#smbjobgeneration outlook report
DESCRIPTION
The Lucas Group SMB Job Generation Outlook is an innovative approach to traditional hiring and employment surveys, gauging both recent and planned activity in the United States small to mid-sized business market. The survey captures the visions and priorities from a selection of noteworthy SMB Presidents and CEOs—America’s leading economic influencers and employment decision makers. Data is gathered on a quarterly basis via online surveys with invited top executives from a variety of SMBs around the country and across industry segments.TRANSCRIPT
SMB Job Generation Outlook – Q1 2013
www.lucasgroup.com Respondent title:
46% $50M - $150M
28% $151M - $300M
17% $301M - $600M
9% $601M - $999M
2012 company revenues of responding executives:
51% President
49% CEO
www.lucasgroup.com
Describe how your workforce and related expenses changed in 2012.
39% Stayed the same
WORKFORCE
45% Increased
16% Decreased
31% Stayed the same
WAGES & SALARIES
62% Increased
7% Decreased
30% Stayed the same
BENEFITS EXPENDITURE
60% Increased
10% Decreased
www.lucasgroup.com
For those expenses that increased in 2012, select the percent they increased over 2011.
WORKFORCE WAGES & SALARIES BENEFITS EXPENDITURE
<5%
5% - 10%
11% - 15%
16% - 20%
20% - 25%
>25%
44%
33%
15%
4%
2%
2%
64%
24%
8%
4%
0%
0%
25%
42%
27%
3%
3%
0%
www.lucasgroup.com
For those expenses that decreased in 2012, select the percent they decreased over 2011.
46%
18%
18%
18%
0%
0%
58%
14%
14%
14%
0%
0%
18%
36%
46%
0%
0%
0%
<5%
5% - 10%
11% - 15%
16% - 20%
20% - 25%
>25%
WORKFORCE WAGES & SALARIES BENEFITS EXPENDITURE
www.lucasgroup.com
Looking ahead, share your hiring or downsizing plans for the following timeframes:
25% N/A or Don’t know
52% Hire additional employees
23% Downsize workforce
NEXT QUARTER
26% N/A or Don’t know
55% Hire additional employees
19% Downsize workforce
NEXT 12 MONTHS
www.lucasgroup.com
Rate the level of difficulty your company faces in finding qualified candidates for professional and management positions.
6% Easy
35% Neither difficult or easy
54% Difficult
5% Extremely difficult
www.lucasgroup.com
Share whether your company has specific plans to recruit and/or hire military veterans in 2013.
16% Yes, we have
specific plans to hire military veterans
60% We hire military veterans but don’t have a specific plan
24% No, we don’t have
specific plans to hire military veterans
www.lucasgroup.com
Describe the type of employees your company is considering adding in 2013: contract employees, permanent employees, or a combination.
47% Combination of
contract and permanent employees
23% Neither contract nor permanent
employees
21% Permanent
employees only
9% Contract
employees only
www.lucasgroup.com
For each professional/management area, describe your company’s planned 2013 workforce change.
69% Stay the same
ACCOUNTING
18% Increase
13% Decrease
71% Stay the same
FINANCE
15% Increase
14% Decrease
70% Stay the same
HUMAN RESOURCES
13% Increase
17% Decrease
51% Stay the same
INFORMATION TECHNOLOGY
36% Increase
13% Decrease
73% Stay the same
LEGAL
11% Increase
16% Decrease
60% Stay the same
MANUFACTURING MGMT.
25% Increase
15% Decrease
52% Stay the same
MARKETING
33% Increase
15% Decrease
39% Stay the same
SALES
51% Increase
10% Decrease
www.lucasgroup.com
Select the percentage of your company’s workforce that will retire in 2013.
79%
9%
3% 4%
5%
<5%
www.lucasgroup.com
Describe the level of impact that Baby Boomer retirement has on your company.
45% Some impact
37% No impact
at all
13% Very
big impact
5% Don’t know
www.lucasgroup.com
Describe how the retirement of Baby Boomers impacts your company.
48% Creates a
knowledge gap that’s difficult
to bridge
23% Enhances our prospects for
future innovation and growth
18% Improves our
ability to consider new approaches & processes
8% Impairs our
ability to compete
3% Other
www.lucasgroup.com
Share whether your company is hiring retirees back on a contract basis.
