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Business, Finance, Occupation & Industry

Small Business Employment Continues Tepid Growth

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By Business Wirevia The Motley Fool

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Small Business Employment Continues Tepid Growth

Revenues Drop, Construction Revenues Increase

MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)– U.S. small business employment increased slightly in March, with employees earning more money and working more hours. Small business revenues continued to drop in February, while the construction industry was the sole sector to see an increase.

Those are among the findings of the monthly Intuit Inc. (NAS: INTU) Small Business Employment and Revenue Indexes. The report found that:

  • Employment increased by 0.06 percent in March, adding 10,000 new jobs, for an annualized growth rate of 0.7 percent. About 20 million people are now employed in businesses with 1 to 19 employees.
  • Average monthly compensation grew by 0.4 percent in March on a seasonally adjusted basis, or $12, the same increase reported in February.
  • Average monthly hours worked increased by 0.2 percent, or 18 minutes, compared to the increase of 12 minutes reported in February.

This employment index is based on data from Intuit Online Payroll and QuickBooks Online Payroll, covering the period from Feb. 24 through March 23.

“National employment is growing slowly, and small business employment is growing even more slowly,” said Susan Woodward, the economist who worked with Intuit to create the indexes. “While overall employment has risen 4.5 percent in three years, small business employment has risen only 1.4 percent over the same three years—an annual rise of half a percent per year.”

As small businesses slowly recover, Intuit and LinkedIn are hosting the Hire Smart Small Business Event to help employers make the right decisions when hiring workers. Hire Smart is a free event that will be held at Intuit’s Mountain View, Calif. campus on April 27 and will be streamed live online. The event will offer guest speakers, expert advisors, and free resources to assist new and growing businesses. To register, visit: www.HireSmartNow.com.

Increase in Hours Worked, Compensation

Small business hourly employees worked an average of 108.3 hours in March, up slightly from the revised figure of 108 hours in February, …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Intuit and LinkedIn Team Up to Help Small Businesses 'Hire Smart'

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By Business Wirevia The Motley Fool

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Intuit and LinkedIn Team Up to Help Small Businesses ‘Hire Smart’

Free Event Offers Guest Speakers, Expert Advisors and Product Giveaways to Make Hiring Fun and Easy

MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)– For small businesses, hiring that first employee is like starting a job out of college or expecting a baby – a mix of anticipation and anxiety around the unknown.

To celebrate and support small businesses achieving this milestone, Intuit Inc. (NAS: INTU) and LinkedIn (NYS: LNKD) are hosting a new ‘Hire Smart Small Business Event’ to help small businesses make the right decisions when hiring workers.

Hire Smart is a free event being held at Intuit’s Mountain View, Calif. campus on Saturday, April 27, offering guest speakers, expert advisors and free resources to assist new and growing businesses. The day will feature talks by Intuit president and CEO Brad Smith as well as LinkedIn CEO and Intuit Board Member Jeff Weiner. It will also be packed with star power from author and “Apprentice” winner Bill Rancic as well as award-winning author of “Hire Your First Employee,” USA Today columnist and small business owner Rhonda Abrams.

In addition to the stellar lineup, Intuit and LinkedIn are making it easy for small businesses to get started hiring right away by offering the tools they need at a discounted price. Anyone that registers will receive three months of Intuit Online Payroll for free as well as a LinkedIn ‘First Hire’ package of premium Talent Finder sourcing access and discounted job listings, a total value of more than $400. Products that simplify the business of life and other giveaways will also be part of the celebration.

“Small businesses are integral to our economy, employing more than 19 million people across the country,” said Smith. “We know that hiring that first worker is a defining moment for a small business owner. By opening our doors and providing them with the right tools and know-how, we can help them grow their business and play a part in improving employment across America.”

“Growth in the small business sector creates immense value,” said Weiner. “Finding, engaging and hiring the right talent is key to this growth. As the leading professional network on the Web, we’re excited to help small businesses successfully build their teams by connecting talented professionals with great opportunities.”

…read more
Source: FULL ARTICLE at DailyFinance