For Subscribers

The Big Payoff

The trend in SMB hiring is pointing to long-term quality over short-term quantity.

By Mark Henricks

Opinions expressed by Entrepreneur contributors are their own.

Small businesses hired fewer people but paid them more at theend of 2005, reversing a trend in the SurePayroll HiringIndex that lasted more than a year. "We've seen ashift in the data," says Michael Alter, president of Skokie,Illinois-based payroll service SurePayroll. "There have beenthree down months of hiring, and [for] five of the last six months,salaries have been rising."

In November, the nationwide hiring index reflected a downtrendthat began in September and negated most of the gains brought aboutby the slow expansion of small-business hiring during the firstpart of the year. Indications were the year would end with a meager0.3 percent increase in the number of people on small-businesspayrolls, based on a count of paychecks issued to SurePayroll's15,000 small-business customers.

Continue reading this article — and all of our other premium content with Entrepreneur+

For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:

  • Digestible insight on how to be a better entrepreneur and leader
  • Lessons for starting and growing a business from our expert network of CEOs and founders
  • Meaningful content to help you make sharper decisions
  • Business and life hacks to help you stay ahead of the curve

Related Topics

Editor's Pick

Everyone Wants to Get Close to Their Favorite Artist. Here's the Technology Making It a Reality — But Better.
The Highest-Paid, Highest-Profile People in Every Field Know This Communication Strategy
After Early Rejection From Publishers, This Author Self-Published Her Book and Sold More Than 500,000 Copies. Here's How She Did It.
Having Trouble Speaking Up in Meetings? Try This Strategy.
He Names Brands for Amazon, Meta and Forever 21, and Says This Is the Big Blank Space in the Naming Game
Green Entrepreneur

A Massive Hole In the Sun May Cause Dazzling Light Show Here On Earth

NASA says the coronal hole could blast the Earth with solar winds as early as Friday. What does this mean?

Business News

Gen Z Loves the Toyota Camry. Here's What Car Brands Boomers Love Most

S&P Global Mobility provides data on what types of each age group likes the most, based on car registration.

Business News

'Wanted by Several Countries.' Crypto Fugitive Is Nabbed in Montenegro.

Do Kwon was wanted in South Korea and the U.S. on fraud charges related to TerraUSD and Luna crash.


Working Remote? These Are the Biggest Dos and Don'ts of Video Conferencing

As more and more businesses go remote, these are ways to be more effective and efficient on conference calls.

Growing a Business

The Best Way to Run a Business Meeting

All too often, meetings run longer than they should and fail to keep attendees engaged. Here's how to run a meeting the right way.