Gallup: Small Business Hiring and Spend Intentions HighElance_Keith | Feb 28, 2012
The results of two recent polls conducted by the Wells Fargo/Gallup Small Business Index earlier this year show that small businesses feel more strongly about their growth prospects now than they have in years, and plan to increase both the number of jobs hired and the amount spent on capital over the next 12 months.
According to Gallup poll results published earlier this month, more U.S. small business owners expect to increase rather than decrease the total number of jobs at their company over the next 12 months. The 14-percentage-point advantage for expected job growth is the largest since the +15 of January 2008, suggesting small business owners are more optimistic about hiring now than at any time in the past four years.
Additionally, the proportion of U.S. small-business owners who plan to increase their company's capital spending over the next 12 months is the highest in four years (28%), according to another recent Wells Fargo/Gallup Small Business Index poll. The positive gap of five points between the percentage of small businesses expecting to increase and the percentage expecting to decrease their capital spending allocations is also the highest since January 2008, Gallup says.
Clients, are your intentions in line with what your peers have incidicated? Contractors, have you seen signs that small businesses are hiring more? What tips would you offer the ones who are looking to hire new talent? Let us know on our official Facebook page!