SCORE Infographic on trends and best practices in hiring and retaining employees

1. SOURCES:
1.16 Surprising Statistics About Small Businesses
http://www.forbes.com/sites/jasonnazar/2013/09/09/16-surprising-statistics-about-small-businesses/
2. Startling Statistics about Human Resources Mistakes
http://www.sourcepointe.com/startling-statistics/
3. Small Business Employment: Fourth Quarter 2013
http://www.sba.gov/sites/default/files/Quarterly_Employment_Bulletin_4q2013%20.pdf
4. 20 Mobile Recruiting Insights #mrec13
http://www.talenthq.com/2013/09/20-mobile-recruiting-insights/
5.Vital Small Business Statistics,Trends and Facts for 2014
http://www.getbusymedia.com/vital-small-business-statistics-trends-and-facts-for-2014/
http://www.microbiz.org/very-small-businesses-created-5-5-million-jobs/ *
http://www.entrepreneur.com/article/226800# *
Presented by SCORE.org
“Work with me,people!”
50%work in a small business
of workers
in the U.S.
Small businesses created
63% of new jobs from
mid 2009 to 2012
From 2004 to 2010,
micro businesses*
were
the BIG employers!
*1 to 4 employees
5.5Mnew jobs
...while businesses
w/ 500 or more
employees LOST
1.8M jobs
And in the next
5 years,37% of
small businesses
will have 5+
employees
Small business success is tied
to employee success...
But they cost time & money:
HR work
consumes
25-35% of an
owners time
7-25% of
time handling
employee
paperwork
< 20
employees =
60% higher
compliance
costs
75-150%
of Salary
... is the estimated cost
of employee turnover
30% of Small
Business Failures
... are blamed on
poor hiring decisions
Recruitment & management are going mobile:
1.3B will work virtually by 2015
Mobile friendly recruitment, properly executed,
has a conversion rate 5x to 10x better than PC
– at 20% the cost