Small Business and Work-Family

Small Business: small vs. large employers, retirement plan contributions (2008)

Statistic: 

Small employers with 50 to 99 employees are less likely than large employers with over 1,000 employees to offer benefits that enhance employees’ economics security. For example, 92% of large employers offer a company contribution to a retirement plan compared to 73% of small employers. (Families and Work Institute, 2008).

Source: 

Galinsky, E., Bond, J.T., & Sakai, K. with Kim, S.S., & Giuntoli, N. (2008). 2008 national study of employers. Retrieved from http://www.familiesandwork.org/site/research/reports/2008nse.pdf

Description: 

“The 2008 NSE sample includes 1,100 employers with 50 or more employees--77 percent are for profit employers and 23 percent are nonprofit organizations; 40 percent operate at only one location, while 60 percent have operations at more than one location (Families and Work Institute, 2008)."

Small Business: caregiving leaves, trends (2008)

Statistic: 

Data from the 1998 and 2008 National Study of Employers show no statistically significant change in caregiving leaves offered by employers with 100 or more employees. (Families and Work Institute, 2008)

Source: 

Galinsky, E., Bond, J. T., & Sakai, K., with Kim, S. S., & Giuntoli, N. (2008). 2008 National Study of Employers. Retrieved from http://www.familiesandwork.org/site/research/reports/2008nse.pdf

Description: 

“The 2008 NSE sample includes 1,100 employers with 50 or more employees-77 percent are for profit employers and 23 percent are nonprofit organizations; 40 percent operate at only one location, while 60 percent have operations at more than one location (Families and Work Institute, 2008).

Small Business: prevalence, US (2007)

Statistic: 

Small firms (those with fewer than 500 employees) represent 99.7% of all employers in the country (Kobe, 2007).

Source: 

Kobe, K. (2007). The small business share of GDP, 1998-2004. U.S Small Business Administration, Office of Advocacy. Retrieved from http://www.sba.gov/advo/research/rs299tot.pdf

Description: 

This study by the Small Business Administration examined small businesses’ contribution to gross domestic product.


Small Business, Definition(s) of

“The Office of Advocacy defines a small business for research purposes as an independent business having fewer than 500 employees” (U.S. Small Business Administration, n.d.).

“The Small Business Act states that a small business concern is ‘one that is independently owned and operated and which is not dominant in its field of operation.’ The law also states that in determining what constitutes a small business, the definition will vary from industry to industry to reflect industry differences accurately. SBA's Small Business Size Regulations implement the Small Business Act's mandate to SBA. SBA has also established a table of size standards, matched to North American Industry Classification System (NAICS) industries (U.S. Small Business Administration, n.d.)”

“An organization that is small in relation to the potential market size, managed by its owners, and not part of a larger organization. There is no single official definition of what constitutes a small business. A standard definition for the size of small business is one having fewer than 100 employees (BNET Business Directory, n.d.).

While there is no universal definition of what constitutes a small business, approximately 80% of U.S. businesses have fewer than 20 employees (U.S. Census Bureau, 2004).

Glossary Source: 

U.S. Small Business Administration, Office of Advocacy. (n.d.). FAQ’s: Advocacy small business statistics and research. Retrieved from http://web.sba.gov/faqs/faqindex.cfm?areaID=24.

U.S. Small Business Administration, Office of Advocacy. (n.d.).What is small business. Retrieved from http://www.sba.gov/category/navigation-structure/contracting/contracting-officials/eligibility-size-standards.

Small business. (n.d.). In BNET business directory. Retrieved from http://dictionary.bnet.com/definition/Small+Business.html

U.S. Census Bureau. (2004). Statistics about business size (including small business) from the U.S. Census Bureau. Retrieved from http://www.census.gov/epcd/www/smallbus.html

Microenterprise, Definition(s) of

“A small business with fewer than 5 employees and less than $250,000 in revenue” (CFED).

Glossary Source: 

CFED. (n.d.). Glossary. Retrieved from http://www.cfed.org/focus.m?parentid=2&siteid=374&id=687

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