As the economy crawls towards recovery, many business owners are outsourcing human resources to save money and maintain a level of flexibility during uncertain times.
However, according to a recent survey from Insperity, employers are still facing challenges in managing the number of workers their companies house. Only 32 percent of respondents said they're adding new positions, 62 percent are maintaining staffing levels and 6 percent will be laying off individuals during the next quarter.
"Elevated fears over the national debt, government expansion and prospective tax increases are currently outweighing the natural optimism and entrepreneurial instincts in the small business community," said Paul J. Sarvadi, Insperity’s chairman and chief executive officer.
Small business owners also expressed concern over the ongoing debt negotiations in Congress. Seventy-four percent said they were either "very concerned" or had "elevated concerns" about the federal deficit and the total national debt.
This week, however, such fears may receive temporary relief. The New York Times reports that President Barack Obama and Congressional leaders agreed to a deal that will cut millions of dollars and simultaneously raise the debt ceiling.
