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January 23, 2022

CEOs expect increase in number of employees

Almost half (46 percent) of Romanian CEOs expect an increase in the number of employees. The percentage is higher than the European one (where 42 percent of CEOs plan expanding the number of employees), as well as the one in Central and Eastern Europe (33 percent), according to the 17th edition of the PwC Global CEO Survey. Globally, CEOs are slightly more ambitious about hiring staff, with half of respondents envisaging increases.
At the same time, almost one third (32 percent) of Romanian CEOs expect a decrease in the number of employees this year, one of the highest percentages in the world after that of Italy (43 percent), Australia (39 percent) and Spain (37 percent). Globally, 20 percent of CEOs foresee a decrease in their staff numbers, while in the CEE the level is of 28 percent.
The availability of talented employees is seen as a major challenge by CEOs worldwide. Most respondents (63 percent) see this as a potential risk. Romanian CEOs are becoming more and more concerned with this issue, with the number of those indicating this as a risk increasing to 59 percent.
The second most acute risk is the increase in labour costs on high economic growth markets, indicated by 58 percent of the respondents.
92 percent of the CEOs have mentioned technological breakthroughs as one of the three main global trends that will transform their companies in the next five years. The percentage is higher than the Global and European ones (81 percent). Both climate change and resource shortages have been mentioned by 51 percent of the Romanian CEOs, while urbanisation was mentioned by 47 percent of them.

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