Heading into election season, Indiana business leaders throughout the state are not upbeat about the coming 12 months. The Indiana Business Council’s most recent study shows the Indiana Business Confidence Index (BCI) has fallen to 58%, the lowest point since the index was established nearly two years ago.
According to a report by Inside INdiana Business, the BCI is a measure of the overall confidence business leaders and employees throughout the state have in their company’s opportunity for growth and success in the coming year. Indiana is the center for the RV industry’s manufacturing sector.
“Indiana business leaders are very concerned about what will happen in the next six to 12 months and that is clearly reflected in the Indiana Business Confidence Index hitting its lowest level ever,” said Gerry Dick, president and founder of Grow INdiana Media Ventures LLC. “This sentiment is also carrying through to employees in their lack of optimism that morale has any hope of improving in the next six months.”
The most recent Indiana Business Council survey focused on job skills. Some of those results include:
• 66% of respondents have been asked to take on additional work without additional compensation.
• 53% believe they have necessary training to effectively do their jobs.
• Loyalty for middle managers dropped from 55% to 41%, and loyalty for supervisors dropped from 45% to 39%.
To receive more information on the study or to apply to participate on the council, visit www.INdianaBusinessCouncil.com.
A new INdiana Business Council survey suggests the state’s business community is becoming more upbeat about the Hoosier economy.
Seventy-six percent of respondents feel confident in the state’s economy in 2012, an increase of 11% over 2011.
The survey, conducted by Indianapolis-based Walker in mid-January, also reveals a dramatic shift in the hiring outlook of Indiana CEOs, with 47% of respondents planning to increase hiring in 2012. That is up from only 40% last year.
“Even though Indiana has been recognized for its fiscal discipline and approach to economic development, Hoosier business confidence waned over much of 2011,” said Gerry Dick, president of Grow INdiana Media Ventures LLC and host of Inside INdiana Business with Gerry Dick. “It appears as though the New Year is bringing a new sense of optimism about the economy.”
More than 900 members of the statewide, online panel responded to the INdiana Business Council’s 2012 outlook survey. Other highlights include:
• Nearly 74% believe Indiana’s economy will improve in 2012.
• 46% of all CEOs plan to increase hiring in 2012.
• Nearly two-thirds of respondents feel Indiana’s government is business-friendly.
• The BCI for the technology sector is 75%, the highest of all industries.
The results are being echoed in the most recent Indiana Business Confidence Index (BCI), which has jumped to 64%, up three percentage points from the previous month. It marks the first time the Index has increased in two consecutive months. The BCI is a measure of the overall confidence Indiana business leaders and employees have in their company’s opportunity for growth and success in the coming 12 months.