Global Business & Spending Outlook Survey on Tuesday said that a majority of Indian chief finance executives expect increase in spending on travel and entertainment this year and are likely to invest in improving administrative process efficiencies to help meet their business priorities.
According to the Survey commissioned by American Express, 37% of the CFOs said they are likely to spend more on travel and entertainment (T&E) in 2018 as compared to last year. Besides, 50% of CFOs surveyed maintained that they are likely to keep the spending same as last year.
The survey conducted by Institutional Investor
Thought leadership Studio mapped the CFOs outlook for January-December 2018.
Senior financial executives in India also plan to increase their companies’ workforce in the year ahead, with 97 % of survey respondents anticipating an uptick in their companies’headcount in the coming year.
In an effort to attract and retain top talent, companies are also likely to improve the day-to-day working environment of their employees, offer more flexible work schedules and locations and expand career development programmes, revealed the survey.