While hourly employers have an eye fixed on the presidential election and its potential effects on healthcare, most are not waiting until after Election Day to make business decisions, according to a poll of hourly employers by Snagajob, the nation’s largest hourly employment network.
More than half of hourly employers (55 percent) cited potential healthcare requirements as the key presidential election issue most likely to affect their business. Possible economic stimulus plans (25 percent) and tax code changes (14 percent) were among other concerns weighing on hourly employers.
But while hiring managers cited healthcare requirements as a chief concern pending the outcome of the presidential election, business as usual does indeed continue. More than two-thirds (67 percent) said that they did not have a “wait and see” attitude about their business plans during the campaign process.
“Some in the market may have expected that hourly employers would have a ‘wait and see’ business attitude in light of the upcoming election,” said Jason Hamilton, vice president of marketing for Snagajob. “But when you consider that about 60 percent of our workforce is paid by the hour and that hourly businesses support many of the everyday services that we depend on, it makes sense that hourly employers have to press on, presidential election or not.”
If it isn’t which candidate gets elected, what is most important to hourly employers when it comes to running their business? Staffing remains the top priority – specifically hiring and retaining good employees. When asked to evaluate a number of business factors, 64 percent of hourly employers said that the ability to hire good employees was “extremely important,” with a similar number citing the ability to retain good employees (63 percent). When evaluating other factors, 35 percent of hourly employers said a decrease in consumer spending was “extremely important” in terms of affecting their business, as is an increase in hard costs (29 percent).
“It might be hard for a manager to attach a specific dollar amount to staffing their front lines and replacing a good employee, but as this poll demonstrates, hourly employers still see quality staff as their top business priority,” Hamilton said.
Lastly, the democratic spirit is alive and well in most businesses. The majority of hiring managers (57 percent) noted they encourage their employees to vote.
These results are based on unscientific polling of hourly employers who use Snagajob for their sourcing and talent management needs. The online survey was administered between Sept. 7-21, 2012, garnering 362 employer responses of various industries and sizes.
About Snagajob: Snagajob, America’s largest hourly employment network for job seekers and employers, is the only company to provide both sourcing and talent management solutions to the hourly industry. With more than 35 million registered job seekers and the leading hourly-focused talent management system, Snagajob has been serving hourly workers and those who employ them since 2000. Headquartered in Richmond, Va., Snagajob has been named the No. 1 Best Small Company to Work for in America by the Great Place to Work Institute. To find out more, visit www.snagajob.com and www.snagajob.com/employer-solutions.