In addition to hiring increases, middle market firms surveyed also reported increases in mean revenue growth, climbing from an average of 8% in Q2 2021 to 12.2% in Q2 2022. (Credit: VectorMine/Adobe Stock)
Despite a tough hiring landscape, 58% of middle market firms have actually increased their workforce over the last twelve months, compared to 45% who reported the same at mid-year 2021. This comes from the Middle Market Indicator: Mid-Year 2022 survey report, recently released by Chubb, in partnership with the National Center for the Middle Market (NCMM).
One-thousand executives from middle market firms were surveyed for the report in order to identify trends and evolving risks affecting that segment of businesses. Industries examined in the report were financial, manufacturing, life sciences and technology.
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Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
