April 19, 2012

Introducing the CBIZ Small Business Employment Index

For the past two years, we have developed and fine-tuned the CBIZ Small Business Employment Index (SBEI). I wanted to take a moment to provide you with a brief overview of what it represents.

The CBIZ Small Business Employment Index is a barometer for hiring trends among small businesses. For the purpose of creating this index, we define small businesses as those that employ 300 or fewer people. Each month, we survey approximately 3,000 companies to aggregate data on payroll growth and hiring trends.The sample reflects a broad array of industries and geographies corresponding to the markets across the United States where CBIZ Payroll provides services.

The Bureau of Labor Statistics (BLS), Automatic Data Processing (ADP), and others mostly watch larger businesses. We know there is a difference in speed between small, medium, and large companies and their hiring practices. Here at CBIZ, we understand that job creation in the U.S. relies heavily on the small businesses represented in our index and appreciate that innovation in employee services often has roots in ideas from these same companies. The SBEI is designed to improve understanding economic trends in this segment of industry.

Well-respected media outlets across the country often utilize the SBEI’s findings each month. Check out the below links for some past examples:

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