Small Business Survey Round 2

We recently shared the results of a survey conducted among 1,000 small and midsized businesses about how they’ve been affected by the Covid-19 pandemic and their outlook for the future. Now that some things have changed, such as the passage of the CARES Act, the Paycheck Protection Program loans, and a few weeks of experience, we’re back with a second round of survey results! A few key numbers that jump out:

  • Nearly 2/3 of businesses have started to apply for SBA assistance
  • 1/5 of small businesses are now providing virtual services
  • Nearly 2/3 of small businesses think it will take 3 months or longer to return to pre-pandemic business

See the full results at https://bit.ly/2VrplqA!

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ADP is one of the world’s largest HR organizations. We are leaders in HR outsourcing, systems and solutions – in everything from basic payroll, benefits and record keeping to complex tools for recruiting, compensation, succession planning and data analytics. We focus on what we do best – be it systems, process or compliance – so you can concentrate on what your business does the best – because thriving businesses succeed with motivated and empowered people. We know your purpose isn’t simply better process – it’s building a business on a better workforce.