Despite the fact that small businesses are proceeding with growth plans in 2011, some 40 percent are putting recovery expectations on hold until the first quarter of 2012, according to a survey from business and technology services provider Insperity.
According to Insperity's most recent Business Confidence Survey, just 12 percent of those polled believed that a recovery was underway, versus 23 percent from the prior Business Confidence measure in May, which has a base of more than 5,700 small and midsized businesses.
When compared to Insperity’s 2010 second quarter data, average compensation is up 4.2 percent, while bonuses were down 3.9 percent.
The survey also showed that 63 percent of the participants expected to maintain employee compensation at current levels throughout 2011, versus 54 percent last quarter, while 24 percent planned increases, down from 31 percent in the last survey.
When asked how they were managing the number of company employees, 32 percent said were adding new positions—down from 37 percent in the previous survey—and 62 percent said they were maintaining current staffing levels, a 5 point rise from the last quarter, and 6 percent revealed they were laying off employees—the same percentage from the prior quarter.
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