NORTH CAROLINA SMALL BUSINESSES SUPPORT EXPANDING OCCUPATIONAL LICENSING FOR JUSTICE-IMPACTED INDIVIDUALS
Publisher: Small Business Majority
Date: Wednesday, April 3, 2024
Introduction
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Small businesses are the foundation of North Carolina’s economy: The state’s one million small businesses comprise 99.6% of all businesses in the state, and they employ 44.5% of the state’s private-sector workforce. Despite their outsized impact on the economy, small businesses in North Carolina continue to struggle to hire and retain a workforce, limiting their stability and growth.
Top Threats to Small Businesses
So, what are the top threats facing small businesses in 2024? The Quickbooks Insights report outlined these three:
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Economy. Overall, more than nine out of 10 small businesses (96%) are concerned about inflation
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Labor Shortage. Americans quit their jobs at a record rate In August, with around 4.3 million people leaving their jobs
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Supply Chain. Supply chain issues, which began with the outbreak of the pandemic, hurt the economy by decreasing supplies and increasing the cost of goods. Published by: " The Street"
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Financial Wellness Plans
Today, 57% of employees say that finances are the leading cause of stress in their lives. Stress can cause health issues but can also significantly impact productivity and job satisfaction. There are several ways you can help integrate financial wellness into your benefits package.
Benefits for Mental Health and Well-Being
Over 90% of Americans believe employer-sponsored mental health coverage is, or would be, an important part of workplace culture. Many SMBs recognize the importance of these benefits, as they can help promote psychological resilience, stress management and other mental health concerns.
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Let us show you how to include this at no extra cost to you in a plan!