Budgets and staffing stay broadly constant
Despite widespread financial uncertainty in many parts of the economy since the outbreak of the pandemic, entity management budgets at respondents’ companies have broadly remained untouched. Overall, 53 percent of respondents say their entity management budget has remained the same over the past year. Some have seen a small (13 percent) or large (4 percent) increase. A smaller number say they have seen a large (2 percent) or small (6 percent) decrease. The remaining respondents say they don’t know.
The most positive news on budgets is seen at mega-cap companies, where 23 percent of respondents have seen a small increase in budget, and 9 percent a large increase. Fourteen percent report a small decrease, and none report a large decrease. Budgets are most likely to have stayed constant at mid-cap companies (63 percent), compared with small caps (57 percent), large caps (54 percent) and mega-caps (36 percent).
Headcounts remain similarly constant. Overall, 59 percent of respondents say the size of their entity management team has stayed the same over the past year. Seventeen percent have seen a small or large increase in team size, and just 5 percent have seen a small or large decrease.
Among mega-cap respondents, 23 percent have seen a small or large increase, while 19 percent of their counterparts at large-cap companies have seen an increase. The total numbers seeing an increase in the US, Canada and Europe are 12 percent, 17 percent and 18 percent, respectively.
