Scheduling
Time & Attendance
Forecasting
Employee App
Payroll Integrations
Communications
Archive
By Staff Report
Jul. 24, 2009
Michigan CEOs are pessimistic about the state’s economy in the coming months but believe the national economy will hit bottom and begin to improve, according to a survey released Wednesday, July 22, by Detroit Renaissance Inc. and the Michigan Business Leadership Council.
The survey of 60 Michigan chief executives found approximately 90 percent forecasting the same or lower employment and Michigan capital investment during the next six months.
Sixty-eight percent said they expect the Michigan economy will worsen during the next six months, and 80 percent believe the U.S. economy will be the same or improve.
Looking ahead 18 months, 80 percent of those surveyed believe Michigan’s economy will stay the same or worsen, with 49 percent saying the economy will be the same and 31 percent expecting further decline.
However, 78 percent of CEOs believe the U.S. economy will be in recovery.
In a news release, Doug Rothwell, president of Detroit Renaissance and the leadership council, said the survey results should be informative to state policymakers.
The leadership council is a statewide group of corporate executives that meets throughout the year to discuss ways to improve the economy and make Michigan a more competitive place to do business.
“The results show two things: First, Michigan cannot expect to grow out of its fiscal crisis anytime soon so it must make structural budget reforms, and second, major changes are needed to stimulate economic growth in this state,” Rothwell said.
Filed by Amy Lane of Crain’s Detroit Business, a sister publication of Workforce Management. To comment, e-mail editors@workforce.com.
Workforce Management’s online news feed is now available via Twitter
Come see what we’re building in the world of predictive employee scheduling, superior labor insights and next-gen employee apps. We’re on a mission to automate workforce management for hourly employees and bring productivity, optimization and engagement to the frontline.
Staffing Management
Managing employee time-off requests: A guide for business ownersSummary Vacation, sick time, PTO banks, and unpaid leave are only a few forms of employee time off — Mo...
Technology
Labor analytics: A how-to guide for company leadershipMake sure to start small, clean your data, use data from a variety of sources and use desired business ...
data analytics, employee data, HR Tech, people analytics, talent management
Technology
Why tattleware isn’t the solution for underperforming teamsIf your employees can take their smartphones out of their pockets to circumvent your efforts, how can y...
employee monitoring, HR technology, tattleware