Regulations
·
One-quarter of small employers find
government regulations a “very serious” problem in operating their business
(Q#1), regulations are a “somewhat serious” problem for another 24 percent of
small employers.
·
Roughly half of small employers have
experienced an increase in the number of regulations they must comply with in
the last three years compared to only 2 percent who experienced a decline
(Q#2).
·
The single greatest regulatory problem
for small employers is the cost of compliance (Q#3). About 28 percent of
small employers cite compliance costs as their largest regulatory issue followed
by 18 percent citing the difficulty of understanding what they must do to
comply. Seventeen percent are most burdened by the extra paperwork required.
·
The volume of regulations is the largest
problem for 55 percent of small employers compared to 37 percent who are most
troubled by a few specific regulations coming from one or two sources (Q#11).
·
One-third of small employers have had a
government official enter their place of business to inspect or examine their
records and/or licenses or otherwise check on their compliance with some
government requirement in the last 12 months (Q#18). For larger small business,
57 percent were visited in the last 12 months compared to 28 percent for the
smallest ones.
·
Over the last three years, 41 percent of
small employers have reached out to talk with someone at a government agency
for help complying with a regulation (Q#19). About 19 percent of small employers
who contacted a government agency were very satisfied with their experience
(Q#20).
·
Almost one-in-ten small employers have
been fined, sued or penalized for a regulatory related violation in the last 3
years (Q#21). Larger businesses are twice as likely to have this occur compared
to smaller ones.
·
Twenty percent find regulations
affecting their business of limited value and 31 percent find them of little or
no value for customers or consumers and not worth the cost of compliance
(Q#22).