Stanton Chase International Bulgaria

Stanton Chase CEO Survey 2017

 

Stanton Chase Bulgaria is pleased to present its 2017 CEO Census; this marks the seventh year of this report distribution among business leaders of local and international companies in Bulgaria. The survey covers topics such as the current economic situation, the general state of business, the professional and personal drivers of top managers in the country, organizational transformation and talent acquisition.

In general, it appears that the Bulgarian economy has been shifting into high gear during the past year. According to participants in the survey, the sectors that sustained significant growth in 2017 are Outsourcing/BPO (60%), Technology (45%), Industrial (42%) and Consumer products and services (41%). Following this trend, their expectations for 2018 are positive – 82% expect further growth. In addition, CEOs are planning to recruit new employees (78%), mostly experts with specific functions (62%). In this respect, more than one third would consider taking advantage of the Blue Card work permit to attract foreign professionals for their organizations.

Another interesting finding relates to the need for overall transformations – organizations should invest in new technologies (66%), invent new business models (52%) and reorganize the internal processes (43%). Thus, in order to stay competitive in the local and regional markets, companies are looking for leaders who can drive transformation and success (61%). The areas of expertise that are mostly needed include digital sales & marketing (65%), technology innovations (58%) and business intelligence (53%).

Companies tend to look for professionals with managerial experience via recommendations and references (73%), although there is an increased demand for executive search services (52%). As a matter of fact, 93% of the CEOs face difficulties finding quality candidates for top/senior management level. In terms of personal development, managers rely mostly on self-learning and self-education (82%) along with networking with professionals from the same area (62%).

For the full survey press HERE