Monday, February 27, 2012

Survey Says

What's going on in the minds of small business owners? Things are looking up.

Confidence in January remained basically unchanged from December, though the index is currently at its highest level since one year ago, after dropping throughout most of 2011.

And a Gallup survey about hiring intentions is at its highest level in four years. Gallup and Wells Fargo asked 600 small business owners to assess conditions within their companies as well as their outlook.

Here are some key findings:

By 22% to 8%, more U.S. small-business owners expect to increase than decrease the total number of jobs at their company over the next 12 months.

Small-business owners are more optimistic about hiring now than at any time in the past four years.

When asked what type of workers they would hire if they were able to hire and had hiring needs, 26% of small-business owners said they would hire full-time employees, while 72% said they would prefer to add temporary or contract workers (36%) or part-time workers (36%).

Just over half of small-business owners report it is very (21%) or somewhat difficult (32%) to find the qualified employees they need for their businesses.

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