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Salary Surge

How does your company fit into the current SMB hiring and salary trends?

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This story appears in the June 2006 issue of Entrepreneur. Subscribe »

Entrepreneurs kept hiring fewer people and paying existing employees more during the first quarter of 2006. The SurePayroll Small Business Scorecard, compiled by Skokie, Illinois, payroll service SurePayroll Inc., showed that the dual trends maintained the directions they have taken since midway through last year.

A strong, 2.7 percent nationwide salary increase for the quarter suggests to SurePayroll president Michael Alter that a talent war is underway among entrepreneurs. "People are trying to find the best employees or trying to trade up, and it's getting harder and harder," Alter says.

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