SurePayroll Small Business Scorecard®: Small Businesses Start 2015 with Cash at the Ready
Hiring and wages see gains to start the year
GLENVIEW, IL — Jan. 26, 2015 — Small businesses are pushing forward with the momentum they gathered at the end of 2014, starting the New Year with gains in hiring and the average paycheck.
The January 2015 SurePayroll Small Business Scorecard® features data on hiring and wages, as well as survey data with insights from small and microbusiness owners, primarily those with 1-10 employees. SurePayroll Inc. is a leader in providing online payroll to small businesses nationwide since 2000.
Hiring and average paychecks were up nearly 1.0 percent combined month over month. Last January, they were down a combined 0.3 percent.
In more good news, small businesses said they have more cash on hand this year for new opportunities and unforeseen expenses than they did one year ago, and are primed to grow:
- 52% said they have extra cash on hand compared to 45% a year ago.
- 61% said they are growing or planning to grow larger.
- 48% said they plan to hire for new positions in 2015.
- 78% are optimistic about the economy, compared to just 65% in January 2014.
“We’re seeing a lot of positive indicators right now. Having cash available is one of the most important things to a small business owner, so to see they have more now than they did a year ago is a big deal,” said SurePayroll General Manager Andy Roe. “For most of last year, small business owners were telling us they were becoming more and more profitable. We’re seeing the fruits of that now.”
An infographic with all the data from the SureParyoll Scorecard, including more on the small business economy, is available on the SurePayroll Blog.
As the first economic indicator created by a payroll company, the SurePayroll Scorecard has provided a monthly look at national hiring and paycheck trends since October 2004. SurePayroll's Scorecard compiles data from small businesses nationwide, and exclusively reflects the trends affecting the nation's "microbusinesses" — those with 1-10 employees. The average business reflected has six employees.
SurePayroll is the trusted provider of easy online payroll services to small businesses nationwide. Whether a business has 1, 10, or 100 employees, SurePayroll delivers peace of mind by combining innovative, industry-leading technology and personalized support from an award-winning, U.S.-based customer care team. SurePayroll also provides private-label and co-branded services for accountants and banking partners as well as offering efficient online solutions for managing 401(k) plans, health insurance, workers' compensation, employee screening and more. SurePayroll is a wholly owned subsidiary of Paychex. For more information, please visit www.SurePayroll.com. Follow us on Twitter
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. About Paychex
Paychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital management solutions for payroll, HR, retirement, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by more than 40 years of industry expertise, Paychex serves approximately 590,000 payroll clients across 100 locations and pays one out of every 15 American private sector employees. Learn more about Paychex by visiting www.paychex.com
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