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Small businesses’ average paychecks see first increase of the year

July 23, 2014

The average paycheck for small business employees edged up 0.2 percent this month, according to the SurePayroll Small Business Scorecard survey for July. This is the first time in 2014 that the average paycheck has increased after being flat or slightly down the rest of the year. However, the average paycheck still fell 0.7 percent year over year.

“Small business owners have done a great job maximizing their resources ever since the recession, and as they reap the profits from that, it appears they're starting to reward employees with some extra cash,” said SurePayroll General Manager Andy Roe.

Optimism about the small business economy rose to 68 percent in July from 66 percent in June, according to the survey, even as hiring edged down 0.2 percent from June and 0.9 percent year over year.

SurePayroll’s Scorecard compiles data from more than 40,000 small businesses and exclusively reflects the trends affecting businesses with one to 10 employees. The average business reflected has six employees. SurePayroll Inc. provides online payroll services to small businesses. It is a subsidiary of Paychex Inc. (NASD: PAYX).