CBIZ


Associated tags: Accounting, Insurance, Professional Services, CBZ, Human Resources, Finance, Consulting, Small Business, NYSE, Index

Locations: PHILADELPHIA, CALIFORNIA, COLORADO, PA, OHIO, SOMERSET, UNITED STATES, NORTH AMERICA, READING, CENTRAL

September Hiring Data Reveals Minor Pullback in Small Business Hiring

Retrieved on: 
Tuesday, October 10, 2023
Public Policy, Government, Data Analytics, Human Resources, Data Management, Small Business, Labor, Professional Services, Technology, Index, Creative Commons, Bureau of Labor Statistics, Transport, Employment, CFA, ADP, Public utility, Small business, Administration, Tata Business Support Services, Workforce, Trilogy Education Services, Growth, Bureau, Recreation, Entertainment, BLS, Labour, Management, Financial adviser, Shipbuilding, Points of the compass, Mining

The CBIZ SBEI tracks payroll and hiring trends for over 3,200 companies that have 300 or fewer employees, providing broad insight into small business trends.

Key Points: 
  • The CBIZ SBEI tracks payroll and hiring trends for over 3,200 companies that have 300 or fewer employees, providing broad insight into small business trends.
  • Meanwhile, the ADP employment report indicated hiring growth among small and medium-sized companies.
  • But, reduced discretionary spending can also be a headwind for small businesses, and impact hiring overall.”
    To view an infographic with data from the employment index, visit the CBIZ website .
  • * The data revealed that 67% of small to mid-sized businesses anticipate further economic decline, with cash flow concerns at the forefront.

CBIZ TO ANNOUNCE THIRD-QUARTER 2023 RESULTS ON OCTOBER 26, 2023

Retrieved on: 
Thursday, October 12, 2023
NYSE, Webcast, Insurance, CBZ, Cryptocurrency

CLEVELAND, Oct. 12, 2023 /PRNewswire/ -- CBIZ, Inc., (NYSE: CBZ) ("the Company") a leading provider of financial, insurance and advisory services, will announce its financial results for the third quarter ended September 30, 2023, before markets open on Thursday, October 26, 2023.

Key Points: 
  • CLEVELAND, Oct. 12, 2023 /PRNewswire/ -- CBIZ, Inc., (NYSE: CBZ) ("the Company") a leading provider of financial, insurance and advisory services, will announce its financial results for the third quarter ended September 30, 2023, before markets open on Thursday, October 26, 2023.
  • A conference call to discuss the Company's financial results will be hosted by CBIZ President and CEO Jerry Grisko and CFO Ware Grove at 11 a.m. (ET) on Thursday, October 26, 2023.
  • The conference call will be webcast live on the investor relations page of the CBIZ website at https://cbiz.gcs-web.com/investor-overview .
  • Investors can register at https://dpregister.com/sreg/10182964/fa8d77e7d8 to receive the dial-in number and a unique personal identification number.

Cash Flow Concerns Rise as SMBs Brace for Economic Downturn

Retrieved on: 
Tuesday, September 19, 2023
Insurance, Human Resources, Finance, Consulting, Transport, Professional Services, Small Business, Logistics, Supply Chain Management, Retail, Workforce, Main Street, Eye, CBZ, Luigi, Pulse, PPP, Holiday, Growth, NYSE, Q3, Q2, Index

While most businesses expect the economy to continue its current downturn, additional data points to some concerns on Main Street, notably with cash flow and higher borrowing rates.

Key Points: 
  • While most businesses expect the economy to continue its current downturn, additional data points to some concerns on Main Street, notably with cash flow and higher borrowing rates.
  • While down seven percent from Q2, still two in three (67%) SMBs expect an economic downturn.
  • Sixty-five percent of businesses felt moderately to very confident that they have the cash flow sufficient to continue operations in the event of a down market or other market disruption.
  • “Cash flow is the lifeblood of any business and is what stands between growing and going bankrupt.

