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Small Businesses Start To Hire

Written by Ken Gaebler
Published: 11/5/2010

CBIZ Small Business Employment Index reveals an uptick in hiring

According to the one of the latest small business employment barometers, entrepreneurs are adding jobs as many try to handle newly acquired clients.

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The October CBIZ Small Business Employment Index revealed that small business owners increased their staffs by .73 percent after posting negative employment figures in months the past four months. While the figures were seen as positive news for small business by many, the head of CBIZ said that it was too early to determine if the economy was on its way to a full recovery.

"Job growth is still too modest to offer real, clear visibility for us to project future increases in hiring," said Philip Noftsinger, business unit president for CBIZ Payroll Services. "Nonetheless it is a small sign of hope with the economy. It remains to be seen how the election's results will impact small business owners' confidence in adding to payroll in the future."

Other recent news for small businesses showed that more than a quarter of entrepreneurs planned on hiring in the next sixth months. The Office Depot Small Business index revealed that 26 percent of small business owners planned to hire over the next half-year, seven points higher than in September.

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