San Diego—Nearly two-thirds of CEOs expect the pace of economic growth this year will continue to be strong enough to justify the expansion of their companies’ work forces, according to the latest TEC Confidence Index report from TEC International.
The index, however, dipped to 109.8 for the first quarter, from 111.8 in the previous quarter. The index is based on a quarterly survey of more than 2,000 CEOs on issues such as the economy and government policies.
The latest survey found that 50% of CEOs expect economic conditions to be better than they are today for the remainder of the year. Last quarter, 58% expected conditions to improve for the remainder of the year.
Finding qualified job candidates continues to be the top area of concern for CEOs, while health care costs are viewed as critical to future hiring plans.