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POLACHI SURVEY REVEALS EXECUTIVES ARE CAUTIOUSLY OPTIMISTIC ON OUTLOOK FOR Q4

Execs Weigh in on everything from the Recession, to Hiring Predictions, & Swine Flu Fears
FRAMINGHAM, Mass., September 10, 2009  Polachi Inc., a provider of Access Executive Search™ services to technology, clean technology, private equity and venture capital companies, today issued the results of an online survey around executive expectations for Q4 2009– everything from the recession to hiring predictions and swine flu fears. The survey, which polled nearly 300 executives in the technology, clean tech, venture capital and private equity industries, revealed an overall outlook of cautious optimism. While nearly three quarters (71.2%) of the executives indicated they believe the recession is not yet over, more than half (53.4%) of the respondents indicated they predict that growth at their respective companies will improve over the next quarter.
Only a fraction (4.3%) of the respondents predict business at their companies will get worse over the next quarter, 11.4% were too uncertain to predict either way and nearly one-third (31.1%) of the executives indicated they anticipate business will perform at the same level of Q3 2009.
Regarding hiring plans, the executives were split between optimism and ambiguity. Nearly half (42.9%) of the respondents indicated they plan to increase hiring in Q4, while almost the same percentage (43.3%) revealed they were too uncertain to predict whether or not their companies would increase headcount or not. Only a comparatively insignificant proportion (13.8%) predicted their companies would decrease overall headcount in Q4.
When asked to weigh in on the topic du jour—swine flu—the survey found that while a strong majority (62.7%) of executives share in America’s concern over the potentially deadly virus, only a small percentage (33%) of their companies are taking (or planning to take) any steps to prevent spread of H1N1 infection in the workplace this fall. Surprisingly, more than half (51%) of the executives indicated that their companies were not taking anyprecautionary steps at all.
“In addition to the swine flu panic, the issue plaguing the minds of most executives right now is the economy,” said Peter Polachi, Partner at Polachi, Inc. “It’s not about whether or not it’s improving--nearly everyone agrees that things are better now than they were last quarter. The looming issue is really around the rate at which enterprise growth and hiring will turnaround.”  
Developed and administered by Polachi, the survey was distributed via email earlier this month and completed by a total of 284 executives from various technology, clean technology, private equity and venture capital companies throughout the United States.
About Polachi, Inc.
Polachi, Inc. (www.polachi.com) provides Access Executive Search™ services to technology, clean technology, private equity and venture capital companies. The firm’s partners, all search industry veterans with decades of experience, understand that leading companies deserve access to the absolute best talent on the planet. While traditional executive search firms limit candidate access due to “off-limits” protocol, and newer search firms lack the breadth and depth of connections, Polachi’s Access Executive Search™ model, coupled with unmatched agility, delivers the most accelerated results.  Polachi is a sponsor of the New England Clean Energy Council (NECEC) as well as a founding member of Access Search Partners™ (ASP), a partnership of four leading technology search firms that provides clients with specialist search services on a global scale. For more information about Polachi please call 508-650-9993 or visit www.polachi.com.

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