According to a spokeman for The Conference Board, "Sustained and steady top-line growth, which led the pack last year, now ranks second, with profit growth fourth, and finding qualified managerial talent fifth."
"Judging by this year's U.S. Top 10, finding qualified managerial talent (sixth place) and top management succession (seventh place) have become the dominant people issues for U.S. CEOs, replacing last year's top HR concern, healthcare costs. The two concerns are closely intertwined because competition for talented managers will become even fiercer as many baby boomers depart the 'top of the house' to move into 'third-stage careers' and retirement.The report, which provides the results of the survey that asked executives to rate their greatest concerns from among 121 different challenges, showed regional differences between Asia, Europe, the United States, and so forth.
"After ranking seventh last year, the challenge of employee healthcare benefit costs slipped out of the U.S. top 10 in 2007. Its lower ranking as a greatest concern is most likely due to the downward movement of average annual rises in employee premiums for employer-sponsored health coverage, illustrating successful implementation of cost containment innovations."
**Bob is the President and CEO of The Prosen Center for Business Advancement, whose mission is to help business leaders rapidly increase performance, productivity and profits. He is the author of the award-winning book: Kiss Theory Good Bye: Five Proven Ways to Get Extraordinary Results in Any Company (compare prices).