Industry

Small Business Recruiting Important to Economy

What this country needs is more small businesses. So the U.S. Department of Labor recently announced it was providing $35 million for states to help develop, enhance, and promote Self-Employment Assistance programs to encourage unemployed Americans to realize their dreams of business ownership.

The program allows “participants who are currently receiving or eligible for federally funded Emergency Unemployment Compensation and Extended Benefits” to receive “financial assistance equal to their Unemployment Insurance benefits while they receive important entrepreneurial training and resources to help launch their own businesses.”

Small Business Vital to Recruiting

Small businesses not only create opportunity for their owners, but they create opportunities for other small businesses, as well as job seekers in the community. As the Small Business Administration suggests:

“… The overall importance of the small busi­ness community has been well documented and the importance of new venture creation is widely recognized.”

And nowhere is this more important than in the creation of new jobs. In fact, as of 2010, the SBA reported that small businesses (fewer than 500 employees per the SBA) accounted for 75 percent of net new jobs in the U.S.

Additionally, a study conducted by the Global Entrepreneurship Monitor (GEM) suggested that entrepreneurship is a major factor in any country’s well-being in both economic and job growth.

Technology Makes Small Businesses Competitive

However, the difficulty for many small businesses and entrepreneurs is in competing with larger organizations. That’s where technology can provide an advantage.

Technology makes small businesses competitive. As Stephanie Faris suggests in her article, “Technology Helps Small Businesses Restore Competitiveness to U.S. Economy”:

“Thanks to technology, those smaller companies can now compete with the largest corporations in the country. Cloud services are leveling the playing field, allowing small and mid-sized businesses to tackle larger projects …”

And one such large project is managing the recruiting function. That’s where PCRecruiter can help.

We offer tools that enable human resource and other business professionals to manage the entire recruiting process, from requisition approval and submission to resume database management and diversity tracking. Whatever you need to streamline staffing, we have the recruiting software tools that are right for your current needs.

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