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Will Small Business Hire More in 2012?

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  • Description

    Sageworks CEO Brian Hamilton on the outlook for hiring in the year ahead.

  • Duration 3:48
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We'll smaller privately held companies do create about 80% of new jobs in this country.

We welcome back Brian Hamilton CEO of stage works this is a firm that collects and analyzes data from more than 1000 of these private companies.

-- so what are you hearing from these small business owners they're hiring plans for the new year.

-- revenues up.

We don't know what they're gonna do the looking forward to but revenue profits and margins are up so it's all good good tidings for the season.

-- that's actually encouraging news that only 15% right by reading your data correctly are actually planning to expand their -- so in light of what factors are they.

Zeroing in on the giving us confidence.

Our publicity neat that it right with what's -- it that compared to last year though last year 25% of people work.

They can by hiring people 25% wanted to get rid of people -- fifty so we're in the middle of big waves right.

This year it's like a trade balance above fifteen or 16% -- thinking about hiring people and only a small percentage are gonna let people go so it's slightly favorable.

I suppose it's how you slice the numbers it is yeah what do you think when you look at Washington in this ongoing Hogan -- specifically about whether or not or how long to extend this payroll tax.

Extension mean that her past you just add to -- and -- It's a big mess there's no question about those guys have got to get their act together even if they do something bad.

Remember it's okay if we know what it's going to be put the gridlock.

Is not good for businesses because they can't plan.

-- is that really -- or -- just talking point consistent easy excuse not as owners to say a while now we don't know where health care policy is going to look like we don't know what this payroll tax is going to look like -- Isolate all the variables revenues up rate things are getting better they're not great but they're pretty good.

So the one variable is what's gonna happen with taxes.

What do these guys -- who do down there that's gonna mess us up remember they do forecasts -- they have to do little plan so what is important there's no question about it.

Let's talk about worker eat -- sure you've been covering for many months now.

On the business network here this worker productivity number that's near record levels and has hit records it's come down a little bit but stage works gave us some fantastic.

-- I didn't daisy rock outfit per employee are -- to something like 121500.

Dollar from 121500.

To.

151000 dollars that's a huge -- -- we're -- -- over the last ten years from 101000 to 151000.

So.

Companies are more efficient now remember that's a little misleading because of sales are going down.

And -- that number's gonna go up you can say profits going opposite profit efficiencies going.

But it's still good it's due to technology improvements in that kind of stuff I also think people again -- you know that in -- working harder.

But efficiencies going up so that's good.

OK so do you expect then the sales component of this to improve you're saying things are showing they're telling me mild improvement so do you think that we'll see that.

For profit figure kind of come down a little bit which might actually be good for job creation.

Yeah maybe it's a great point we have to look back over 230 years of economic history right for every four years of expansion we have one year of decline.

So once things start to go up he takes a lot to reverse that engine.

So we're fairly bullish on next year for privately held companies we think things will be pretty good can you break it down industrywide for me well it's -- question.

We know that there are certain not recession proof industries but.

Technology services health care have been up right through the debacle no you don't no question about that real estate has been -- real -- coming back.

But right now what's really interesting where the consumers of stuff in America you know that we're buying electronics.

We're borrowing are close -- retails back up so those major sectors are swinging back up slightly and that bodes well.

OK well very optimistic outlook for -- appreciate it.

Good -- -- yeah exactly right thank you so much for coming on sharing your findings for a some stage where excellence McCain had the -- --

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