Regardless of the economy, family-owned businesses are optimistic about hiring and retaining employees, according to a survey by nonprofit Family Enterprise USA.
In fact, 54 percent of respondents say they plan to hire more workers over the next 12 months. Only 8 percent of respondent report an upcoming work force reduction.
The survey finds longevity and stable leadership are considered components of family-owned businesses as 33 percent of respondents have been in business between 30 and 60 years while 44 percent have been in business for more than 60 years. Of these respondents, more than one-third have had the same executive overseeing their companies for more than 20 years.
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