Thursday, June 28, 2012

EMPLOYERS? Small Business Poll Finds Business Worries Keep ...

RENO, Nev.?(BUSINESS WIRE)?

Small business decision-makers from across the country reported an
unchanged opinion about the U.S. economy, but reported a slight increase
in optimism about their own prospects for revenue growth in 2012
compared to the prior year, according to a recent Small Business Opinion
Poll conducted by ORC International, commissioned by EMPLOYERS?. The
poll revealed that 44 percent of small businesses believe the U.S.
economy will improve in 2012. While in 2011, 46 percent believed the
economy would be better. Small businesses are bullish about their own
business revenue projections with 45 percent expecting revenue growth
versus 17 percent expecting revenue declines.

Though 58 percent of small business decision-makers report
business-related worries keep them up at night, the EMPLOYERS Small
Business Opinion Poll found the 2012 figure to be significantly improved
compared to results one year ago. This year, 40 percent responded they
don?t worry about their businesses versus 30 percent who didn?t have
sleep-depriving worries in 2011. The latest poll also reveals that
today?s small business worries are more focused on issues related to
growing their businesses (20 percent) rather than variables that are
more out of their control like the economy.

EMPLOYERS Small Business Opinion Poll Snapshot:

  • 44 percent feel the U.S. economy will be better in 2012 than in 2011
  • 45 percent expect sales growth this year versus 41 percent in 2011
  • 23 percent are currently at pre-recession revenue levels
  • 21 percent are currently hiring versus just 15 percent a year ago
  • 21 percent plan to hire additional part-time or seasonal workers for
    the summer

Industry-specific Trends

The restaurant industry segment reported the strongest optimism and
expectation for growth in the latest EMPLOYERS Small Business Opinion
Poll with 61 percent expecting the U.S. economy to improve in 2012 and
61 percent saying they expect their businesses to grow over 2011 levels.
The restaurant industry also leads the way in job creation plans among
small businesses with 39 percent saying they are currently hiring and 42
percent indicating they plan to hire additional workers for the summer
season. Other industries feeling more bullish about their ability to
grow revenue in 2012 include the communication industry (53 percent),
manufacturing (52 percent) and financial services (51 percent).

About the Small Business Opinion Poll

The study commissioned by EMPLOYERS surveyed 500 owners or managers of
small businesses with 1-99 full-time employees. Data was collected
through telephone interviews during the period Feb. 16 ? Feb. 23, 2012
at the 95 percent confidence level. The sample is stratified across
business size and industry grouping, including
manufacturing/construction, transportation/communication,
wholesale/retail, financial services, or personal/professional services
businesses. The survey was conducted by ORC International through its
Small Business CARAVAN.

About Employers Holdings, Inc.

Employers Holdings, Inc. (EIG) is a holding company with
subsidiaries that are specialty providers of workers? compensation
insurance and services focused on select small businesses engaged in
low-to-medium hazard industries. The company, through its subsidiaries,
operates coast to coast. Insurance is offered by Employers Insurance
Company of Nevada, Employers Compensation Insurance Company, Employers
Preferred Insurance Company, and Employers Assurance Company, all rated
A- (Excellent) by A.M. Best Company. Not all insurers do business in all
jurisdictions. Additional information can be found at: www.employers.com.

Copyright ? 2012 EMPLOYERS. All rights reserved.

Article source: http://finance.yahoo.com/news/employers-small-business-poll-finds-140000190.html

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