Inflation, Economic Concerns, Remote Work and Technology Challenges
Nine in 10 mid-market CEOs are concerned about the likelihood of a recession, and over a quarter say they have begun laying off employees or plan to do so in the next 12 months. Yet, CEOs say they remain upbeat about their overall business outlook. These are among the findings of the latest CEO survey from Marcum LLP and Hofstra University’s Frank G. Zarb School of Business.
Fifty-four percent of respondents said they are “very concerned” and 39% are “somewhat concerned” that the economy will experience a recession in the coming year. While approximately half of CEOs are taking a wait-and-see approach to staffing, others are employing a mix of strategies to address their needs, with 25.3% saying they have already initiated layoffs or plan to do so in the coming year.
Download Survey Results
Has your business been impacted by rising costs during the current inflationary cycle?
How have you managed increases in your costs?
How concerned are you that the economy will experience a recession in the coming year?
How is a possible recession in the coming year affecting your company’s staffing?
Do you provide your employees the option to work remotely for at least part of the week?
Do you plan to continue to offer your employees the option to work remotely for the foreseeable future?
In your opinion, what are the biggest technology challenges your organization is facing now?
What is your view of the current business environment?
What are the most important influences for your business planning in the next 12 months?