Small business owners get creative during tough 2012
GLENVIEW, Ill. -- (Business Wire)
Inc., a leader in providing online payroll to small businesses
nationwide, today announced December results for its monthly SurePayroll
Small Business Scorecard® showing month-over-month hiring
was down 0.1 percent and the average paycheck was up ever so slightly
0.1 percent. Small business owners' optimism sits at 55 percent, down
five points from last month.
“Small businesses had been asked to play a game where they didn’t know
the rules in 2012,” said SurePayroll CEO and President Michael Alter,
referring to uncertainty over government action. “That being the case,
they’d rather just not play. That’s likely why we’ve seen a drag on
hiring throughout the year. On the bright side, they’ve been innovative
and creative. Our customers tell us they’ve been using new services to
outsource nonessential work and technology to increase productivity, as
well as focusing on their most profitable customers.”
Month-over-month SurePayroll Scorecard data showed hiring down 0.1
percent and the average paycheck was up slightly at 0.1 percent. Hiring
was down month over month in every region of the country except for the
South, where it was up 0.3 percent. Paychecks were up month over month
in the Midwest (0.2 percent) and West (0.2 percent), and down or flat
across the rest of the country.
Year over year, nationwide hiring is down only 1.3 percent and paychecks
are down 1.0 percent. Year over year, the South is the only region where
hiring was up at 1.7 percent and paychecks there were down 0.5 percent.
The West shows a hiring decline at 4.8 percent, with paychecks down 0.4
percent. Hiring in the Midwest is down 1.9 percent and paychecks are
positive, up 1.8 percent. In the Northeast, hiring is down 1.9 percent
and paychecks are down 4.4 percent.
As the first economic indicator created by a payroll company, the
SurePayroll Scorecard has provided a monthly look at national hiring and
paycheck trends since September 2004. SurePayroll's Scorecard compiles
data from more than 40,000 small businesses, and exclusively reflects
the trends affecting the nation's "micro businesses" — those with an
average of eight employees.
The full SurePayroll Small Business Scorecard infographic, which
includes data for the top 35 MSAs, will be available soon at www.SurePayroll.com/scorecard.
SurePayroll is a wholly owned subsidiary of Paychex, providing an easy,
online, convenient payroll service that keeps our more than 40,000 small
business customers in control. SurePayroll also offers efficient online
solutions for managing 401(k) plans, health insurance, workers’
compensation, employee screening and more. For accountants and banking
partners, SurePayroll provides private-label and co-branded services
that enable them to offer online
payroll processing to their small business clients. The company has
received numerous prestigious awards for its innovative technology, and
outstanding customer service and sales teams, including recognition from
PC Magazine, Accounting Today, the American Business Awards and many
others. For more information, please visit www.SurePayroll.com.
Paychex, Inc. (NASDAQ:PAYX) is a leading provider of payroll, human
resource, and benefits outsourcing solutions for small- to medium-sized
businesses. The company offers comprehensive payroll services, including
payroll processing, payroll tax administration, and employee pay
services, including direct deposit, check signing, and Readychex®. Human
resource services include 401(k) plan recordkeeping, section 125 plans,
a professional employer organization, time and attendance solutions, and
other administrative services for business. A variety of business
insurance products, including group health and workers' compensation,
are made available through Paychex Insurance Agency, Inc. Paychex was
founded in 1971. With headquarters in Rochester, New York, the company
has more than 100 offices serving approximately 567,000 payroll clients
as of May 31, 2012. For more information about Paychex and our products,
Jennifer Signorini, 617-624-3217
Lori Bolas, 224-223-2334
Source: SurePayroll Inc.
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