40% of CEOs expect their companies to grow this year.
The challenges today's corporate leadership face go beyond traditional business concerns. In addition to making sure the business is profitable, CEOs are worrying about R&D challenges, meeting compliance rules, and staying ahead of the curve on customer sentiment, Mother Nature, global unrest and the lingering debt woes facing Europe, according to recent research from PwC. In its "15th Annual Global CEO Survey," PwC highlights some of the top concerns and challenges facing today's chief executives. While many chief executives have confidence in their company's potential for future growth, a number believe that business leaders face ongoing pressures. For example, the competition for what appears to be a shrinking pool of talent is expected to increase. "It is difficult to hire and retain the 'right' employees," says Ed Boswell, the U.S. advisory people and change practice leader at PwC. "Given how crucial talent is to achieving a company's objectives, more CEOs are looking for fresh approaches to attract, engage and retain a workforce that will remain loyal to their company." And current employees could see the biggest benefit from this trend because many firms are looking to promote from within. More than 1,250 chief executives from 60 nations took part in the research. For more about the survey, click here.
Dennis McCafferty is a freelance writer for Baseline Magazine.
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