Tuesday, 01 March 2011
An international survey of chief executives has revealed that more than half of them intend to restart a robust recruitment process within the next 12 months.
Some 51 per cent of the 1,201 chief executives in 69 countries surveyed in the poll, said that they expected to hire again within the next 12 months - up from just 39 per cent the same time last year.
The survey, which was carried out by financial services company, PricewaterhouseCoopers, showed that emerging markets in the Asia-Pacific region were being viewed by Western European bosses as having the most potential for revenue growth. The USA, however, was still the second most lucrative growth market after China.
Of chief concern among the chief executives, however, was a limited supply of candidates with appropriate skills in areas such as China, India and some parts of Latin America.
The report said, "As a result, talent is at the top of the agenda for global CEOs.
"Voluntary turnover declined in mature economies during the recession, but historical trends demonstrate that it will return," it added.
Recruiting younger employees into workforces was seen as a problem by 54 per cent of the executives, with 52 per cent also concerned about losing top talent to rivals.
article by online recruitment agency Recruitment Genius