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Jobs, Jobs, Jobs- Do You Plan to Hire Workers This Year? (January 2010)
NASE Monthly Poll
Results
Congress and the Obama Administration are looking to small business to improve our economy and increase job creation. We want to know if you plan to hire workers in 2010 and what you think about proposals to stimulate job growth in our nation. Please take this short survey.
| 1) Has your BUSINESS experienced any of the following due to the sluggish economy? (Select all that apply.) |
| Answer Options | Response Percent |
| I have experienced a significant decrease in sales and/or revenue | 61.9% |
| I've had to let go of employees | 23.2% |
| I've had to scale back or drop benefits (i.e. health coverage, 401K, etc.) | 20.6% |
| I've had to refrain from making improvements or growing my business | 58.2% |
| I've been unable to access credit or loans | 27.8% |
| I've had to utilize my personal savings or retirement savings (i.e. 401K or other retirement savings vehicles) to address cash flow issues | 49.0% |
| I've been forced to close my business | 2.1% |
| I have experienced no affects | 10.8% |
| Other | 14.4% |
| 2) Has your FAMILY experienced any of the following due to the sluggish economy? (Select all that apply.) |
| Answer Options | Response Percent |
| My credit card debt has increased | 43.4% |
| I've had to utilize my personal savings or retirement savings (i.e. 401K or other retirement savings vehicles) | 52.4% |
| I have been unable to access personal credit or loans | 22.8% |
| I am having difficulty affording my basic needs (housing, utilities, food, etc.) | 37.0% |
| Family income has decreased due to job loss | 33.3% |
| I have experienced no affects | 15.3% |
| Other | 13.2% |
| 3) Are you planning to hire workers this year regardless of type (i.e. full-time, part-time, temporary)? |
| Answer Options | Response Percent |
| Yes | 23.4% |
| No | 76.6% |
| 4) If yes, what type of employees are you planning on hiring? (Select all that apply.) |
| Answer Options | Response Percent |
| Part-time | 44.4% |
| Full-time | 31.1% |
| Temporary | 37.8% |
| Do Not Know | 11.1% |
| 5) If no, please indicate why you will not be hiring additional workers this year. (Select all that apply.) |
| Answer Options | Response Percent |
| I am not interested in expanding my business. | 30.3% |
| I am unable to pay the salary of an additional worker. | 65.5% |
| I am unable to offer or afford benefits for an additional worker. | 49.7% |
| 6) How likely would you be to hire new workers this year if the following proposals below were implemented? |
| Answer Options | Very likely | Somewhat likely | Unsure | Not at all likely |
| A $3,000 tax credit for businesses who create jobs. | 15.4% | 19.5% | 16.8% | 48.3% |
| A one-year payroll tax holiday on the first $40,000 of income for the self-employed and small businesses with 25 or fewer employees. | 26.1% | 24.8% | 22.9% | 26.1% |
| Permanent expensing up to $250,000 of qualified business investments and equipment under Section 179. | 14.8% | 18.1% | 30.3% | 36.8% |
| Elimination of fees and an increase in guarantees for loans through the Small Business Administration. | 12.7% | 21.3% | 25.3% | 40.7% |
| An increase of credit and loans available from financial institutions (i.e. banks, credit unions, etc.) | 11.5% | 22.3% | 24.8% | 41.4% |
| Health reform proposals in Congress became law. | 5.7% | 7.6% | 17.1% | 69.6% |
| Making permanent the tax cuts and individual income tax rates passed in 2001 & 2003 | 18.1% | 24.4% | 26.3% | 31.3% |
| 7) Which statement best describes your business? |
| Answer Options | Response Percent |
| A career that presently supplies the main source of income in my household | 76.4% |
| A part-time business to supplement another income in my household | 6.9% |
| A start-up business with the potential to become a permanent, main source of income | 8.6% |
| Other (please specify) | 8.0% |
| 8) Please indicate your business structure: |
| Answer Options | Response Percent |
| Sole-proprietor | 50.0% |
| LLC | 18.4% |
| LLP | 2.9% |
| S Corporation | 22.4% |
| C Corporation | 4.6% |
| Other | 1.7% |
Methodology
The above survey is part of an online monthly poll series conducted by the National Association for the Self-Employed.
We received a total of 194 responses to the January 2010 survey.
Link to full survey results in PDF format: NASE Monthly Poll- January 2010 Results- Job Creation