Small Businesses Plan on Hiring in H2, Report Finds
Online job market site CareerBuilder releases the results of a survey of U.S. small businesses, which found nearly one-third of small businesses are planning to hire employees in the second half of 2010.The latest survey from online human capital management company CareerBuilder found that small businesses plan to be hiring in the second half of 2010. Thirty-two percent of companies with 500 or fewer employees plan to add new employees in the months of July through December, the survey found, while 21 percent will hire full-time, 11 percent will hire part-time, and six percent will hire contractors or temporary workers. The online survey, conducted by Harris Interactive, was completed in June 2010 and included more than 1,300 employers in businesses with 500 or fewer employees and more than 4,400 workers. The survey found 24 percent of companies with 50 or fewer employees plan to hire in the second half of 2010. In addition to new jobs being added, new small businesses may be emerging to serve as a primary or secondary source of income, the report noted. Of workers who have started a small business in the last year, 96 percent reported that they run a small business in addition to another job. More than one-quarter (26 percent) of workers who were laid off in the last six months and have not found jobs said they are considering starting their own business instead of finding a new job.
According to the U.S. Small Business Administration, small businesses employ just over half of all private sector employees and account for more than half of nonfarm private gross domestic product. They have also generated 64 percent of net new jobs over the past 15 years.