Despite tough economic times, the worlds*
*leading entrepreneurs
have shown remarkable resilience and continue to be positive about their
future recruitment plans. This is highlighted by Global job creation
an Ernst & Young survey of 200 of former Ernst & Young Entrepreneur Of
The Year® (EOY) winners, released today to coincide
with the
World Entrepreneur Of The Year Awards 2013 (WEOY) in Monaco. The
research highlights that 78% of the entrepreneurs said they intend to
increase their workforce at home or abroad in 2013.
The survey also found that women entrepreneurs intend to hire more at
home than their male counterparts, with 73% planning to increase their
workforce in their domestic markets this year, compared to 69% of the
men. Both men and women said the most important factor impacting their
2013 hiring plans is growth in their products and services 78% of the
total. Women entrepreneurs also express more confidence in the economic
direction of the countries in which they are headquartered 88% feel
positive compared to 71% of the men.
This optimism about the future is reflected in the 49 EOY winners at
WEOY. Despite the challenging global economy in the last three years
these individuals have collectively doubled their revenues to US$40b and
expanded their headcount by 40% to over 200,000.
Maria Pinelli, Global Vice Chair, Strategic Growth Markets at Ernst &
Young says:
In the past year, the worlds best entrepreneurs have shown remarkable
resilience in the face of sharply variable business conditions
throughout the major global markets. While macroeconomic risks such as
the Eurozone crisis, a slowdown in emerging markets growth and the US
budget impasse have added to investor uncertainty, the worlds leading
entrepreneurs are still looking to recruit in significant numbers.
*Entrepreneurs continue to recruit experienced workforce*
When entrepreneurs were asked what kind of jobs they were creating
(administrative, entry-level with and without university degrees, or
experienced), 51% said they created roles for experienced
(non-management) personnel, while only 14% said they will recruit at
entry level with a degree and 26% at entry level with no degree.
Maria adds: Entrepreneurs continue to raise the standard of living in
the countries where they operate by not only creating jobs but good
jobs, that require experience. Thats what we call helping to build a
better working world.
*2013: The year of productivity*
A significant change this year is that entrepreneurs are making
sustainable investments in productivity. Although the percentage of
entrepreneurs saying they continue to hire to enter new markets remains
the most popular response (74% in 2012, 63% in 2013) the number of
respondents saying they are recruiting specifically to boost production
has increased significantly from 28% in 2012 to 45% this year.
Asia-Pacific leads the way adding staff to boost production at 64%,
followed by Europe, at 51% and by the US at 29%.
This ambition of our EOY winners to keep growing their products and
services in 2013 is so heartening, says Maria. Entrepreneurs have gone
beyond entering new market and they are now consolidating their
activities. It shows the world and inspires us all as to what can
happen when you give good ideas, and the space to grow them, a chance.
*Women actively seek out talent*
When women entrepreneurs were asked what the two most important reasons
for hiring outside their home country were, 50% said boosting the
production of goods and services (compared to 44% of male
entrepreneurs), followed closely by entering new markets (40% compared
to 68% to male entrepreneurs) and tapping new resource talent (40%
compared to 20% to male entrepreneurs).
Interestingly, taking advantage of lower labor costs, proximity to
their suppliers (nil to 13% for male entrepreneurs) or new source of
finance (3%) scored low for male entrepreneurs, and did not score at
all for female entrepreneurs.
Maria concludes: A global, inter-connected world provides increased
opportunities for entrepreneurs and this means the worlds women as
well.
- Ends -
*About Strategic Growth Markets*
Ernst & Youngs worldwide Strategic Growth Markets Network is dedicated
to serving the needs of rapid-growth companies. For more than 30 years,
weve helped many of the worlds most dynamic and ambitious companies
grow into markets leaders. Whether working with international mid-cap
companies or early stage venture-backed businesses, our professionals
draw upon their extensive experience, insight and global resources to
help your business achieve its potential. Its how Ernst & Young makes a
difference.
*About Ernst & Young*
Ernst & Young is a global leader in assurance, tax, transaction and
advisory services. Worldwide, our 167,000 people are united by our
shared values and an unwavering commitment to quality. We make a
difference by helping our people, our clients and our wider communities
achieve their potential.
Ernst & Young refers to the global organization of member firms of Ernst
& Young Global Limited, each of which is a separate legal entity. Ernst
& Young Global Limited, a UK company limited by guarantee, does not
provide services to clients. For more information about our
organization, please visit www.ey.com.
This news release has been issued by EYGM Limited, a member of the
global Ernst & Young organization that also does not provide any
services to clients. Reported by Business Wire India 9 hours ago.
