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SurePayroll Small Business Scorecard®: Optimism Hits New High, Pay Increases

80% of small business owners optimistic about the economy


GLENVIEW, IL — Mar. 23, 2015 — Optimism among small business owners hit a one-year high in March, according to the March 2015 SurePayroll Small Business Scorecard. Four out of five (81%) say they are optimistic about the small business economy, with 89% saying business is the same or better than last year.

The Scorecard features 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.

Optimism levels have been generally high in 2015, however this is the first time they’ve reached 80%, something that did not happen throughout all of 2014. A year ago, optimism among small business owners was only 68%. In addition, the average paycheck increased 0.1% in March, gaining 0.7% for the year to date. Hiring is also slightly higher year to date, up 0.1%, despite a slight drop in March.

Expectations for 2015 have also been raised slightly because of stability in the economy and continued hiring nationwide, survey respondents said. Meanwhile, concerns about health care costs have lessened significantly, with only 41% saying it has lowered expectations for their business’s growth versus 56% a year ago. Small business owners also expressed less concern about minimum wage hikes and possible changes to overtime laws.

“The things that may have worried small business owners last year seem to be worrying them less this year, and the positives seem more promising,” said SurePayroll General Manager Andy Roe. “We can’t predict what pitfalls may lie ahead the rest of the year, but for optimism to be this high, and hiring and pay to be up, that’s an encouraging first quarter.”
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.
 


About SurePayroll

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— Circle us on Google+ — Connect with us on LinkedIn — Like us on Facebook.

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 and stay connected on Twitter and LinkedIn.