Contradictory Messages About Business Confidence
This week Administaff, a PEO company based in my hometown of Kingwood, released a survey stating that 78 percent of the clients surveyed, small business owners and managers, said that their business was meeting or exceeding their growth expectations.
Forty-four percent of respondents stated that they were hiring full-time employees and 11 percent part time.
In an additional report with a compilation of their customer data, they stated that employee compensation was up 4.9 percent from last year.
I have to wonder if this survey is truly representative of the current plight of small business in today’s economy. The businesses surveyed were just those using Administaff’s services.
At the Career Waymark, all of the recent job search related entries by author Scott Williamson have indicated the complete opposite. His forecast is to expect layoffs, rescinded job offers, and further fallout in the job market from the housing crisis.
Although today on Kiplinger.com, Richard Sammon put a positive spin on the weak dollar by pointing out that it made U.S. exports more attractive abroad. Even in service industries such as advertising, architectural services, and public relations.
So what do you think? Are the doom and gloom forecasts true, exaggerated, or somewhere in the middle?
May 16th, 2008 at 11:02 pm
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Business Marketings last blog post..Job Interviews and Offers continue…
May 16th, 2008 at 11:11 pm
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May 22nd, 2008 at 2:24 pm
We have been looking further a field for architectural antiques for our business and have been checking out US exporters alot more due to the the low $. It’s like 1/2 price
I’d forget about the doom and gloom an innovate create more useful products and services and make the us export more than just movies and dreams
May 22nd, 2008 at 2:37 pm
Yes, Americans are good at dreams aren’t we?
September 5th, 2008 at 9:21 am
I’d be interested to see how this stacks up given the current economy, I would assume that the small businesses are no longer seeing a large profit margin given the down turn.