According to a new survey from staffing agency KPMG, 76 percent of Minneapolis-based business owners feel that their profits will increase throughout the year. This statistic is up from 67 percent last year, showing increased confidence in the economy.
This confidence is also translating into new jobs, as 48 percent of respondents plan to expand their workforce in the year, which is up 13 percent from last year.
"Although business leaders continue to voice concerns about economic uncertainty, they are moving their businesses forward in this 'new normal,' post-recession environment and are voicing more confidence as a result," said KPMG Minneapolis managing partner George Kehl.
As a result, these companies may need to use custom database software to maintain an accurate account of their employees, payroll and tax information. If not, they may end up in hot water much like a Chipotle branch based in Minnesota. In May, Immigration and Customs Enforcement (ICE) forced the company to terminate roughly 450 workers due to invalid documents.
Throughout the investigation, which started in 2010, Chipotle was able to produce over 300,000 pages of documents for ICE's review, according to BusinessWeek. Throughout all documents, the company could still not provide sufficient proof for the validity of 450 employees' documents.
This probe also came at the same time that the Mexican restaurant chain was suing the Department of Homeland Security's E-verify program, which also validates the documents that are provided by potential citizenship.
Clearly, the importance of maintaining appropriate and verified documents is huge not only in Minnesota, but anywhere. Companies that want to ensure they are able to do so may want to consult a FileMaker developer to create custom database software that's designed specifically for their company's needs.