Small business owners are facing a “nightmare” scenario in finding, hiring and retaining employees, according to new survey data from SCORE, mentors to America’s small businesses and a resource partner of the U.S. Small Business Administration.
SCORE’s Spring 2023 Megaphone of Main Street: Employee Engagement report surveyed more than 1,500 small business owners on employee-related issues, including hiring and retention, and the impact on their businesses.
SCORE’s Spring 2023 Megaphone of Main Street: Employee Engagement report surveyed more than 1,500 small business owners on employee-related issues, including hiring and retention, and the impact on their businesses.
At Thompson Tee in Las Vegas, Nev., a strong, engaged team of employees is a critical component of their small business success, according to founders Billy Thompson (left) and Randy Choi (center front).
At Thompson Tee in Las Vegas, Nev., a strong, engaged team of employees is a critical component of their small business success, according to founders Billy Thompson (left) and Randy Choi (center front).
SCORE’s Spring 2023 Megaphone of Main Street: Employee Engagement report surveyed more than 1,500 small business owners on employee-related issues, including hiring and retention, and the impact on their businesses. Two of their top three concerns are hiring the right talent (60.7%) and retaining and motivating employees (33%).
“It’s a nightmare,” said SCORE client Adina Silberstein, founder, president and CEO of Queenie’s Pets in Philadelphia, Pa. “We have an endless waitlist for hiring and our growth is so stunted. We could be crushing it but instead we are just stagnated.”
Signs of economic improvement
While fewer small businesses are having trouble hiring and retaining employees compared to fall 2021, significant employee-related challenges remain:
Eight in 10 (84.3%) small business employers report challenges with regard to hiring new employees.
Nearly half (45.8%) say it’s difficult to…
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