It is projected that over 58 percent of companies plan to use temp employees over the next few years. Temp work will no longer be limited to administrative assistants. High-level professionals are increasingly choosing to work as temp employees.
Last week, President Obama announced a $26 million multi-agency program to encourage innovation and job creation through public-private partnerships. The Advanced Manufacturing Jobs and Innovation Accelerator Challenge will help to build entrepreneurship across the country.
According to recent SEC filings, growth at entrepreneurial companies is skyrocketing at a rate of 13+ percent over job growth rates last year. This is compared to growth rates of a mere 3 percent at non-entrepreneurial companies.
A recent survey by Bank of America shows that small-business owners expect local and national economic conditions to improve. Nearly 31 percent plan to increase their workforce by an average of 25 percent.
SMBs are spending more on technology across the board, from hardware and devices, to cloud services and virtualization. IT budgets at companies with fewer than 1,000 employees grew 6 percent in the first half of 2012 over the second half of 2011.
For the sixth straight month, economic indicators show that recovery in the U.S. is on the rise. The Conference Board recently reported that its Index of Leading Economic Indicators increased again in March as it has for the previous five months which indicates continued improvement.