Americans say president impacts job creation
By Amanda McGrory
Of Americans with incomes of at least $50,000, 63 percent say the president largely impacts job creation, according to a recent Korn/Ferry poll.
The poll also finds that 45 percent of respondents say the government has invested in job-creating technologies, and 55 percent of respondents are confident in the president, Congress and the Federal Reserve’s ability to work together to create jobs.
"This report reveals that U.S. workers believe that the government has the power to stimulate jobs,” says Gary Burnison, CEO of Korn/Ferry International. “The fact that respondents feel the president alone can create more jobs than the combination of the Congress, Fed and president may be a reflection of the current discord in Washington."
Another 64 percent of respondents agree that government spending is an adequate solution to stimulating jobs. Of the top industries to stimulate jobs are sustainable energy solutions at 28 percent, information technology at 23 percent and infrastructure for the country at 22 percent.
More than 70 percent of respondents do not agree that U.S. CEOs work hard enough or are motivated to create U.S.-based jobs, and respondents are divided regarding whether CEOs would invest tax savings into hiring.
"While respondents do not think that CEOs are necessarily incentivized and motivated to hire Americans, in reality we know that a CEO must first meet the demands of shareholders and view the globe as their hiring marketplace,” Burnison says. “Today's CEOs are borderless. First and foremost, they are focused on P&L performance and identifying talent that will drive growth, regardless of regions or lines on the map."
Burnison also notes that today’s European capital market uncertainty reduces hiring in the United States as well as globally.
"Companies forecast demand for goods and services,” Burnison. “Obviously with the highest unemployment ever in Europe, it reduces consumer demand. Lower demand makes CEOs less willing to invest in hiring as they are uncertain of a payback."
Originally published on BenefitsPro.com