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ACA hasn’t impacted hiring plans say 78% of firms

October 07 2013

The Affordable Care Act had no impact on hiring plans, according to 78 percent of small- and mid-sized companies surveyed by PNC Financial Services Group Inc. The biannual survey included telephone interviews with 501 businesses in the U.S.

“Our labor market isn’t going to tank because of the Affordable Care Act, but it’s a sizable minority (of businesses) taking a guarded approach,” Mekael Teshome, a PNC economist, told The Columbus (Ohio) Dispatch in a report on the Ohio results of the survey alone.

However, the national PNC survey found that fewer small- and mid-size businesses, overall, plan to hire in the next six months. Only 16 percent of businesses plan to add staff; that compares to 23 percent who planned to add staff when asked a year ago.

Of those hiring in the next six months, one in five intend to rehire formerly laid-off employees or add temporary staff for short-term labor needs.

A separate, monthly measure of small business hiring trends, the CBIZ small business employment index, decreased by 2.15 percent in September following an increase of 1.23 percent in August. However, CBIZ Payroll Services president Philip Noftsinger said the monthly decline was consistent with historical trends. “Typically, during this period, students are returning to school and deflating the overall employee counts in the businesses and industries that employ them,” Noftsinger said in a press release. CBIZ’s index includes data from 3,500 companies with 300 or fewer employees.

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Gary Hutzko 10/07/2013 03:07 pm

I work sales in the Northeast and I can safely say, hiring plans of 99% of the companies I call on ARE
being impacted by Obamacare - mostly small and medium sized businesses across several industries. Not only are they cutting back on new hires or only hiring temps and interns, but current employees are being dismissed and hours are being slashed to avoid the Obamacare mandates.

Not sure where PNC Financial Services Group got its
sample of businesses, but this looks like a case of publishing the results of a poll/survey to support the politics and bias of the poll taker.


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