Seventy-one percent of CEOS are more confident regarding the economy than they were from last year, regardless of Europe's troubles, according to the CEO Confidence Survey by Polachi Inc.
The survey also reveals 58 percent of respondents expect to hire this year, and another 18 percent are considering adding employees in 2012. One respondent even plans to increase the company's headcount by 100 employees in 2012 while another expects a 15 percent to 20 percent increase. A third respondent anticipates adding 1,500 new employees for a 10 percent to 15 percent growth.
"We've seen considerable improvements in the economy, and our survey reveals that companies are expecting the rebound and economic growth to continue," says 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."
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Although 46 percent of respondents believe global economic concerns could affect business, only 4 percent expect economic growth to slow in the next year. In fact, 86 percent of respondents anticipate seeing economic growth in 2012, and 22 percent say the 2012 presidential election will positively impact their businesses.
Respondents also say they believe technological advancements and mobile technologies, such as iPads, tablets and other mobile devices, will help business growth this year, citing advances and a better comprehension of cloud technology and services, which will bring economic and strategic benefits to their companies in 2012. Video streaming and conferencing technologies are also expected to help grow business, respondents say.
According to the survey, the housing market has not had much of an effect on business as only 9 percent of respondents report having difficulties relocating employees. This could be attributed to the fact that 13 percent of respondents say more employees are working remotely.
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