*leading entrepreneurs
have shown remarkable resilience and continue to be positive about their
future recruitment plans. This is highlighted by Global job creation
an Ernst & Young survey of 200 of former Ernst & Young Entrepreneur Of
The Year® (EOY) winners, released today to coincide
with the
World Entrepreneur Of The Year Awards 2013 (WEOY) in Monaco. The
research highlights that 78% of the entrepreneurs said they intend to
increase their workforce at home or abroad in 2013.
The survey also found that women entrepreneurs intend to hire more at
home than their male counterparts, with 73% planning to increase their
workforce in their domestic markets this year, compared to 69% of the
men. Both men and women said the most important factor impacting their
2013 hiring plans is growth in their products and services 78% of the
total. Women entrepreneurs also express more confidence in the economic
direction of the countries in which they are headquartered 88% feel
positive compared to 71% of the men.
This optimism about the future is reflected in the 49 EOY winners at
WEOY. Despite the challenging global economy in the last three years
these individuals have collectively doubled their revenues to US$40b and
expanded their headcount by 40% to over 200,000.
Maria Pinelli, Global Vice Chair, Strategic Growth Markets at Ernst &
Young says:
In the past year, the worlds best entrepreneurs have shown remarkable
resilience in the face of sharply variable business conditions
throughout the major global markets. While macroeconomic risks such as
the Eurozone crisis, a slowdown in emerging markets growth and the US
budget impasse have added to investor uncertainty, the worlds leading
entrepreneurs are still looking to recruit in significant numbers.
*Entrepreneurs continue to recruit experienced workforce*
When entrepreneurs were asked what kind of jobs they were creating
(administrative, entry-level with and without university degrees, or
experienced), 51% said they created roles for experienced
(non-management) personnel, while only 14% said they will recruit at
entry level with a degree and 26% at entry level with no degree.
Maria adds: Entrepreneurs continue to raise the standard of living in
the countries where they operate by not only creating jobs but good
jobs, that require experience. Thats what we call helping to build a
better working world.
*2013: The year of productivity*
A significant change this year is that entrepreneurs are making
sustainable investments in productivity. Although the percentage of
entrepreneurs saying they continue to hire to enter new markets remains
the most popular response (74% in 2012, 63% in 2013) the number of
respondents saying they are recruiting specifically to boost production
has increased significantly from 28% in 2012 to 45% this year.
Asia-Pacific leads the way adding staff to boost production at 64%,
followed by Europe, at 51% and by the US at 29%.
This ambition of our EOY winners to keep growing their products and
services in 2013 is so heartening, says Maria. Entrepreneurs have gone
beyond entering new market and they are now consolidating their
activities. It shows the world and inspires us all as to what can
happen when you give good ideas, and the space to grow them, a chance.
*Women actively seek out talent*
When women entrepreneurs were asked what the two most important reasons
for hiring outside their home country were, 50% said boosting the
production of goods and services (compared to 44% of male
entrepreneurs), followed closely by entering new markets (40% compared
to 68% to male entrepreneurs) and tapping new resource talent (40%
compared to 20% to male entrepreneurs).
Interestingly, taking advantage of lower labor costs, proximity to
their suppliers (nil to 13% for male entrepreneurs) or new source of
finance (3%) scored low for male entrepreneurs, and did not score at
all for female entrepreneurs.
Maria concludes: A global, inter-connected world provides increased
opportunities for entrepreneurs and this means the worlds women as
well.
- Ends -
*About Strategic Growth Markets*
Ernst & Youngs worldwide Strategic Growth Markets Network is dedicated
to serving the needs of rapid-growth companies. For more than 30 years,
weve helped many of the worlds most dynamic and ambitious companies
grow into markets leaders. Whether working with international mid-cap
companies or early stage venture-backed businesses, our professionals
draw upon their extensive experience, insight and global resources to
help your business achieve its potential. Its how Ernst & Young makes a
difference.
*About Ernst & Young*
Ernst & Young is a global leader in assurance, tax, transaction and
advisory services. Worldwide, our 167,000 people are united by our
shared values and an unwavering commitment to quality. We make a
difference by helping our people, our clients and our wider communities
achieve their potential.
Ernst & Young refers to the global organization of member firms of Ernst
& Young Global Limited, each of which is a separate legal entity. Ernst
& Young Global Limited, a UK company limited by guarantee, does not
provide services to clients. For more information about our
organization, please visit www.ey.com.
This news release has been issued by EYGM Limited, a member of the
global Ernst & Young organization that also does not provide any
services to clients. Reported by Business Wire India 9 hours ago.