In hiring, 40% of respondents cited locating talent and 32% cited the lack of skills among applicants as the most significant issues their business faces.
Daily News, January 7, 2015
Net hiring plans were more favorable in the 4th quarter than any other time since the start of 2006, according to today’s Vistage CEO confidence index survey … 62% of respondents plan to expand their workforce in the year ahead, up from 56% in the 4th quarter of 2013 and the highest since the first quarter of 2006.
Only 5% of the CEOs surveyed planned to reduce hiring while 33% expected hiring to remain about the same.
In hiring, 40% of respondents cited locating talent and 32% cited the lack of skills among applicants as the most significant issues their business faces. The high demand for skilled labor, specifically finding, hiring and training staff, was mentioned about 3 times as frequently as financial issues or economic uncertainty, further highlighting the existence of a talent crunch, according to the report.
More than 1,400 small to mid-sized business US CEOs were surveyed for the report. The survey was conducted between December 8-17, 2014.