53% No
23% Considering it,
but haven’t decided
19% Yes
5% Don’t know
www.lucasgroup.com
The percentage of employees eligible for retirement who delayed retirement, during the past three years, due to economic constraints:
<2%
3% - 4%
5% - 7%
8% - 10%
>10%
Don’t know
27%
20%
18%
5%
14%
16%
www.lucasgroup.com
28%
20%
12%
14%
12%
14%
The percentage of employees you expect to delay retirement, during the next three years, due to economic constraints:
<2%
3% - 4%
5% - 7%
8% - 10%
>10%
Don’t know
www.lucasgroup.com Please indicate your feelings about the following:
Very pessimistic
Somewhat pessimistic
Neither optimistic nor pessimistic
Somewhat optimistic
Very optimistic
4%
17%
15%
45%
19%
ECONOMIC PROSPECTS FOR YOUR COMPANY IN 2013
Very pessimistic
Somewhat pessimistic
Neither optimistic nor pessimistic
Somewhat optimistic
Very optimistic
26%
23%
14%
32%
5%
ECONOMIC PROSPECTS FOR THE UNITED STATES IN 2013
www.lucasgroup.com Please indicate your feelings about the following:
Very pessimistic
Somewhat pessimistic
Neither optimistic nor pessimistic
Somewhat optimistic
Very optimistic
13%
12%
24%
40%
11%
JOB GROWTH PROSPECTS FOR YOUR COMPANY IN 2013
Very pessimistic
Somewhat pessimistic
Neither optimistic nor pessimistic
Somewhat optimistic
Very optimistic
23%
23%
26%
24%
4%
JOB GROWTH PROSPECTS FOR THE UNITED STATES IN 2013
www.lucasgroup.com Please indicate your feelings about the following:
Very pessimistic
Somewhat pessimistic
Neither optimistic nor pessimistic
Somewhat optimistic
Very optimistic
62%
19%
11%
5%
3%
BIPARTISANSHIP IN FEDERAL GOVERNMENT
Very pessimistic
Somewhat pessimistic
Neither optimistic nor pessimistic
Somewhat optimistic
Very optimistic
32%
32%
19%
11%
6%
BIPARTISANSHIP IN STATE GOVERNMENTS
www.lucasgroup.com
Select the statement that best describes your company’s position for 2013.
57% Growth
32% Maintaining
stability
6% Controlled
retrenchment
5% Survival
www.lucasgroup.com
Please indicate the extent to which you agree or disagree with the following statements.
Disagree strongly
Disagree
Neither agree nor disagree
Agree
Agree strongly
0%
1%
12%
48%
39%
SMB’s ARE THE JOB GENERATORS OF THE U.S. ECONOMY.
2%
5%
17%
55%
21%
I SEE MY COMPANY AS A JOB GENERATOR.
Disagree strongly
Disagree
Neither agree nor disagree
Agree
Agree strongly
www.lucasgroup.com
Describe the level of tangible impact federal budget negotiations have on your hiring considerations.
48% Some
impact
38% A great deal
of impact
14% No impact
www.lucasgroup.com
If the federal government fails to reach a budget accord, will your company change its current 2013 hiring plans?
43% No
27% Yes,
somewhat
21% Yes,
dramatically
9% Don’t know
www.lucasgroup.com
35% 32%
21%
6% 6%
Describe the level of impact the Patient Protection and Affordable Care Act has on your business plans.
Considerable negative impact
Minor negative impact
No impact Minor
positive impact
Considerable positive impact
www.lucasgroup.com Select your company’s industry.
18% Finance, Insurance,
Real Estate
12% Business Services
12% Healthcare
10% Automotive 9%
Manufacturing
9% Transportation
Services
7% Construction
7% Consumer Services
3% Nonprofit & Membership Organizations
2% Legal Services
2% Arts,
Entertainment & Recreation
2% Energy, Oil,
Gas & Utilities
1% Information Technology
7% Other
www.lucasgroup.com How long has your company been in business?
0 - 2 years
3 - 5 years
6 - 10 years
11 - 20 years
More than 20 years
1%
3%
13%
13%
70%
www.lucasgroup.com
Select the number of workers your company currently employs.
1,500 – 4,999
1,000 – 1,499
500 - 999
100 - 499
1 - 99
1%
5%
15%
9%
13%
42%
15%
5,000 – 9,999
10,000 or more
www.lucasgroup.com Describe your company’s ownership structure.
58% Private
17% Public
15% Family- owned
10% Private equity
portfolio company