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Small Businesses Still Waiting to Hire


Poll Finds Nearly Half Waiting Another Year

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.

"Even as key economic indicators such as consumer spending and new home sales are beginning to show signs of recovery, EMPLOYERS' latest Small Business Opinion Poll reveals small business decision-makers are still apprehensive about 2010," the firm says. "And as credit markets remain tight, 40 percent of small business decision-makers reported the recession negatively impacted their access to credit."

"While there appear to be some signs of economic recovery heading into the new year, the latest findings from the Small Business Opinion Poll indicate small business decision-makers will remain cautious as they try to find ways to grow this year," the firm adds. "America's small businesses are the innovators who will drive growth and job creation in the next economic cycle, and measures should be taken to help facilitate their growth."

Some highlights from the poll include:

- 41 percent say it will be more than 10 months before they start hiring again;

- 55 percent are very confident their business will survive through the end of the recession;

- 40 percent say the recession has negatively impacted their business' access to credit;

The poll was conducted among 500 small business decision markers across the United States. Are you back to hiring? How long do you think you will have to wait before you begin the hiring process?

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About the author:
Chris is a content coordinator and staff writer for SmallBusinessNewz and the iEntry Network. Subscribe to SmallBusinessNewz RSS Feeds.

Comments

Still waiting to hire...

I'm not surprised to read that 41% plan on waiting at least 10 months before they start to hire new employees.  Businesses have to be cautious - there is so much at stake, even today with slight improvements in the economy, with hiring.  Small businesses are trying their best to stay alive and hiring may be the last straw on the camel's back.

The recession really is

The recession really is knocking out smaller businesses. It's great that the majority have confidence that they will get through, more needs to be done to incentivise companies to hire adn expand, teh economy will only grow if we get people back to work and improve the markets  

Sad!

Yes,it's a really sad topic and really not so happy to see that the situation is not changing at all.Noone begins to work and create a business not to become a complete failure.Hope for the better future!

Small Business hire

The huge companies that are usually the stalwarts of hiring are on hiring freezes and want to work with their current headcount, or make cuts, to feel financially secure

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