CLEVELAND--(BUSINESS WIRE)--Dec. 7, 2012--
The CBIZ
Small Business Employment Index (SBEI), a barometer for hiring
trends for more than 3,500 companies with 300 or fewer employees,
increased by 0.82 percent during November, following a decrease of 0.89
percent in October.
ADP’s November’s jobs survey revealed that the private sector added
118,000 jobs, exceeding analysts’ estimates in the wake of Hurricane
Sandy, but falling short of October’s revised tally of 157,000 added
jobs.
“Continuing a near zero change, this month’s Small Business Employment
Index further verifies that small businesses are still holding back
hiring, despite some brighter news economically,” says Philip
Noftsinger, business unit president for CBIZ
Payroll Services.
To view and/or use a graphic illustration that tracks and illustrates
the employment index, visit
our blog here.¹
Additional take-away points from the November data set include:
-
At-a-glance: Of the companies surveyed, 26 percent increased
staffing while 20 percent of the companies decreased employee
headcounts. 54 percent of the companies surveyed maintained their
number of employees.
-
Small business sector: With the 2012 presidential election
decided, small businesses should prepare for full implementation of
the Patient
Protection and Affordable Care Act of 2010 (ACA). To read more
about tax-related provisions affecting employers, click
here.
-
What-to-watch: Even a settlement to the current budget
stalemate, would likely mean increases in taxes as well as slower
government spending. This will further delay growth within the small
business sector and beyond.
“The continual struggle in Washington, DC between the House and the
President provides little hope of predictability in terms of the 2013
business environment,” says Noftsinger.
CBIZ Payroll Services manages payroll services for more than 3,500
businesses. Its index reflects a broad array of industries and
geographies corresponding to the markets across the United States where
CBIZ provides human capital services. The data represented by the SBEI
is derived from a segment of employers not completely accounted for by
the ADP and Federal BLS employment reports.
Editor’s notes:
(1) The SBEI illustration is licensed under a Creative Commons
Attribution-NoDerivs 3.0 Unported License. Based on a work at http://blog.cbiz.com.
(2) The United States Department of Labor’s Bureau of Labor
Statistics Employment Situation Summary is due to be released on Friday,
December 7, at 8:30 a.m. ET. Mr. Noftsinger is available for media
interviews to discuss employment trends and other payroll matters
impacting the American business environment.
About CBIZ,
Inc. (NYSE:CBZ)
CBIZ, Inc. provides professional business services that help clients
better manage their finances and employees. CBIZ provides its clients
with financial services including accounting, tax and consulting,
internal audit, merger and acquisition advisory and valuation services.
Employee services include employee benefits consulting, property and
casualty insurance, retirement plan consulting, payroll, life insurance,
HR consulting, and executive recruitment. CBIZ also provides outsourced
technology staffing and support services, healthcare consulting, and
medical practice management. As one of the largest benefits specialists
and one of the largest accounting, valuation, and medical practice
management companies in the United States, the Company’s services are
provided through more than 130 Company offices in 37 states. Visit our
website at www.cbiz.com
and our blog, “Human Capitalizing,” at http://blog.cbiz.com.
Source: CBIZ, Inc.
Gregory
FCA for CBIZ,
Inc.
Jimmy Moock, 610-228-2125
Cell: 610-348-7849
jimmy@gregoryfca.com
