Automatic Data Processing’s (ADP) Chief Executive Officer, Gary Butler, told Bloomberg BusinessWeek recently that “sales of services to companies with 50 employees or fewer have increased since September.
Butler was quoted: “It’s a clear indication that small business is coming back…You don’t put in a new HR system or payroll system if your business isn’t going to grow.”
Butler also said that the increase in business is similar to the one he saw in 2002 and 2003 after the last recession.
Companies oftentimes experience cash flow problems when they expand their payroll and hire additional personnel quickly. Small business owners who are experiencing a rapid growth phase should consider PRN Funding’s factoring services to help even out their cash flow.
Click here to read the entire story: ADP – Small Employers May Be Signaling Recovery.