Surveys Vary, But Few Say They Will Add Staff
Several recent surveys of small business owners find that hiring plans for the next twelve months remain tepid. Of the three surveys released in the last month, the most optimistic is from Bank of America, which found that a slim majority (52 percent) of owners expected to hire additional staff, up sharply from the same period last year. However, two other surveys paint a grimmer picture, one more in line with other surveys from the last year. A Wells Fargo/Gallup survey found that just 21 percent of small business owners plan to boost their staff while 10 percent expect to reduce their staff. Further, the Citibank Small Business Owners Report found that 25 percent were expected to do the same. Part of the reason, according to reports from NFIB, is that some businesses are struggling to find potential employees with the skills they need.
Further Reading:
The AP covers the subject, while the various reports are also online: Well Fargo/Gallup, Citibank, and Bank of America.
Related: 5 Hiring Mistakes to Avoid
This news article is intended to keep small business owners apprised of current events that may affect them. It does not necessarily reflect NFIB’s policy position on such issues.
