10 August 2015

• U.S. Small Business Employment Report — July 2015

“A seasonally adjusted net 23 percent of owners reported raising [employee] compensation, up 2 points from June, and 2 points below the expansion high reading reached in January and May. The net percent planning to increase compensation rose 4 points from June to a net 15 percent.

”The NFIB job openings and the rising percent of owners reporting finding qualified labor as their top buisness problem (now at 13 percent) indicate that labor markets are getting tighter. But a barrage of cost-raising reglations (health care, mandatory sick leave, family leave, overtime) are also pushing up compensation costs and crowding out the potential for gains in take-home pay….”

Please visit this link to read the full report: NationalFederationIndependentBusinesses

NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions.

© 2015 Connecticut Human Resource Reports, LLC

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