Asia's tech CEOs to embark on a hiring spree
By siliconindia   |   Wednesday, 17 December 2008, 00:21 IST   |    1 Comments
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Asia's tech CEOs to embark on a hiring spree
Bangalore: Unfazed by the concerns of an economic slowdown, head honchos of many tech companies in Asia are planning to increase the headcounts of their companies. According to the Deloitte Technology Fast 500 Asia-Pacific 2008 CEO Survey, 96 percent of those surveyed said they expected to increase the company headcount. Of these, 15 percent said their employee strength would grow between 51 percent and 100 percent, reports BusinessWeek. Eighty-six percent of the 289 respondents indicated that they are either very or extremely confident in maintaining their company's growth over the next 12 months. According to the survey, over 40 percent of the CEOs under the study said their companies had not yet been impacted by the credit crunch. While 27 percent of them reported no change in their company strategy, slightly more than a fifth of the respondents admitted that their corporate strategy was under review. Deloitte said that about half of the CEOs see a likely scenario for their company's organic growth in 2009, while nearly a quarter also expressed that their company would likely make an acquisition within the next 12 months. For 56 percent of the CEOs, the Asia-Pacific region presented the best opportunity for growth. Over 10 percent said they would increase investment in the Asia-Pacific region by more than 50 percent, while the majority (73 percent) planned to step up investment by up to 30 percent. "While the technology, media and telecom (TMT) sectors will certainly continue to grow globally in the long-run, even the top-performing TMT companies know that it is important to realistically and carefully plan their growth strategy for the turbulent times ahead," said Igal Brightman, global managing partner of Deloitte's TMT industry group.

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