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December 20, 2022
SURVEY: Ohio Small Businesses Say Inflation, Staffing Will Remain Challenges in New Year
- 61% believe economic conditions will be worse or much worse six months from now, while 36% believe conditions will improve.
- 48% rank inflation as the single most important problem facing their business, followed by the staffing shortage (28%) and supply chain disruptions (11%).
- 73% of NFIB member businesses have had to raise selling prices in the past three months because of higher costs, while 72% of members surveyed said they expect additional price increases in the next three months.
- 47% of NFIB Ohio members reported not getting enough qualified job applicants to fill vacant positions in the past three months; 27% said they didn’t need to hire anyone during the period.
- 36% of NFIB members in the state plan to add staff in the first three months of 2023, while 48% plan to maintain current staffing levels. Only 4% expect to reduce staff, while the rest said the question didn’t apply to their business or they have no employees.
- 49% said they have increased wages in the past three months, while 37% have not. The rest said the question didn’t apply to their business or they have no employees.
- 48% expect to increase wages in the first three months of the new year.
- 72% said at least some of their positions do not require a college or advanced degree.
State:
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