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What I got from them is that their hiring decisions are being influenced more by what type of business they are running and how that business is being affected by this recession. Not every business is being affected by this recession in the same way so each business person has a different response to the question about why they aren't hiring.
I'm sure the firing and not hiring will go on as they get a taste of Obama-care where they have to buy insurance by law for over four employees or get fined.
That should promote growth in the business sector....NOT!
Hahaha, "We aren't hiring people because we don't know what the costs will be in 2014"
What kind of business owner would need employees to satisfy demand and not do it because they are uncertain about something three years down the line?
A more successful company would hire the employee and satisfy the the customer demand, because they obviously don't want to. Only an idiot would give up clients clamoring for their services (and future business) because they simply are not sure what might happen. That business will have enough profit to pay the new employees costs by satisfying the demand, while the one that refuses to hire will go the way of all unsuccessful businesses.
You never know what is going to happen in the future, you can't sit there shaking and complaining
Hahaha, "We aren't hiring people because we don't know what the costs will be in 2014"
What kind of business owner would need employees to satisfy demand and not do it because they are uncertain about something three years down the line?
A more successful company would hire the employee and satisfy the the customer demand, because they obviously don't want to. Only an idiot would give up clients clamoring for their services (and future business) because they simply are not sure what might happen. That business will have enough profit to pay the new employees costs by satisfying the demand, while the one that refuses to hire will go the way of all unsuccessful businesses.
You never know what is going to happen in the future, you can't sit there shaking and complaining
I thought that businessman's views was being shaped more by his political views more so than with the other businessmen interviewed.
I seriously doubt I'll have 50 people by 2014, so I won't be effected either way. Even if I would have that type of headcount, I would hire as needed anyway.
If your business decisions are driven by your political beliefs, you're kind of an idiot.
It is a package deal... You have to consider the effects of government policy as well as the demand and see if the demand overides the cost of doing buisness.... Right now, we just don't have the answers and nobody likes laying off people who you just hired. It costs money to train people. Depending on the labor discipline it may take 2 years to get someone proficient enough where they are a benefit to your company. There are a lot of questions out there right now and not enough answers.
Some interesting responses from some small business owners to the question of why businesses aren't hiring...
Two or three anecdotes don't qualify as evidence of a trend.
And I can assure you that large corporations do look at market uncertainty. Most large corporations have choices as to where to expand and where to invest. They give high preference to low risk opportunities and political uncertainty contributes to risk.
It's the same with individual investors. Many of us are sitting on cash because we don't feel confident about the political future of this country.
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