hiring

According to the stats provided by PayNet, borrowing by small businesses in the United States increased at a record pace in May, which is a good sign of that economic growth is accelerating.

Meantime, the Thomson Reuters/PayNet Small Business Lending Index which measures the overall volume of financing to U.S. small businesses increased by 26% in May from a year earlier.

Small businesses borrowing is a significant support for the economy because they give about 80% of hiring. The loans PayNet tracks are typically used to buy or update plants and equipment.

 According to a new study, employees recruitment will be a top priority for many US companies after the economy returns to normal state. Over 30% of senior executives representing largest American companies say that staff enlargement will be first in the list of their tasks, reports the survey.

Meantime, 21% say they will increase salaries to their existing workers and 15% say they will increase or reinstitute bonuses.

 Goldman Sachs Group announced its plans to hire up to 200 employees for its asset management unit, as reported by Goldman’s spokeswoman on Sunday. The division has about $820 billion under management and the hiring started three months ago.

"We are moving back on the offensive," the Financial Times quoted Marc Spilker, Goldman's co-head of investment management business, as saying.

The paper reported that Goldman plans to expand its investment management business organically instead of through acquisitions.

According to the Washington Post and New York Times, both citing sources familiar with the investigation, Google, Apple, Yahoo, Genentech and several other tech companies are subject to a probe by the U.S. government to determine if the companies agreed not to hire away top talent from one another. Analysts say non-compete agreements are often signed with employees in response to lawsuits surrounding high-profile executives switching companies.