Tag Archive for 'Hiring'

RESULTS: What are your hiring plans for the year?

The Question:

Employment in the U.S. is still down. What are your hiring plans for this year?

16% - We will definitely be hiring this year.
5% - We’re probably going to be hiring this year.
61% - We only hire as business opportunity dictates.
18% - We will not be hiring this year.
Jim’s Comments:
There was a time when businesses hired in anticipation of opportunity, to make sure there was no delay in serving customers. But as you can see from our response this week, of the almost 80% who have no current plans to hire this year, three-fourths of them are waiting on opportunity to dictate their next step.

Employment growth has historically been one of the indicators of economic optimism. So when barely one-in-five of our respondents are making plans to hire, we have to be honest and admit that doesn’t bode well for the economy in 2015. However, as mentioned above, if good news could start taking over the headlines, those who plan to hire and those who would hire could turn the tide and result in over 80% of small businesses putting more new employees to work.

I’m working on more about this for an upcoming Feature Article, so stay tuned.  Thanks for participating.

SBA Poll: Are you hiring?

The Question:
Small business hiring is one of the most important indicators of economic recovery. How does this look for you?

16% - We’re doing our part - we’re hiring now.

9% - We want to hire, but can’t find qualified people.

50% - We’re not hiring because we’re not growing.

25% - We’re not hiring because we’re afraid of Obamacare.

My Comments:
As of this month, the Great Recession has been over for four years. The success of the U.S. economy is more dependent upon small business owners more than ever before. And yet, our poll shows that 84% of small businesses are still reporting they either can’t or won’t hire now. What could cause the business energy of these pathological optimists to be so repressed?

Only one thing could produce that much negative energy: anti-business policies from the political class in Washington. I’m going to have more to say about this in an upcoming Feature Article. Stay tuned and thanks for participating.

Check out more of Jim’s great content HERE!

Take this week’s poll HERE!

Watch Jim’s videos HERE!

SBA Poll: Why is unemployment so stubborn?

The Question:
Which of these most closely describes your current employment picture?

3% - We’re hiring and having no problem finding qualified candidates.

24% - We need to add employees, but cannot find qualified candidates.

30% - We’re using technology as much as possible to limit payroll.

43% - We’re not hiring because we’re not growing.

My Comments:
The current unemployment rate is the same as it was when President Obama took office in 2009, 7.8%. But that’s what’s called the U-3 rate, which does not include those who are underemployed, have given up looking for work or those who have converted permanently to welfare or disability. But, based on the U-6 rate, which includes the groups just mentioned, the real unemployment condition in the U.S. is much worse today at 14.4%, or over 20 million Americans.

One of the reasons for a stubborn, if not worsening unemployment condition can be found in the responses from small business owners to the question we asked on our website last week: “Which of these most closely describes your current employment picture?” Here’s what we learned:

Only 3% of our respondents said, “We’re hiring and having no problem finding qualified candidates.” Unfortunately, from here on it gets worse. Almost one-fourth of our folks reported “We need to add employees, but cannot find qualified candidates,” a few more, 30%, told us, “We’re using technology as much as possible to limit payroll,” and the rest, the big number, 43%, allowed “We’re not hiring because we’re not growing.”

Allow me to put these poll responses in an economic recovery perspective: The sector that produces over half of the U.S. gross domestic product and signs over 70 million paychecks every week (over half of all private employees), are reporting at a combined rate of 93% that, for one reason or another, they are not hiring new employees.

If you happen to be talking to the President, and if he happens to lament high unemployment and the lackluster economic recovery, show him this survey and suggest that he spend a little more time talking to folks on Main Street.

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This week on The Small Business Advocate Show I talked more about this poll and some of the other reasons why unemployment is remaining so high. Click here to download or listen.

Check out more of Jim’s great content HERE!

Take this week’s poll HERE!

Watch Jim’s videos HERE!

Small Business Advocate Poll: What is your experience in finding qualified applicants for job openings?

The Question:
What is your experience in finding qualified applicants
for your job openings?

38% - We have job openings but it’s difficult finding qualified applicants

32% - We are able to find qualified employees when we have an opening.

29% - We are not hiring and don’t expect to this year.

My Comments:
Over the past several decades, the challenge most often identified by small business owners as their greatest has varied between inflation, taxes and the cost of health care insurance. But for the past few years, another concern has risen to the top of the list: finding qualified employee candidates.

Consequently, in last week’s poll we asked, “What is your experience in finding qualified applicants for your job openings?

The greatest number, almost four of ten, said, “We have job openings but it’s difficult finding qualified applicants.” one-third of our respondents reported, “We are able to find qualified employees when we have an opening,” while a little less than one-third said, “We are not hiring and don’t expect to this year.”

The American economy - and society - has serious problems when only 40% of small businesses are growing employment, but even those can’t find qualified applicants among 22 million unemployed.

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On The Small Business Advocate Show, I’ve talked with Bob Prosen, President/CEO of the Prosen Center for Business Advancement and author of Kiss Theory Good Bye about improving your hiring practices to find employees for 21st century jobs. Take a few minutes to click on one of the links below to listen or download our conversations.

Improving your 21st century hiring practices

Hire new employees who have done their homework

Hire salespeople who understand customer relationships

Check out more great SBA content HERE!

Take this week’s poll HERE!

Future Employee Planning

The Question: What is the likelihood that you will hire at least one person this year?

50% - We will definitely be hiring this year.

22% - If the economy improves we will have to hire.

28% - We will not be adding any employees this year.

Jim’s comment:
America needs new jobs. We wanted to check on the hiring attitude of our small business audience, so we asked this question: “What is the likelihood that you will hire at least one person this year?” The news was encouraging.

Fully half of our respondents said, “We will definitely be hiring this year.” America needs more CEOs drinking this Kool-Aid.

A little over one in five of our sample said, “If the economy improves we will have to hire.” Perhaps the employment leadership of the first group will encourage these folks in the middle to find hiring confidence.

The last group, representing a little more than a quarter of our sample, said, “We will not be adding any employees this year.”

Considering where unemployment is, plus all the other headwinds pushing back on economic recovery, I am encouraged by the response this week. You go, small business owners. America - and the world - really needs you right now.

To participate in this weeks poll on mobile phones, click here.




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