Paychex

The pace of hiring at small businesses continued to increase for the fifth month in a row as wages spiked dramatically.

Offering clients the option to work with a professional employer organization can help increase overall efficiency and profitability by offloading the key administrative tasks necessary to running a business.

While small businesses continued to add jobs in September, the pace of hiring slowed, according to a new report from payroll giant Paychex.

Small businesses continued to increase hiring and hourly pay in August, payroll giant Paychex reported, as the economic recovery continued despite the spread of the Delta variant.

Job growth at small businesses spiked in July across various industries and parts of the country, according to payroll giant Paychex, with hourly earnings also improving.

Small businesses continued to ramp up their hiring this month, particularly in the leisure and hospitality sector, as the economy recovers from the pandemic, according to payroll giant Paychex.

While the rate of job growth in the leisure and hospitality sector increased last month, it slowed in the construction industry, according to Paychex.

Three of the biggest obstacles businesses face are financial instability, bringing employees back to the office, and developing a COVID-19 vaccine policy. Accountants can help clients through each of these areas.

The U,S, Small Business Administration is urging food and beverage establishments to submit their applications for the Restaurant Revitalization Fund by next Monday.

The numbers reflect a strong bounce back in the economy as companies emerge from the COVID-19 pandemic.