GLENVIEW, IL--(Marketwired - July 11, 2016) - Small business owners are not heavily focused on such hot button political issues as minimum wage increases, health care reform and immigration, according to the June 2016 SurePayroll Small Business Scorecard®.
When asked to name their biggest challenges in 2016:
- 22% said slow economic growth nationwide.
- 18% said struggles in the local economy.
- 17% said there are not enough qualified candidates to hire.
- 16% said they do not have extra cash flow for hiring and/or expansion/investment.
- 10% said health care reform.
- 6% said minimum wage increases.
- Less than 1% said immigration.
"The issues that might get a lot of attention politically are not necessarily the main focus for a small business owner trying to support his or her family," said SurePayroll General Manager Andy Roe. "At the end of the day, they need to hire good people and generate cash. Entrepreneurs are telling us some of these more controversial issues just aren't as relevant to their businesses."
Meanwhile, after the first half of 2016:
- 62% are reporting a profit.
- 87% expect to be profitable in the second half of 2016.
- 47% are on pace to beat revenues from the prior year.
"These numbers are strong, but essentially flat from a year ago," said Roe. "You'd like to see more growth, but expectations are fairly high, so we'll see how the rest of 2016 plays out."
An infographic with the full results of the Scorecard survey is available on the SurePayroll Facebook page.
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.
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.