PWC: Global CEO Study

According to a recent study by PricewaterhouseCoopers, nearly 40 per cent of CEOs plan to increase workforce in 2010.

Friday, January 29, 2010

With their worst fears of prolonged recession behind them, CEOs' confidence for future growth has bounced back from the gloomy prospects of a year ago, according to PricewaterhouseCoopers 13th Annual Global CEO Survey.

This rising confidence has translated into a planned boost in recruitment, with nearly 40 per cent of CEOs expecting to increase their headcount this year. Contrasting with 25 per cent of CEOs planning job cuts over the next year, down from nearly half who decreased headcount in the past 12 months.

Overall, the survey found that 81 per cent of CEOs worldwide are confident of their prospects for the next 12 months, while only 18 per cent said they remained pessimistic. The results compare with 64 per cent who said they were confident a year ago and 35 per cent who were pessimistic. Thirty-one per cent of CEOs said they were now "very confident" of their short term prospects, up 10 percentage points from last year, a low point in CEO confidence since PwC began its tracking. The survey results were released at the World Economic Forum annual meeting in Davos.



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