Report Finds Compensation and Labor Problems Still Vexing Business Owners

Report Finds Compensation and Labor Problems Still Vexing Business Owners

By: Kerry Pipes | 2,879 Reads | 2 Shares

Report Finds Compensation and Labor Problems Still Vexing Business Owners

%3Cp%3ESmall+businesses+are+still+struggling+to+find+employees+and+being+forced+to+increase+compensation%2C+according+to+%3Ca+href%3D%22https%3A%2F%2Fwww.nfib.com%2Ffoundations%2Fresearch-center%2Fmonthly-reports%2Fjobs-report%2F%22+target%3D%22_blank%22+rel%3D%22noopener%22%3ENFIB%26rsquo%3Bs+monthly+jobs+report%3C%2Fa%3E.+A+net+50%25+%28seasonally+adjusted%29+of+small+business+owners+reported+raising+compensation%2C+up+two+points+from+December+and+a+48-year+record+high+reading.+A+net+27%25+plan+to+raise+compensation+in+the+next+three+months%2C+down+five+points+from+December.%3C%2Fp%3E%0D%0A%3Cp%3E%26ldquo%3BSmall+business+owners+are+managing+the+reality+that+the+number+of+job+openings+exceeds+the+number+of+unemployed+workers%2C+producing+a+tight+labor+market+and+adding+pressure+on+wage+levels%2C%26rdquo%3B+said%26nbsp%3BNFIB+Chief+Economist+Bill+Dunkelberg.+%26ldquo%3BReports+of+owners+raising+compensation+continues+at+record-high+levels+to+attract+applicants+to+their+open+positions.%26rdquo%3B%3C%2Fp%3E%0D%0A%3Cp%3ETwenty-three+percent+of+owners+said+that+labor+quality+was+their+top+business+problem%2C+down+two+points+from+December.+Eleven+percent+of+owners+cited+labor+costs+as+their+top+business+problem.+Reports+of+labor+costs+as+the+top+business+problem+are+at+48-year+record+high+levels%2C+just+two+points+below+December%26rsquo%3Bs+record-breaking+13%25.%3C%2Fp%3E
Published: February 7th, 2022

Share this Feature

Vocelli Pizza
SPONSORED CONTENT
Vocelli Pizza
SPONSORED CONTENT
Vocelli Pizza
SPONSORED CONTENT

Recommended Reading:

Sonny’s BBQ
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

Hot Dish Advertising
ADVERTISE SPONSORED CONTENT
Multi-Unit Franchising Conference
Conferences
Multi-Unit Franchising Conference
Caesar's Forum, Las Vegas
MAR 24-27TH, 2026

Another Broken Egg Cafe
Another Broken Egg is an upscale breakfast, brunch and lunch restaurant that specializes in Southern-inspired menu options and signature cocktails....
Cash Required:
$250,000
Request Info
Learn More
Ace Hardware
Ace is #1 for convenience hardware! You pay no royalty fees. Instead, Ace pays you a year-end rebate based on your annual purchases. Enjoy the...
Cash Required:
$350,000
Request Info
Learn More

Share This Page

Subscribe to our Newsletters