Wisconsin CEOs are bullish about Wisconsin heading into 2012, with 94 percent saying the state is heading in the right direction, but executives increasingly cite recalls and political instability as a business concern, a survey of WMC members found.
Eighty-six percent of those surveyed say the state is pro-business. Other highlights from the survey include:
- 44 percent of executives plan to add jobs in the next six months
- 43 percent of executives say their companies are having trouble hiring employees despite high unemployment
- 43 percent of employers offering salary hikes of 2 percent or less. But, wage hikes of 2.1 to 3 percent were forecast by 31 percent of respondents. Wage hikes of 3 to 3.5 percent were predicted by 22 percent of CEOS.
- 38 percent of employers plan to expand in Wisconsin during the next two years
WMC conducted the online survey of 1,167 CEOs in late November. WMC received 281 responses from all sectors and small, medium and large employers. The survey is statistically valid. Complete WMC Economic Outlook Survey results are available at www.wmc.org.