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Survey: Optimism is up among small businesses

Rochester Business Journal
January 3, 2014

Optimism is up among small businesses compared with last year, a survey tracking hiring and paycheck data found.

The results came through the SurePayroll Small Business Scorecard, which tracks data for tens of thousands of micro businesses with one to 10 employees. SurePayroll is a provider of online payroll services and a wholly owned subsidiary of Paychex Inc.

The results of the December 2013 SurePayroll Small Business Scorecard found 70 percent of small-business owners feel optimistic about the future, up from 55 percent in December 2012.

"We saw a year of recovery in 2013. Seeing that optimism is higher going into 2014 gives us reason to believe small-business owners are confident about the future, which typically results in increased hiring and growth," said Michael Atler, SurePayroll president and CEO. "Another sign of a stronger 2014 is the fourth-quarter decline we've seen in 1099s."

The scorecard showed that the number of 1099s or independent contractors hired by small businesses slid in the fourth quarter.

"The slowdown in the use of independent contractors suggests small-business owners may look to invest more in full-time hires in the year ahead," Alter said. "More full-time hires means more stability and more dollars available to spend on Main Street, hopefully propelling our economy forward."

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.


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