SURVEY: MAJORITY OF N.J. CEOS EXPECT TO INCREASE HIRING
By Katie Eder/NJBIZ
April 9, 2012
Though nearly 90 percent of CEOs at New Jersey’s small businesses have learned to make their businesses more productive with fewer employees, more than half expect to increase staffing by the first quarter of 2013, according to the state’s results from a national confidence index by Vistage International Inc.
Fifty-one percent of the 96 New Jersey survey responders said they plan to hire more staff in 2012, representing the highest percentage since 2007, though an increase of only 1 percentage point from the first quarter of 2011. To support their projected modest employment growth, nearly three-quarters of those responders anticipate increased sales revenues and profitability — a jump from 54 percent in the first quarter of 2011 — and more than half expect the costs of their products or services to rise.