Hawaii Business BOSS Survey – June 2012

Hawaii's Top Survey of Business Leaders

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BOSS Answers to Key Questions

5 Fascinating Facts

1. In the coming year, do you plan to increase capital spending and other spending overall, or cut costs?

2. Companies indicate the bleeding has slowed down

3. Has your revenue, profit or staffing increased in the past year?

 

44 percent of companies reported revenues are up, but only 

33 percent said profits are up and even fewer – 

16 percent – said they had added staff. 

 

4. Which of these are serious threats to the Hawaii economy?

5. Which of these green initiatives are you taking?

83% More recycling 63% Issuing electronic reports (not paper) 54% Purchase of energy saving equipment/machinery 45% More biodegradables 30% Alternative energy

 

Trends and Concerns

Strong Gains in Revenue and Profit; Weaker Gains in Employment

The BOSS survey asks each business leader about his or her company’s performance over the past year on gross revenue, profit and employment. The answers are compiled into an index for each measure. The charts below show that strong gains in revenue and profit were not matched by equally strong gains in hiring/retention. That indicates that, overall, business leaders are reluctant to hire new people, despite better revenue and profit for their companies.

 

Recruiting and Retaining Staff

Here are six ways to recruit and retain high-quality employees. Which methods are crucial to your company’s strategy?

 

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