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Laid-off workers find small business appealing

Employees who formerly worked for large companies are now finding small business to be appealing and are increasingly seeking work in the small business sector, according to a recent survey by CareerBuilder, a Web-based employment company. The survey showed that 22% of workers laid off from full-time jobs in the last 12 months found jobs with small businesses and another 59% said they were interested in working for a small business.

According to the U.S. Small Business Administration, small businesses employ half of all workers in the private sector and furnish half of the private gross domestic product. They also account for most of the nation’s new job creation.

“Small businesses will play a critical role in the rebuilding of the U.S. job market,” said Brent Rasmussen, president of CareerBuilder North America. “As drivers of innovation, small businesses will help to re-energize the economy and support recovery efforts. In turn, workers will find that working for a small business can provide a wealth of experience in a variety of roles, a competitive compensation structure, a flexible work environment and more.”

In addition to job growth potential, when asked what most appealed to them about working for small companies, workers pointed to:

• A family-like work environment (56%),

• More employee recognition (49%),

• A sense that you can make a difference (48%), and

• An absence of corporate red tape (46%).

The economic situation is also fueling some workers to create their own opportunities. Of workers who were laid off in the last year and have not found jobs, 29% are considering opening their own businesses.

This survey was conducted online within the U.S. by Harris Interactive on behalf of CareerBuilder among 921 U.S. workers who were laid-off from full-time jobs in the last 12 months ages 18 and over between May 22 and June 10, 2009.

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