|[February 28, 2013]
SurePayroll Small Business Scorecard® Shows Uncertainty Among Small Business Owners
GLENVIEW, lll. --(Business Wire)--
Inc., a leader in providing online payroll to small businesses
nationwide, today announced results for the February 2013 SurePayroll
Small Business Scorecard® showing month-over-month hiring was
down 0.1 percent and the average paycheck was up 0.1 percent. The
average paycheck has increased for four consecutive months.
Small-business owners' optimism sits at 59 percent, only two points
higher than last month.
"We continue to see low optimism numbers due to a new wave of
uncertainty for small-business owners," said SurePayroll CEO and
President Michael Alter. "We thought we were moving past the uncertainty
when we got through the fiscal cliff situation; however we're getting
hit with another wave. Economic conditions in Europe are shaky due to
what's happening in Italy and the downgrade of British debt, while here
at home no one can agree on what, if any, fallout there will be from the
sequester. Given this new tidal wave of uncertainty rushing in, I can't
blame small-business owners for playing it close to the vest."
The Scorecard optimism survey also asked small business owners about the
proposal to raise the minimum wage to $9.00 per hour. Most (79 percent)
said such an increase would not impact their plans to hire and 58
percent support the increase. However, 71 percent said it should be set
by the states and 77 percent said they already pay their employees more
than the minimum wage.
Month-over-month SurePayroll Scorecard data showed hiring was down 0.1
percent and the average paycheck was up 0.1 percent. Hiring was down
month over month in every region of the country except for the South,
where it was up 0.1 percent. Paychecks were up month over month across
the country, including 0.4 percent in the Midwest; 0.1 percent in the
Northeast; 0.1 percent in the South; and flat oly in the West.
Year over year, nationwide hiring is down 1.4 percent and paychecks have
moved back up to flat. Year over year, the South is the only region
where hiring is up at 1.7 percent and paychecks there are down 0.2
percent. The West shows a hiring decline of 4.4 percent, with paychecks
flat. Hiring in the Midwest is down 2.1 percent and paychecks are
positive, up 3.3 percent. In the Northeast, hiring is down 2.4 percent
and paychecks are down 2.6 percent.
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 September 2004. SurePayroll's Scorecard compiles
data from more than 40,000 small businesses, and exclusively reflects
the trends affecting the nation's "micro businesses" - those with an
average of eight employees.
The full SurePayroll Small Business Scorecard infographic includes data
for the top 35 MSAs. The February
2013 Scorecard is available now on the SurePayroll blog.
SurePayroll is a wholly owned subsidiary of Paychex, providing an easy,
online, convenient payroll service that keeps our more than 40,000 small
business customers in control. SurePayroll also offers efficient online
solutions for managing 401(k) plans, health insurance, workers'
compensation, employee screening and more. For accountants and banking
partners, SurePayroll provides private-label and co-branded services
that enable them to offer online
payroll processing to their small business clients. The company has
received numerous prestigious awards for its innovative technology, and
outstanding customer service and sales teams, including recognition from
PC Magazine, Accounting Today, the American Business Awards and many
others. For more information, please visit www.SurePayroll.com.
Paychex, Inc. (NASDAQ:PAYX) is a leading provider of payroll, human
resource, and benefits outsourcing solutions for small- to medium-sized
businesses. The company offers comprehensive payroll services, including
payroll processing, payroll tax administration, and employee pay
services, including direct deposit, check signing, and Readychex®. Human
resource services include 401(k) plan recordkeeping, section 125 plans,
a professional employer organization, time and attendance solutions, and
other administrative services for business. A variety of business
insurance products, including group health and workers' compensation,
are made available through Paychex Insurance Agency, Inc. Paychex was
founded in 1971. With headquarters in Rochester, New York, the company
has more than 100 offices serving approximately 567,000 payroll clients
as of May 31, 2012. For more information about Paychex and our products,
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