SurePayroll Releases Small Business Hiring and Wage Data for U.S. Metropolitan Statistical Areas
GLENVIEW, Ill., July 1, 2011 /PRNewswire/ -- SurePayroll, the online alternative in payroll services, today announced it has expanded its national Small Business Scorecard to include hiring and wage data for 34 metropolitan statistical areas (MSAs).
As the first economic indicator created by a payroll company, the SurePayroll Scorecard has included hiring and wage trends each month since September 2004, providing national and regional data, as well as data for several benchmark states.
The MSA data will replace the state information, providing more targeted information about nearly three dozen metro areas. This change allows these populations to understand where they stand in terms of hiring and wage growth in comparison to the country and other MSAs.
SurePayroll President Michael Alter is a small business advocate who has been providing insights into the small business economy for nearly eight years. He says the best predictor of where our overall economy is heading lies in the small business market, and more specific regional data can help everyone understand our economy better.
"Small business owners act nimbly – there's not much lag time in their decision-making process. When we see that they're not hiring, we normally can expect a slowdown in all sectors," Alter says. "Getting down to the MSA level will allow specific areas to gain the same type of insight."
SurePayroll's Scorecard uses payroll data from the company's 32,000 customers to create its economic indicators. Unlike hiring and wage data compiled by other payroll companies, SurePayroll's data exclusively reflects what's happening with the smallest businesses – those with eight employees on average. In addition to compiling payroll data, SurePayroll provides its Small Business Owner Optimism level each month after surveying customers on how they feel about the small business economy.
See this month's national, regional and MSA scorecard data in the charts provided. The updated Small Business Scorecard data will be available on the SurePayroll website July 2. For more in-depth information about MSAs, or analysis of the national scorecard data provided by Michael Alter, contact Kyle A.C. Rosenbaum with Krupp Kommunications: firstname.lastname@example.org, 212.886.6705
SurePayroll, The Online Alternative, is dedicated to providing a convenient and easy-to-use small business payroll service that keeps business owners in control. Over 30,000 customers rely on SurePayroll to process payroll on demand in as few as two minutes. In addition, SurePayroll offers efficient online solutions for managing 401(k) plans, health insurance, workers' compensation, employee screening and more. For accountants and banking partners, SurePayroll provides private-label and co-branded services that enable them to offer online payroll processing to their small business clients. The company has received numerous prestigious awards for its innovative technology, and outstanding customer service and sales teams, including recognition from PC Magazine, Accounting Today, the American Business Awards and many others. SurePayroll is a wholly owned subsidiary of Paychex. For more information, please visit http://www.SurePayroll.com.
Paychex, Inc. (NASDAQ: PAYX) is a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses. The company offers comprehensive payroll services, including payroll processing, payroll tax administration, and employee pay services, including direct deposit, check signing, and Readychex®. Human resource services include 401(k) plan recordkeeping, section 125 plans, a professional employer organization, time and attendance solutions, and other administrative services for business. A variety of business insurance products, including group health and workers' compensation, are made available through Paychex Insurance Agency, Inc. Paychex was founded in 1971. With headquarters in Rochester, New York, the company has more than 100 offices serving approximately 536,000 payroll clients nationwide as of May 31, 2010. For more information about Paychex and our products, visit www.paychex.com.