Inc., a leader in providing online payroll to small businesses
nationwide, today announced November results for its monthly SurePayroll
Small Business Scorecard® showing month-over-month hiring
was down 0.1 percent and the average paycheck was flat. Small-business
owners' optimism sits at 60 percent, down 8 points from last month.
The Scorecard survey asked small-business owners across the country if,
with the election settled, they felt more certain about the government's
ability to avoid the fiscal cliff, and 61 percent said, "No."
"The sense I think many small-business owners have right now is that the
government is either stalled or making only short-term decisions, rather
than providing direction and leadership for the future," said
SurePayroll CEO and President Michael Alter. "As business owners, they
understand that sometimes you have to think short term, but not at the
cost of a long-term solution. Until they see a more forward-thinking
plan, they may continue to exercise caution."
Month-over-month SurePayroll Scorecard data showed hiring was down 0.1
percent and the average paycheck was flat. 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 in the
Midwest (0.3 percent) and South (0.1 percent), and down across the rest
of the country.
Year over year, nationwide hiring is down only 1.4 percent and paychecks
are down 1.3 percent. The South continues to show promising signs with
hiring up 1.4 percent and paychecks down 0.7 percent. The West has had
the steepest hiring decline at -4.9 percent, with paychecks down 0.8
percent. Hiring in the Midwest is down 2.1 percent and paychecks are up
1.3 percent. In the Northeast, hiring is down 1.7 percent and paychecks
are down 4.8 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 8 employees.
The full SurePayroll Small Business Scorecard infographic, which
includes data for the top 35 MSAs, will be available later today at www.SurePayroll.com/scorecard.
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.
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,
Jennifer Signorini, 617-624-3217
Lori Bolas, 847-676-8420 x7248