Executives in privately held companies have an increasingly favorable outlook regarding the prospects for the U.S. economy during the first quarter of 2013, according to a survey by PricewaterhouseCoopers (PwC). Among executives surveyed, 50 percent.
xpressed optimism, while only 11 percent were pessimistic, 7 percent decrease from 18 percent expressing pessimism during the last quarter of 2012. Executives also had a more positive outlook on the world economy as well, with 37 percent reflecting optimism – the highest level since the second quarter of 2011.
The better economic outlook as has led to an increase planned hiring. According to the report, a total of 52 percent of private companies plan to hire in the next 12 months. Among hiring managers, a third are looking are looking for trained technology/engineering, business/finance, and sales/marketing professionals.
"Private companies are fueling the job creation that is needed to create a positive force in the economy," saysPwC's Ken Esch. "It's encouraging to see their commitment to increasing headcount as they scale their businesses for further growth … "
Though executive optimism is on the rise and hiring is forecasted to expand, wages remain sluggish. According to Bureau of Labor Statistic figures, hourly wages increased 0.3 percent, seasonally adjusted, from March 2012 to March 2013.
Content provided by executive search organization, MRINetwork.