Cash Flow Concerns Rise as SMBs Brace for Economic Downturn - Seite 2

• Some companies are unable to utilize the full workforce: Almost 30% of companies indicated their workforce was not fully utilized. Over 20% are retaining their underutilized workforce to pit against possible future needs.
  

• Layoffs inch up: Eighteen percent of SMBs reported layoffs this quarter, though just about 12.5% of that group shared the cuts had only a slight impact on their business operations. This percentage of businesses reporting layoffs rose just two percent from Q2 but has increased almost seven percent from Q1.
  
  
• Employee Turnover: More than 54% of businesses reported an increase in workers leaving their business, up from around the 50% mark in both the first and second quarters.

“Looking toward the holidays and year end, we’re keeping an eye on whether businesses will meet expectations they set for sales. There is uncertainty as to whether consumers will meet those expectations. If consumer spending comes back stronger than expected, that could be a positive sign for the economy,” says Rathbun.

*Note: Not all those surveyed in the CBIZ Main Street Index are clients of CBIZ.

About CBIZ

CBIZ, Inc. provides professional business services that help clients better manage their finances and employees. CBIZ provides its clients with financial services, including accounting, tax, financial advisory, government health care consulting, risk advisory, real estate consulting and valuation services. Employee services include employee benefits consulting, property and casualty insurance, retirement plan consulting, payroll, life insurance, HR consulting and executive recruitment. As one of the largest accounting, insurance brokerage and valuation companies in the United States, the Company’s services are provided through more than 120 Company offices in 33 states. For more information, visit www.cbiz.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230919693933/en/

The CBIZ Stock at the time of publication of the news with a raise of 0,00 % to 50,50EUR on Tradegate stock exchange (18. September 2023, 12:32 Uhr).