This Industry Outlook is a portion of the 2018 Arizona CFO Spotlight Survey Report
The 2018 Arizona CFO Spotlight Survey attracted respondents from a number of industries in Phoenix and Tucson. We will highlight the high-tech segment here in terms of growth, risk factors, strengths and trends.
Demand for talent has ramped up in the past year, and CFOs are looking to universities as well as international markets to attract interns and international hires.High-tech companies are the most likely of all industries surveyed to offer work-at-home options for employees. This benefit ties to a focus on flexible schedules and a revised dress code. As they work to attract talent, 83% of high-tech companies offer health insurance benefits. Leaders want to see improvements in public transit and IT, in particular, to attract people to Arizona to live and work. In the meantime, respondents cite international hires or outsourcing internationally as a way to deal with staffing shortages. All leaders expect to spend their time helping people navigate change either due to changes in their business model or in leadership.
"Our biggest challenge is having the proper communication to employees to explain what is happening, why it's happening, and to set them at ease during the process."
Average Number of Employees
Revenue in 2018
- 33% Will increase significantly 33%
- 50% Will increase slightly 50%
Top Areas of Focus
- Attracting talent
- Strategic planning/forecasting
- Managing workplace culture
33% very optimistic 67% somewhat optimistic
Access to Cash?
not a problem
not a problem