Nearly 90% of Small Businesses are labor Hoarding, New Study Finds

Contributor: Bryan Robinson, Founder and Chief Architect Officer (CAO) of ComfortZones Digital, Inc., Professor, and Author of CHAINED TO THE DESK IN A HYBRID WORLD: A GUIDE TO WORK-LIFE BALANCE

February 11th, 2023

Small businesses are facing big challenges due to talks of a recession and layoffs across multiple industries. As a result, job insecurity is looming for both employers and employees as it becomes harder to fill positions. An Insight Global study reported that 77% of the American workforce planned to stay in their current jobs. And in a recent Skynova survey a whopping majority of 1,010 business owners (21% large, 22% medium and 57% small businesses) say they are labor hoarding.

Sara Jensen, Senior Vice President of Growth and Strategy | Innovative Employee Solutions

Sara Jensen is the is the senior vice president of growth & strategy at Innovative Employee Solutions (IES), a leading provider of remote and contingent workforce solutions, specializing in global Employer of Record, Agent of Record and Independent Contractor compliance services in 150+ countries. Founded in 1974, IES is a woman-owned business, certified by the WBENC and partners with companies to provide compliant employment solutions that empowers people’s lives.

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