Hiring Plans of CEOs at Highest Level in 3 Years
July 13, 2010
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This is from an unsolicited email that I received today, so take it with a grain of salt. But it does seem to be consistent with my own observations in the workplace.
Here is what it said:
A new survey of chief executives at America's largest companies, conducted by CEO membership association, the Business Roundtable, finds 39 percent of CEOs expect to increase hiring in the next six months. The percentage of CEOs who plan to hire is at the highest level since 2007 when the figure was 42%. “Our member CEOs plan to continue hiring and expect improved sales,” said Ivan G. Seidenberg, Chairman of Business Roundtable and Chairman and CEO of Verizon Communications. “That said, our CEOs are demonstrating some caution in the area of capital expenditures, with fewer planning to increase spending and more keeping it level.”
The study was conducted by Donald Marron, who most recently served as a visiting professor at the Georgetown Public Policy Institute. From 2002 to 2009, he worked in the White House and Congress, serving on the President’s Council of Economic Advisers, as Acting Director of the Congressional Budget Office and as Executive Director of Congress’s Joint Economic Committee. The survey was completed between May 24 and June 14.
There was also a table included that had some additional statistics that I found interesting. The table formatting does not work well in this blog format so I will summarize.
How do you expect your company’s sales to change in the next six months? Increase = 79%
How do expect your company’s U.S. capital spending to change in the next six months? Increase = 43% (No Change = 50%)
How do you expect your company’s U.S. employment to change in the next six months? Increase = 39% (No Change = 43%)
Now I tend to lean towards a cup half-full point of view so I could be naive, but today's market action seems to back up this sentiment.
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