Over 3.2 million customers use QuickBooks.
Sign up for a free trial!
2015-01-14 00:00:00 Staff and Employees English As these small business statistics confirm, SMBs are a significant source of employment in Australia. https://dprotksf3n5y8.cloudfront.net/wp-content/uploads/2017/01/09000848/boss.jpg Business statistics: SMBs as employers - QuickBooks

Business statistics: SMBs as employers

0 min read

Small businesses are a significant source of employment in Australia.

The terms “independent contractor”, “self-employed”, “micro / small business”, “consultant” and “freelancer” are highly interchangeable. However, they all indicate that you run your own small business!

17.2 per cent of the whole Australian workforce is self-employed, and 28 per cent of the private-sector workforce is self-employed.

So, what does a typical small business owner look like? According to the Australian Bureau of Statistics:

– 70 per cent are men.
– 50 per cent are aged between 35 and 54 years, and 28 per cent are over the age of 55.
– 54 per cent work more than 40 hours a week.
– 86 per cent have a say over their start / finish times.
– 48 per cent work weekends.

Of the more than one million independent contractors:

– 73 per cent have more than one contract at any one time.
– 79 per cent do not have employees, but
– 65 per cent are able to subcontract their work.

If you’re planning on taking on subcontractors or staff, we’ve put together some advice on hiring your first employee.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

Related Articles

Simplifying SMB Wins in the 2016 Budget

Article by Jackie Brian, Acting Country Manager for Intuit Australia. The proposed 2016…

Read more

Upskilling in Digital Marketing Is a Must for SMBs

According to research by Deloitte, SMBs with high levels of digital engagement…

Read more

QuickBooks Online Update June 2015

  The EOFY is typically a hectic time of year for most…

Read more