Marcum LLP, in collaboration with Hofstra University, has released the findings from its latest CEO Survey, offering invaluable insights into the business environment, outlook, and trends among middle-market CEOs.
A significant takeaway from the survey indicates a rising tendency toward outsourcing critical business functions. The survey reveals that 29.1% of CEOs reported increased outsourcing activities compared to their historical approaches. Cybersecurity emerged as the most outsourced function, with 17.9% of companies primarily relying on external expertise to secure their data and information systems. Conversely, human resources remained the least outsourced function, with only 4.8% of CEOs opting for external services.
Furthermore, over half (50.2%) of the CEOs identified the primary motivation behind the outsourcing trend as access to superior expertise and talent. Cost savings…
