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STEADY BUT CAUTIOUS APPROACH
The slow pace of hiring at small and mid-sized businesses is expected to extend into 2017, according to a survey of company owners released by PNC Financial Services Group.
Twenty-two per cent of the owners surveyed said they expect to hire new full-time employees, down from 24 per cent in a similar survey taken during the spring. That percentage is comparable to the findings of surveys by other organizations in recent months. Two-thirds of those in the PNC survey said they’d keep staffing at current levels.
Many employees at small and mid-size companies are going to have bigger workloads. Of the owners without plans to hire, 28 per cent said they prefer to get more work done with fewer employees.
Their plans to invest in equipment and property are more conservative. Twenty per cent plan to spend more, down from 30 per cent in the spring.
The survey findings reflect the continuing cautious approach that owners have toward expanding their companies, a legacy of the Great Recession…

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