industrial Average dropped over 500 points as investors lose faith in both the American and European economies. This huge drop today is the culmination of a terrible few weeks on Wall Street. People are worried about the economy.
Every year since the 60's, U.S. Presidents have declared one week out of the year "small business week." This year, President Obama has declared May 16th - 20th as such. In honor of this Braun Research, at the behest of Capital One Bank, has conducted a survey of nearly 2000 small business owners from around the country.
U.S. small business owners plan to add nearly 3.8 million jobs this year, according to the latest Small Business Success Index, released by the Center for Excellence in Service at the University of Maryland’s Robert H. Smith School of Business and partner Network Solutions.When asked about their hiring plans for 2011, 28 percent of small business owners said they expect to increase staffing by an average of two full-time employees.
The majority (93%) of small and mid-sized businesses plan to keep staff and add new hires this year, according to a new survey from human resources firm Insight Performance. The Small Business and Human Resources 2011 Outlook Survey also found that 38% of companies plan to offer base-pay raises, as optimism for business conditions increases to 80% for 2011.
Chief information officers (CIOs) expect a modest increase in hiring in the fourth quarter, according to a new report from Robert Half Technology.Nine percent of chief information officers (CIOs) plan to add information technology (IT) staff and 6 percent foresee cutbacks before the end of the year. The net 3 percent increase in hiring activity is down three points from the prior quarter's forecast, but up three points from this time last year.
JPMorgan Chase has introduced a new incentive that rewards small businesses for each new employee they hire this year.Starting today, Chase said it will lower its interest rate on a new Chase Business Line of Credit by 0.5 percentage point for each new hire, up to three for the life of the loan. Counting the discount for a new business checking account, a small business owner could save about $4,000 over three years on an outstanding balance of about $65,000, Chase estimates.
Intuit, the maker of such financial software as Quicken, QuickBooks, and TurboTax, has released its monthly Small Business Employment Index report for May. The report is based on aggregate and anonymous online employment data from about 50,000 small business employers, each with less than 20 employees, which use Intuit's Online Payroll software.
Intuit, the software vendor responsible for such popular financial software like Quicken, QuickBooks, and TurboTax, has released its monthly report, the Small Business Employment Index. The main finding of this month's report is that small businesses are showing signs of an economic rebound. The findings were based on data from businesses with fewer than 20 employees (87% of the total US private employer base).
In the Small Business Opinion Poll from EMPLOYERS, small business decision-makers indicate that it will require over 12 months for their businesses to return to pre-recession levels, in terms of annual sales. In addition, 41% say it will be more than 10 months before they start hiring.
Manpower Inc. has released the results of its latest Manpower Employment Outlook Survey. The results show that US employers anticipate a moderate increase in their hiring plans for the first quarter of 2010.
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