Increasing Number of Small Businesses Concerned About Economy, Survey Finds

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Small businesses operate very differently than larger companies, and have different concerns, too. A recent ADP Research Institute survey dived into those concerns when they polled small business owners about their outlook on the economy, hiring plans, and other challenges. The research found that small businesses are primarily concerned about finding and attracting qualified employees, though the economic climate is increasingly of concern as well.

The survey, which was done on thousands of businesses, found that 52% of small businesses say their biggest challenge is finding qualified job candidates. That number sat even higher, at 72%, for midsize businesses. Likewise, while 22% of small businesses say they’re prioritizing employee retention, 44% of midsize business owners say the same.