Small business owners are feeling more optimistic than ever, with a significant jump in confidence driven by the recent election and interest rate cuts.
According to the report, a big majority (74%) of respondents reported sharing employees' job levels, while just 58% said they share variable pay opportunities.
Currently, about 60% of employers either agree or strongly agree that their employees are highly engaged, which represents a 3% rise over the last three years.
Employers generally turn to direct contracting expecting lower costs, shared savings, and easy implementation. Most respondents reported expecting savings between 6% to 20%.