As Jack Robbins, Indiana Division Sales Manager for the National Federation of Independent Business (NFIB), said, "We're choosing not to participate in the recession." The NFIB has more than 10,000 small business owner members in the State of Indiana.
The Fortune 1000 is paralyzed by the broken capital markets. Every major headline is about some big employer laying off thousands of workers.
But, who employs 70% of the workforce in the United States?
Small business.
The Federal goverment defines a small business as one with 500 or fewer employees. And, these smaller companies provide most of the jobs in the US economy.
So the big, Fortune 1000 companies get the headlines - bad headlines. And, the small companies get no recognition because you wouldn't care about DESI Environmental Services' in Mooresville plans to hire 5 people this year or thatFirst Response in South Bend plans to hire 3. Those companies aren't household names and those numbers aren't big. It's not headline material.
But, those little companies and single digit hires start to add up.
In a survey of 17 small businesses at todays NFIB Leadership Council meeting in Indianapolis, 12 plan to add new jobs. Sure a few are impacted by the poor economy and plan to lay off. But, the majority plan to hire what amounts to net 13.5% job growth with this group of Indiana employers.
So this big jobs announcement won't ever make the newspaper. It won't ever require a corporate recruiting strategy, custom recruiting solution, Topgrading strategy, or a sophisticated talent acquisition plan. But, these are real jobs.
Can you find any other segment of the US economy that is projecting double digit increases in employment this year? The NFIB and small business represent the silent majority that is the backbone of employment in the United States.
Thursday, August 6, 2009
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