Cbiz Inc Stock Price, News & Analysis

The CBIZ Small Business Employment Index reported a 0.95% decrease in hiring for January, reversing December's gains. This index tracks trends for over 3,500 small businesses. The decline is attributed to factors including a surge in omicron cases and typical seasonal hiring patterns. Notably, small businesses shed 144,000 jobs, while the Central and Northeast regions saw the largest declines. In contrast, gains were noted in Mining and Rental and Leasing. The report indicates ongoing challenges for small businesses, with potential for recovery as COVID-19 cases decline.

CBIZ, a leading provider of financial, insurance, and advisory services, plans to announce its fourth quarter and full year results for 2021 on February 17, 2022. The announcement will occur before market opening. A conference call, featuring President Jerry Grisko and CFO Ware Grove, is scheduled for 11 a.m. ET on the same day to discuss the financial results. Investors can listen via webcast on the CBIZ investor relations page, and a replay will be available afterwards.

The Q4 2021 CBIZ Main Street Index highlights significant trends affecting small and mid-sized businesses. The survey indicates that 90% of small businesses struggle to hire, with many enhancing pay and benefits to attract talent. Changes in compensation methods are prioritized by 27% of respondents. Inflation poses a growing concern, with 57% citing it as a top issue. Conducted from Nov. 30 to Dec. 31, 2021, the survey reflects the ongoing impact of the pandemic on employee dynamics and business strategies in the U.S.

CBIZ, Inc. (NYSE: CBZ) announced the acquisition of the non-attest assets of Marks Paneth LLP, effective January 1, 2022. This transaction is projected to add approximately $138 million in revenue for 2022, enhancing earnings per share by an estimated $0.10, growing to $0.20-$0.25 by 2025. The acquisition is expected to provide significant synergies, especially in the real estate and not-for-profit sectors, expanding CBIZ's national footprint. A conference call to discuss the acquisition is scheduled for January 12, 2022, at 10:00 AM EST.

The CBIZ Small Business Employment Index (SBEI) indicated a 1.05% increase in hiring for December, signaling a rebound after a November decline. This index monitors payroll trends among small businesses, encompassing over 3,700 companies with 300 or fewer employees.

Notable job growth was observed across all regions, with the Central region leading at 2.88%. Sectors like Insurance, Healthcare, and Retail saw substantial hiring, while Education and Agriculture faced declines. Continued job growth is expected despite some concerns regarding COVID-19 variants.

CBIZ, Inc. (NYSE: CBZ) has announced the opening of nominations for its second-annual Women Transforming Business Award, aimed at honoring women leaders who have significantly impacted their organizations. The award, part of CBIZ Women’s Advantage (CWA), recognizes contributions in financial, cultural, or innovative domains. Nominations will close on January 31, 2022, with finalists revealed on International Women’s Day, March 8, 2022. The winners will be announced in a virtual event at the end of April 2022, further emphasizing CBIZ's support for women in business.

The CBIZ Small Business Employment Index (SBEI) reported a seasonally adjusted hiring decrease of -0.25% in November, reversing positive trends from September and October. This decline was anticipated as part of seasonal trends as businesses prepare for the holiday season. Despite this, the ADP and Moody’s report indicated an overall increase of 534,000 private-sector jobs in November, with small businesses contributing 115,000 jobs. The West region experienced strong growth at 3.15%, while the Southeast and Northeast saw minor declines.

The CBIZ Small Business Employment Index (SBEI) showed a seasonally adjusted increase of 1.07% in October, reflecting a positive shift from September's hiring trends. The index monitors employment patterns across over 3,700 small businesses with 300 or fewer employees. Notable hiring occurred primarily in the West (2.09%), Southeast (1.49%), and Northeast (1.35%) regions, with industries like Accommodations and Food Services and Construction leading the gains. However, staffing shortages remain a challenge for 52.8% of small businesses.