In the KPMG 2022 CEO Outlook survey, there have been finding regarding hiring freeze and headcount reductions under heavy consideration for CEOs.
With continued economic turmoil, there are signs the Great Resignation could be cooling down, with 39 percent of CEOs have already implemented a hiring freeze, and 46 percent considering downsizing their workforce over the next 6 months.
However, the three-year view is more optimistic with only 9 percent expecting a further reduced headcount.
Fourteen percent of senior executives identify a recession among the most pressing concerns today — up slightly from early 2022 (9 percent), while pandemic fatigue tops the list (15 percent).
Over the next year, more than 8 out of 10 (86 percent) global CEOs anticipate a recession to hit, with 71 percent predicting it will impact company earnings by up to 10 percent.
A strong majority of senior executives believe that a recession will disrupt anticipated growth (73 percent). However, three-quarters (76 percent) have already taken precautionary steps ahead of a looming recession.
A substantial number (14 per cent) of senior executives identify a recession among the most pressing concerns today — up slightly from early 2022 (9 per cent), while pandemic fatigue tops the list (15 per cent).
Over the next year, more than eight out of 10 (86 per cent) global CEOs anticipate a recession, with 71 per cent predicting it will impact company earnings by up to 10 per cent.
A strong majority of senior executives believe a recession will disrupt anticipated growth (73 per cent). However, three-quarters have already taken precautionary steps.
Despite the concerns, senior executives also feel markedly more confident about the resilience of the economy over the next six months (73 per cent) than they did in February (60 per cent), when KPMG surveyed 500 CEOs for its CEO Outlook Pulse survey.
Further, 71 per cent of leaders are confident about the global economy’s growth prospects over the next three years (up from 60 per cent in early 2022) and nearly nine in 10 (85 per cent) are confident about their organisation’s growth over the next three years.
The survey asked more than 1,300 CEOs at the world’s largest businesses about their strategies and outlook, and included leaders from 11 key markets: India, China, US, UK, France, Germany, Italy, Japan, Canada, Australia and Spain.
