More Than 300 Business Leaders Expect Employee Productivity to Increase by Sept. 30

Philadelphia, PA, July 27, 2011 --(PR.com)-- More than 300 business leaders from across Pennsylvania expect their companies’ employee productivity will increase during July, August and September, according to a survey conducted in late June by Twin Cities Business. A total of 625 business leaders representing all industries and company sizes responded to the survey.

Some 43 percent of respondents also anticipate revenue gains, and 33 percent plan to increase their employment levels during the period. Industries most likely to see employment increases are insurance; accounting and other professional services; retail/hospitality and manufacturing. Those least likely to hire are government; utilities and agriculture, forestry and fisheries.

In terms of where growth is expected to occur geographically, Philadelphia had the highest number of employers planning to increase headcounts; others had the highest number of companies planning to invest in capital outlays and/or infrastructure improvement.

The survey also found one-third of respondents believe business conditions will worsen during the quarter ending Sept. 30. And more than one-quarter said they believe finding qualified workers and obtaining financing for their businesses will become more difficult.

Atlantic Capital Trust, LLC conducted the survey to provide a glimpse at overall business planning and sentiment among leaders across all areas and industries in Pennsylvania. With assistance from the Pennsylvania Chamber of Commerce, the company polled 14,482 leaders and received responses from 625, resulting in a 4.3 percent net response rate.

###