Editor's note - There are two graphs associated with this release.
Express Employment Professionals released new survey results revealing business leaders' business performance predictions for 2016.
Business leaders were asked, "What are your business performance predictions for 2016?" Of those surveyed, 50 per cent said, "We will see moderate growth." Another 16 per cent predict "exponential growth," while 18 per cent expect to "remain steady, but unchanged." Just 13 per cent said they "will likely experience a decrease in business activity."
This shows business leaders are overall more optimistic at the end of 2015 than they were at the conclusion of 2014. Fewer are predicting a decrease in business activity, while more are predicting growth. Nevertheless, the picture is not quite as positive as at the end of 2013, when only seven per cent of respondents expected a decrease in business activity for the year ahead.
"Many companies faced their share of challenges in 2015, but by and large, business leaders have high expectations for 2016," said Bob Funk, CEO of Express. "A full two-thirds expect growth. That confidence is itself a positive sign for the economy, and if these predictions come true, 2016 may indeed be a happy new year."
The survey was conducted via the Express Employment Professionals RefreshLeadership blog, a forum for executives and business leaders. This year's survey question received 120 responses. The response choices for previous years differed from 2015 in that respondents were not given the option of choosing "moderate growth."
About Robert A. Funk
Robert A. "Bob" Funk is chairman and chief executive officer of Express Employment Professionals. Headquartered in Oklahoma City, the international staffing company has franchises in the U.S., Canada and South Africa. Under his leadership, Express has put more than 5 million people to work worldwide. Funk served as the Chairman of the Federal Reserve Bank of Kansas City and was also the Chairman of the Conference of Chairmen of the Federal Reserve.
About Express Employment Professionals and Express in Canada
Express Employment Professionals puts people to work. It generated $2.85 billion in sales and employed more than 456,000 people in 2014. Its long-term goal is to put a million people to work annually. Express launched in Canada in July 1996, with a franchise in London, Ontario, and since then, has expanded and grown across Canada significantly. There are currently 36 Express franchises in Canada - five in British Columbia, five in Alberta, two in Saskatchewan, 23 in Ontario and one in Nova Scotia.
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SOURCE: Express Employment Professionals