Work With Me, People! Statistics on Small Business Human Resource Trends

Did you know that 50% of workers in the U.S. work in a small business? Small business success is tied to employee success. However, employees cost time & money. Recruitment & management are going mobile.

Infographic Did you know that 50% of workers in the U.S. work in a small business? 

  • Small businesses created 63% of new jobs from mid-2009 to 2012
  • From 2004 to 2010, micro businesses (1 to 4 employees) were the big employers creating 5.5M new jobs!
    ...While businesses w/ 500 or more employees lost 1.8M jobs. 
  • In the next 5 years, 37% of small businesses will have 5+ employees 

 

Small business success is tied to employee success.

  • 75-150% of salary is the estimated cost of employee turnover 
  • 30% of small business failures are blamed on poor hiring decisions

 

However, employees cost time & money.

  • HR work consumes 25-35% of an owner’s time. 7-25% of time is spent handling employee paperwork 
  • Companies with fewer than 20 employees have 60% higher compliance costs.

 

Recruitment & management are going mobile.

  • 1.3 billion employees will work virtually by 2015.
  • Mobile friendly recruitment, properly executed, has a conversion rate 5x to 10x better than PC – at 20% the cost.