The good news is that there is a correlation between CFO optimism and GDP growth, spending, and employment. The transportation and energy sectors will do the most hiring, especially with skilled labor, professionals, sales and engineers. Estimates are as high as 5% on average. Although manufacturers are avoiding significant hiring by utilizing overtime and increasing efficiency standards, as it simply is not wise to build the production workforce with the amount of uncertainty that still exists.
The number one factor is consumer demand for a recovering economy; weak spending leads to soft demand and tight margins. Inflation is another concern as fuel costs are pushing-up prices across the board. However, all this being said, most CFO's agree that the economy is in a recovery period, and we are bound for greater prosperity; it will just take more time. For more information, please see the article written by Kate O' Sullivan, deputy editor of CFO, called Business Outlook Survey, Spring Fever.
Joel Lesser is a CFO who makes decisions - with his own brand of diligence, integrity and thoughtfulness - that ensure reliable foundations on which businesses and talent may grow.
Acutely aware of the domino effect of change, he constantly asks himself, “Are we not only doing it right, but also are we doing the right thing?”
www.joellesser.com/blog_index.html
Finyear France & International
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Leaders Are Defined by Their Actions