Small Business Hiring Shows Mild Uptick in August

Retrieved on: 
Thursday, September 7, 2023
Small Business, Professional Services, Human Resources, BLS, Small business, Employment, CFA, Bureau of Labor Statistics, ADP, Bureau, Weakness, QLT Consumer Lease Services, Transport, Information Communications Technology education in the Philippines, Index, Educational service district (Washington), Information, Creative Commons, Growth, Management, Labour, Employment agency, Points of the compass

After a steep decline in hiring in July, August saw a mild recovery in small business hiring.

Key Points: 
  • After a steep decline in hiring in July, August saw a mild recovery in small business hiring.
  • The CBIZ SBEI tracks payroll and hiring trends for over 3,200 companies that have 300 or fewer employees, providing broad insight into small business trends.
  • “While August's SBEI report noted a slight increase in small business hiring, it's evident we haven't fully rebounded from the prior month's losses,” said Anna Rathbun, CFA, Chief Investment Officer, CBIZ Investment Advisory Services, LLC.
  • Small businesses accounted for an increase of 18,000 of those jobs on a seasonally adjusted, month-over-month basis, which was the weakest gain in small business hiring since the beginning of the year.

Small Businesses Report Significant Hiring Decline in July

Retrieved on: 
Tuesday, August 8, 2023
Professional Services, Public Policy, Government, Small Business, Other Professional Services, Human Resources, Labor, BLS, Recreation, Small business, Foodservice, Employment, CFA, Household, ADP, Retail, Risk and Insurance Management Society, Bureau of Labor Statistics, Bureau, Weakness, Leg, Index, Trilogy Education Services, HS, Creative Commons, Reading, Growth, Entertainment, Establishment, General Household Survey, Labour, Music, Management, Tourism, Insurance

Meanwhile, the ADP employment report indicated hiring growth among small and medium-sized companies.

Key Points: 
  • Meanwhile, the ADP employment report indicated hiring growth among small and medium-sized companies.
  • The ADP report counts small businesses as companies with 49 or fewer employees, while the CBIZ SBEI uses data from companies with 300 employees or fewer.
  • The West (-5.55%) reported the most significant decline in hiring, followed by the Central (-2.10%) Southeast (-1.84%) and Northeast (-0.56%) regions.
  • Small business hiring in July experienced a dramatic reversal from the strength in hiring observed in June.

CBIZ REPORTS SECOND-QUARTER AND FIRST-HALF 2023 RESULTS

Retrieved on: 
Thursday, July 27, 2023
Insurance, Table, CBZ, GAAP, Accounting, Retirement, Acquisition, EPS, NYSE, Cryptocurrency, Security (finance), Pharmaceutical industry, Bank, Adjustment

CLEVELAND, July 27, 2023 /PRNewswire/ -- CBIZ, Inc., (NYSE: CBZ) ("CBIZ" or the "Company"), a leading provider of financial, insurance and advisory services, today announced results for the second quarter ended June 30, 2023.

Key Points: 
  • CLEVELAND, July 27, 2023 /PRNewswire/ -- CBIZ, Inc., (NYSE: CBZ) ("CBIZ" or the "Company"), a leading provider of financial, insurance and advisory services, today announced results for the second quarter ended June 30, 2023.
  • For the 2023 second quarter, CBIZ recorded revenue of $398.5 million, an increase of $36.6 million, or 10.1%, compared with $362.0 million reported for the same period in 2022.
  • For the six months ended June 30, 2023, CBIZ recorded revenue of $853.1 million, an increase of $99.4 million, or 13.2%, over the $753.7 million recorded for the same period in 2022.
  • Acquisitions, net of divestitures, contributed $45.5 million, or 6.0%, to revenue growth in the six months ended June 30, 2023.

CBIZ TO ANNOUNCE SECOND-QUARTER AND FIRST-HALF 2023 RESULTS ON JULY 27, 2023

Retrieved on: 
Wednesday, July 12, 2023
Insurance, Webcast, CBZ, NYSE, Cryptocurrency

CLEVELAND, July 12, 2023 /PRNewswire/ -- CBIZ, Inc., (NYSE: CBZ) ("the Company") a leading provider of financial, insurance and advisory services, will announce its financial results for the second quarter ended June 30, 2023, before markets open on Thursday, July 27, 2023.

