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Small Biz Hiring Binge


Small businesses appear to be planning a hiring binge in the coming months, according to the OPEN Small Business Network 2004 Semi-Annual Monitor from American Express.

Nearly half (46 percent) of small businesses surveyed report plans to hire more staff during the next six months, up from 35 percent a year ago. Among those businesses planning to hire, 33 percent said they are currently recruiting for an open position.

The survey also found that businesses were more likely planning to hire part-time employees (19 percent) than full-timers (11 percent). Fifteen percent of the survey participants indicated that they were planning to hire full- and part-time staff.

What’s driving the anticipated hiring binge? Growth ranked as the top reason, with 81 percent of survey respondents saying that they need additional staff to handle growing pains. In addition, four out of ten said they needed to hire seasonal help for the summer.

“Last fall, we began to see a mindset shift among business owners from survival to growth,” says Kerry Hatch, president and general manager of OPEN: The Small Business Network from American Express. “The sharp jump in optimism and hiring plans this spring points to an even sharper focus on growth.”

 

What You Can Do


If your small business will need extra hands in the coming months, start recruiting now. Don't wait until competition for talent heats up. Here's what you can do to find top-notch employees:

  • Write a job description for each position. This simple first step will help you focus on the type of employee you really need. It will also help you develop interview questions that will separate great job candidates from the mediocre.

  • Get employee referrals. To find new workers, ask your best employees for referrals. Your current employees know the culture of your company as well as the skills needed to do the job. They might have friends who are a perfect fit.

  • Tap temporary agencies. They’re a great source not only for temp and seasonal workers, but also for employees with specialized training. Here are three agencies you can investigate online:

  • Consider seniors. If you need part-time help, older workers can fill the opening. They’re experienced, reliable and ready to work. Check out www.seniors4hire.org, a national online job board for employers and older workers. Or contact a local senior citizen center.

  • First employee? Maybe you’ve been flying solo and are ready to hire your first employee. If so, you’ve got a lot to learn, from how to legally write a help-wanted ad and a job description to how to maintain a personnel file. Get help with the free online Success Skills Seminar “Do You Really Want to Be The Boss?” at entrepreneurialconnection.com.

     

Posted 5/29/2004

 
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