Seventy-one percent of U.S. CEOs surveyed are more confident about the economy today than a year ago; 86% expect to see economic growth in 2012
February 21, 2012
– Polachi Inc., a provider of Access Executive Search™ services to technology, clean technology, private equity and venture capital companies, today issued the results of its CEO Confidence Survey, which polled over 100 CEOs throughout the United States. The survey revealed 71% of CEOs are more confident and optimistic about the economy today compared to a year ago, despite economic worries in Europe.
In fact, 58% of executives polled are expecting to hire in 2012, while an additional 18% are considering adding employees this year. Among the respondents, one CEO expects to increase headcount by 100 employees in 2012, while another expects a 15-20% increase, and a third CEO expects to add 1,500 new employees (10-15% growth).
“We’ve seen considerable improvements in the economy and our survey reveals that companies are expecting the rebound and economic growth to continue,” said Charley Polachi, Partner at Polachi. “Businesses and CEOs are feeling more and more confident and thus adding people to their payroll to support their business growth.”
While global economic concerns are expected to impact business (46%), only 4% of CEOs surveyed expect economic growth to slow in the next year. With an overwhelming majority of respondents (86%) expecting to see economic growth in 2012, the economy continues to show positive signs of improvement. An additional 22% of the CEOs polled said the 2012 Presidential election will positively impact their business.
Not surprisingly, respondents expect technological advancements and mobile technologies (iPad, tablets and other mobile devices) to aid business growth this year. CEOs cited advances and a better understanding of cloud technology and services to bring economic and strategic benefits to their companies in 2012. Respondents also cited video streaming and conferencing technologies to help grow business. Surprisingly, the housing market has not had a major impact on business with only 9% saying they are having trouble relocating employees. This might be due to the fact that 13% of CEOs polled said they have more employees working remotely.
About Polachi, Inc.
Polachi is the leader in Access Executive SearchTM. Polachi brings reach, access and selection expertise to executive recruiting for technology, clean tech, private equity and venture capital clients. At the end of the day, shareholder value is directly tied to securing the best talent on the planet. Traditional executive search firms limit candidate access due to “off-limit” protocol, while newer search firms don’t have the breadth and depth of connections to the absolute best talent. Polachi’s Access Executive SearchTM eliminates candidate contention so all outstanding candidates are presented versus a self-serving, search firm-driven subset of candidates.
Polachi is a sponsor of the New England Clean Energy Council (NECEC) as well as a founding member of Access Search Partners™ (ASP), a partnership of five leading technology search firms that provides clients with specialist search services on a global scale. For more information about Polachi please call 508-650-9993 or visit www.polachi.com.
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