Survey

How Business Leaders Are Approaching Decision-Making in Q4 2022

The Invisible Team

Abstract: Invisible conducted this survey of 400 randomly sampled American business leaders on November 17, 2022. Respondents’ organizational roles included C-Suite executives, senior management, and middle management. Read the accompanying report here.

Q1. Has your concern over an economic downturn increased, decreased, or stayed the same in the last 3 months?

  • My concern has increased - 66%
  • My concern has decreased - 12%
  • My concern has stayed the same - 22%

Q2. Is your company preparing for a recession? If so, how? (select all that apply)

*Percent (Respondents) is calculated by dividing each answer count by the total unique respondents.

  • Yes, by freezing hiring - 27% (19.39%*) 
  • Yes, by cutting staff - 31.75% (22.80%*)
  • Yes, by cutting projects - 28.5% (20.47%*)
  • Yes, by cutting software, apps, or other tools - 15.25% (10.95%*)
  • No, my company is not preparing for a recession - 36.75% (26.39%*) 

Q3. Has your business been negatively impacted by economic volatility? If so, how? (select all that apply)

*Percent (Respondents) is calculated by dividing each answer count by the total unique respondents.

  • Yes, our revenue has stagnated or decreased - 34.5% (28.22%*) 
  • Yes, our sales have stagnated or decreased - 35.5% (29.04%*) 
  • Yes, we are unable to meet KPIs - 15.25% (12.47%*)
  • No, my business has not been negatively impacted - 37% (30.27%*)

Q4. In your opinion, is your company well-equipped to withstand a recession?

  • Yes - 69.75%
  • No - 30.25% 

Q5. Has your company adopted more automation technology in response to economic volatility?

  • Yes - 51.25% 
  • No - 48.75% 

Q6. Do you plan on adding more automation technology to your business before the end of the year?

  • Yes - 53.5%
  • No - 46.5%

Q7. Is your company actively hiring or is hiring on hold?

  • My company is actively hiring - 38%
  • Hiring is on hold at my company - 62%

Q8. About how long do you expect the hiring freeze to remain?

  • Through the end of 2022 - 31.45%
  • 3 months or more - 27.82%
  • 6 months or more - 25.81%
  • I expect the hiring freeze will be in place indefinitely - 14.92%

Q9. Is the inability to grow the headcount on your team holding you back from achieving your business goals?

  • Yes - 52.82%
  • No - 47.18%

Q10. If you could outsource and/or automate some of your team’s work, would you feel as though your business goals would be achievable?

  • Yes - 69.25%
  • No - 30.75%

Schedule a call to learn more about how Invisible might help your business grow while navigating uncertainty.

Schedule a Call
Request a Demo
Request a Demo
Request a Demo
Request a Demo
Request a Demo
Request a Demo
Request a Demo
Request a Demo
Request a Demo
Request a Demo
Request a Demo