With the economy improving after the end of the Great Recession, businesses have become more likely to spend money. One method that companies are growing are by hiring more employees.
National Growth
According to a recent Paychex Small Business Growth Index study, small business jobs have grown by .36 % since the beginning of the year. This is the best quarterly growth rate in the last two (2) years. In addition, Washington State and the Seattle metro area are the fastest growing state and region for small business expansion, respectively. In addition, the central portion of the nation has seen a drop in growth while the Northeastern and Rocky Mountain regions have seen the greatest expansion of new jobs.
In addition to Washington State, Florida and Tennessee have seen the biggest job increases. Among metropolitan areas, Dallas and the Tampa Bay, Florida regions follow Seattle among growth among small businesses.
Among various industries, education and health employment saw the greatest jump from the start of the survey. At the same time, construction continues to be one of the areas where hiring is greatest. However, in this particular survey, there was a drop in construction and manufacturing hiring.
Analysis
There are several ways to look at job growth. To begin with, an overall growth of jobs can indicate that the economy is improving. At the same time, a larger number of jobs indicates that employers are willing to spend money in hiring and training new employees.
Conclusion
If a business is unsure if they should hire more employees, the company may want to speak with a business attorney. The lawyer can evaluate the organization and determine what the needs of the business are. At the same time, an attorney can explain what the pros and cons are of hiring more workers and how this could potentially impact the business. Lastly, a lawyer can offer insight about what the best avenue may be for recruiting new workers, whether it may be an internet job board or posting with a staffing service.
r.w.