This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Small Business Hiring Patterns And Business Activity Remain Steady, According To Insperity Survey

Small business owners continue to hire and maintain employees at rates similar to last quarter and are continuing their recent pace of business activity, according to the most recent Business Confidence Survey released today by Insperity, Inc. (NYSE: NSP), a leading provider of human resources and business performance solutions for America’s best businesses. More than 40 percent of respondents say they are adding employees, the same as in our April survey; 56 percent are maintaining current staffing levels versus 55 percent in April; and 4 percent are laying off employees, slightly below last quarter’s 5 percent.

Insperity also announced compensation metrics from its base of 5,500 small and medium-sized Workforce Optimization TM clients. Compared to the 2012 second quarter data, average compensation is up 2.8 percent and bonuses are down 1.2 percent. Average commissions received by worksite employees reflected an increase of 6.2 percent versus a 5.2 percent increase in the second quarter of 2012. Overtime pay is still low at 9.5 percent of regular pay, below the 10 percent level that generally indicates a need for additional employees, but up slightly from 9.3 percent in the second quarter of 2012.

In the survey, 72 percent of respondents said they are either meeting or exceeding their 2013 performance plans, down slightly from 74 percent in the last survey; meanwhile, 28 percent report that they are doing worse than expected, unchanged from the response in April. Concerning the timing of an economic rebound, 34 percent think one is currently in process versus 28 percent in April; 27 percent expect a rebound in the fourth quarter or later; and 38 percent said they are unsure, falling below the 40 percent mark for the first time in over a year.

“While many business owners continue to add workers and anticipate sales increases through year-end, the economic uncertainty of the last few years is becoming a regular part of forming and executing business plans,” said Paul J. Sarvadi, Insperity chairman and chief executive officer. “In facing this challenge, entrepreneurs are combining economic flexibility with strategic activity to meet current marketplace demands.”

The overall economy still leads the list of short-term concerns of business owners, but at 50 percent compared to 62 percent in April and 72 percent last October. Rising health care costs were second on the list at 49 percent, and government health care reform fell to third at 43 percent from 51 percent last April, followed by hiring the right people, at 39 percent.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,086.63 -26.91 -0.16%
S&P 500 1,987.01 +3.48 0.18%
NASDAQ 4,473.6970 +17.6810 0.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs