Fast-Growth Private Companies Spend Almost Half of Total Budget on Workforce, but Employee Retention is Not a Top Priority, PricewaterhouseCoopers Survey Finds




  Expect 22% top-line revenue increase, 9% increase in workforce
                           over next 12 months

  PricewaterhouseCoopers' Trendsetter Barometer interviewed CEOs
  of 312 privately-held product and service companies identified
  in the media as the fastest-growing U.S. businesses over the 
  last five years. The surveyed companies range in size from 
  approximately $5 million to $150 million in revenue/sales. 
  Interviewing was completed in May, 2006.

NEW YORK, Sept. 12, 2006 (PRIMEZONE) -- CEOs of the nation's fastest-growing private companies are spending almost 50 percent of their company's total budget on their workforce, yet less than a third have formal programs in place to retain key employees. Moreover, less than a third regularly discuss retention issues during management meetings, or understand why key employees are leaving the company.

For a copy of the complete news release and charts on this topic, please visit our Web site: www.barometersurveys.com



            

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