Employers in Tri-State Area Optimistic on Hiring in 2011

EDISON, N.J.--(BUSINESS WIRE)--CheckPoint HR, the trusted ally in web-based Human Resources management for small to mid-sized companies, today reports that employment for small to medium sized businesses in the Tri-State area grew by 4% in 2010, a substantial improvement from the job losses seen in 2009. The company further noted that job growth grew by 1% in the month of December further evidence that current job creation continues to improve.

“While employment did not rebound as quickly as everyone had hoped for in 2010, hiring did out pace employee terminations which is a good sign for the economy”

CheckPoint HR’s data is polled from its more than 400 customers in the Tri-State area. In December 2010, CheckPoint HR conducted a survey of its customers to determine employer’s outlook for 2011.

According to survey respondents, more than 50% responded that they felt business was better in 2010 than in the previous year. Additionally, 49% responded that they were planning to maintain staff in 2011, while 39% plan to increase staff and 64% are planning to increase salaries in 2011.

“While employment did not rebound as quickly as everyone had hoped for in 2010, hiring did out pace employee terminations which is a good sign for the economy,” said Neil Friedman, CFO, CheckPoint HR. “According to our survey results, employers in the Tri-State area are much more optimistic on employment and business growth for 2011 which is consistent with the data we are seeing so far.”

“We believe that the health and growth of small businesses is the key ingredient for the success of the broader national economy,” continued Friedman. “CheckPoint HR’s sampling of data is a good indicator for the health of small to medium sized businesses in the New Jersey, New York, and Connecticut areas.”

About CheckPoint HR

CheckPoint HR, based in Edison, New Jersey, is the trusted ally in web-based Human Resources management for small to mid-sized companies. The company’s complete portfolio combines payroll, benefits and HR management services with a web-based Human Resource Management System (HRMS) technology platform to offer customers an affordable and centralized solution. This allows small to mid-size companies to improve efficiencies, streamline operations and reduce costs. Clients include Innophos Holding, Inc., New York Organ Donor Network, and Hamon USA. For more information on CheckPoint HR, please visit www.CheckPointHR.com, call 800.385.0331 or follow us on Twitter at http://twitter.com/checkpointhr.