SurePayroll Small Business Scorecard® Shows Technology Driving Jobless Recovery

  SurePayroll Small Business Scorecard® Shows Technology Driving Jobless
  Recovery

              Small-business owners adapt to new online economy

Business Wire

GLENVIEW, Ill. -- July 31, 2013

SurePayroll Inc., a leader in providing online payroll to small businesses
nationwide, today announced results for the July 2013 SurePayroll Small
Business Scorecard® showing optimism remaining high at 72 percent, up from a
year-over-year low of 45 percent in September 2012. Month-over-month hiring
was down 0.1 percent in July and the average paycheck was down 0.2 percent.

Results from the Scorecard survey indicate technology, rather than new hiring,
is driving growth for small businesses, as 72 percent are doing more business
online than they did a year ago. As many as 84 percent said using new tools
such as their company websites, online advertising and software-as-a-service
providers to streamline business has helped them grow.

“Technology seems to be driving this jobless recovery in the small business
economy,” said SurePayroll CEO and President Michael Alter. “We’ve seen this
trend for a while now, and our data this month really supports the idea that
small businesses are leveraging technology to be more efficient, and so
they’re able to grow without hiring.”

The Scorecard survey also found that 73 percent of small businesses use the
company website to sell products or services; 42 percent are using online
advertising and 27 percent are using tablets to showcase products. More than
60 percent are using social media as well as online services to streamline
business. Seventy-seven percent said the company website is effective for
selling and 64 percent found the smartphone to be an effective tool.

Month-over-month SurePayroll Scorecard data showed hiring was down 0.1 percent
and the average paycheck was down 0.2 percent. Hiring was down month over
month in every region of the country except for the South, where it was up
0.1. Paychecks were flat month over month in the South and down across the
rest of the country.

Year over year, nationwide hiring is down 1.7 percent and paychecks are down
0.1 percent. Year over year, the South is the only region where hiring is up
at 1.5 percent and paychecks there are down 0.1 percent. The West shows a
hiring decline of 3.2 percent, with paychecks down 0.7 percent. Hiring in the
Midwest is down 3.0 percent and paychecks are positive, up 3.6 percent. In the
Northeast, hiring is down 3.9 percent and paychecks are down 2.3 percent.

As the first economic indicator created by a payroll company, the SurePayroll
Scorecard has provided a monthly look at national hiring and paycheck trends
since September 2004. SurePayroll's Scorecard compiles data from small
businesses nationwide, and exclusively reflects the trends affecting the
nation's "micro businesses" — those with an average of eight employees.

The full SurePayroll Small Business Scorecard infographic includes data for
the top 35 MSAs. The July 2013 Scorecard is available now on the SurePayroll
blog.

About SurePayroll

SurePayroll is the trusted provider of easy online payroll services to small
businesses nationwide. Whether a business has 1, 10, or 100 employees,
SurePayroll delivers peace of mind by combining innovative, industry-leading
technology and personalized support from an award-winning, U.S.-based customer
care team. SurePayroll also provides private-label and co-branded services for
accountants and banking partners as well as offering efficient online
solutions for managing 401(k) plans, health insurance, workers' compensation,
employee screening and more. SurePayroll is a wholly owned subsidiary of
Paychex. For more information, please visit www.SurePayroll.com. Follow us on
Twitter – Circle us on Google+ – Connect with us on LinkedIn – Like us on
Facebook.

About Paychex

Paychex, Inc. (NASDAQ:PAYX) is a leading provider of payroll, human resource,
insurance, and benefits outsourcing solutions for small- to medium-sized
businesses. The company offers comprehensive payroll services, including
payroll processing, payroll tax administration, and employee pay services,
including direct deposit, check signing, and Readychex®. Human resource
services include 401(k) plan recordkeeping, section 125 plans, a professional
employer organization, time and attendance solutions, and other administrative
services for business. A variety of business insurance products, including
group health and workers' compensation, are made available through Paychex
Insurance Agency, Inc. Paychex was founded in 1971. With headquarters in
Rochester, New York, the company has more than 100 offices serving
approximately 570,000 payroll clients as of May 31, 2013. For more information
about Paychex and our products, visitwww.paychex.com.

Contact:

Racepoint Group
Nick Liberati, 617-624-3215
rpgsurepayroll@racepointgroup.com
or
SurePayroll, Inc.
Lori Bolas, 224-223-2334
Lori.Bolas@surepayroll.com
 
Press spacebar to pause and continue. Press esc to stop.