Key Points: 
  • CLEVELAND, July 12, 2023 /PRNewswire/ -- CBIZ, Inc., (NYSE: CBZ) ("the Company") a leading provider of financial, insurance and advisory services, will announce its financial results for the second quarter ended June 30, 2023, before markets open on Thursday, July 27, 2023.
  • A conference call to discuss the Company's financial results will be hosted by CBIZ President and CEO Jerry Grisko and CFO Ware Grove at 11 a.m. (ET) on Thursday, July 27, 2023.
  • The conference call will be webcast live on the investor relations page of the CBIZ website at https://cbiz.gcs-web.com/investor-overview .
  • Investors can register at https://dpregister.com/sreg/10180368/f9d02de210 to receive the dial-in number and a unique personal identification number.

Small Businesses Experienced Robust Hiring Gains in June

Retrieved on: 
Tuesday, July 11, 2023
Professional Services, Small Business, Insurance, Human Resources, Finance, Consulting, Accounting, Recreation, Small business, Employment, CFA, ADP, Bureau of Labor Statistics, Bureau, Tata Business Support Services, QLT Consumer Lease Services, Index, Administration, Creative Commons, Growth, Entertainment, Renting, Labour, Management, Points of the compass

Seasonal trends contributed to the employment gains as the summer months typically require additional hiring in recreational activities.

Key Points: 
  • Seasonal trends contributed to the employment gains as the summer months typically require additional hiring in recreational activities.
  • The CBIZ SBEI tracks payroll and hiring trends for over 3,200 companies that have 300 or fewer employees, providing broad insight into small business trends.
  • “June’s employment data for small businesses shows a robust labor market where employers are hiring at a healthy pace amid a skilled labor shortage,” said Anna Rathbun, CFA, Chief Investment Officer, CBIZ Investment Advisory Services, LLC.
  • Administration and Support Services, Arts, Entertainment and Recreation, and Rental and Leasing Services experienced the most notable hiring gains.

CBIZ ACQUIRES AMERICAN PENSION ADVISORS

Retrieved on: 
Wednesday, July 5, 2023
APA, Insurance, CBZ, Acquisition, Retirement, NYSE, Financial adviser

CLEVELAND, July 5, 2023 /PRNewswire/ -- CBIZ, Inc. (NYSE: CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, announced today that it has acquired American Pension Advisors, Ltd. ("APA") of Indianapolis, IN, effective July 1, 2023.

Key Points: 
  • CLEVELAND, July 5, 2023 /PRNewswire/ -- CBIZ, Inc. (NYSE: CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, announced today that it has acquired American Pension Advisors, Ltd. ("APA") of Indianapolis, IN, effective July 1, 2023.
  • Jerry Grisko, President and CEO of CBIZ, said, "The acquisition of American Pension Advisors brings valuable talent, expertise, and capacity to bolster our growing Retirement Investment Services business.
  • David Behrmann, of APA, stated, "We are so excited to join forces with a nationally recognized company like CBIZ.
  • We look forward to offering the additional services and expertise of CBIZ to help our clients grow and succeed.

Small Businesses Experienced a Hiring Boost in May

Retrieved on: 
Tuesday, June 6, 2023
Professional Services, Public Policy, Government, Small Business, Insurance, Human Resources, Finance, Labor, Small business, Foodservice, CFA, ADP, Bureau of Labor Statistics, Bureau, Tata Business Support Services, QLT Consumer Lease Services, Callaway Arts & Entertainment, Index, Administration, Creative Commons, Growth, Renting, Labour, Management, Retail, Sales, Recreation, Points of the compass, Mining

Small businesses remain focused on hiring and retaining talent as demand increases in the summer season.

Key Points: 
  • Small businesses remain focused on hiring and retaining talent as demand increases in the summer season.
  • The CBIZ SBEI tracks payroll and hiring trends for over 3,200 companies that have 300 or fewer employees, providing broad insight into small business trends.
  • Small businesses accounted for an increase of 235,000 of those jobs on a seasonally adjusted, month-over-month basis.
  • Industries at-a-glance: Accommodation and Food Services, Administration and Support Services, Arts, Entertainment, and Recreation, and Rental and Leasing Services experienced hiring gains.