In terms of employment throughout the nation in 2012, there is general consensus that numbers were steady and the hiring situation is improving. Businesses are becoming more confident in their own financial conditions as well as the economy as a whole, and they are increasingly bringing on additional employees. As for 2013, many economists believe it will be another year of steady growth as the recovery continues to take place. As firms hire more workers, they will be tasked with a variety of aspects pertaining to getting these new staff members up to speed. To help ease processes and take additional responsibility off the shoulders of managers and owners, companies can use payroll software to keep accurate track of all employee information and ensure that workers are paid on time and in the correct amount. These platforms also give businesses the assurance that they are not violating any U.S. payroll compliance regulations, and any changes to legislation can be easily implemented with the systems.
Concerns still linger
According to a recent study by the Software & Information Industry Association, although many businesses are making plans to hire new employees over the coming year, owners still have concerns when it comes to the nation's economy. The research revealed 75 percent of companies believe that in two years' time, they will have more people on staff than they do now.
On the other hand, some firms think that finding the right skilled workers will be a challenge in the near future, as 36 percent of respondents stated they believe difficulty hiring will keep their operations from expanding. In addition, the global economy is on some owners' radars, as 36 percent said concerns over other economies could have an impact on their own businesses' growth opportunities, the study found.
Employment forecast to be strong in 2013
While many companies may have these worries, economists are saying that 2013 is shaping up to be a good year for the nation's employment situation and its economy. The Washington Post reports that for the month of January, businesses added 157,000 jobs, following revised figures of 247,000 positions in November of last year and 196,000 in December, based on data from the Labor Department.
If employment continues on the path it is on now, as many analysts expect it to, the country is poised for significant growth this year, the source notes. As businesses bring on more employees, they can keep track of all essential information and wages with payroll technology.