2024 UHY Middle Market Survey Question Title * 1. Please select the industry to which your organization belongs: Automotive Banking & Financial Services Construction Consumer Services Energy & Utilities Healthcare Manufacturing & Distribution Not-for-Profit Real Estate Staffing Technology Other (please specify) Question Title * 2. Please provide the state where your organization is headquartered: Question Title * 3. Please indicate the size of your business in terms of revenue: <$25m $26m-$50m $51m-$100m $101m-$200m $201m-$500m >$500m Question Title * 4. Please select the range of number of employees in your organization: <20 21-50 51-100 101-500 501-1,000 >1,000 Question Title * 5. What are your organization's most important focus areas over the next 12 months? (Rank on a scale 1-6, 1 – being most important, 6 being least important) Question Title * 6. Select the option that best reflects the current growth stage of your organization: Back to pre-pandemic growth trajectory Exceeded growth expectations Growth is stable and holding steady Still recovering from the pandemic Could not recover Question Title * 7. How would you rate your organization’s growth targets for 2024? Aggressive Cautious Conservative Maintaining current growth rate Question Title * 8. Which area of employee development does your organization plan to maximize its investment over the next 12 months? Upskilling the workforce DE&I Advancement / promotion of current employees Cross training / quiet hiring Additional employee benefits / perks Improving offers to attract better talent Question Title * 9. While planning for difficult economic situations, which of the following do you foresee as the biggest strength of your organization? Availability of excess capital / resources Strong, experienced employee base Utilization of digital solutions / technology Belief in the core team Flexibility and ability to pivot / alter business model Availability of a disaster recovery plan Question Title * 10. Which of the following workforce challenges will have the strongest impact on organizational growth in 2024? Lack of skilled workforce Talent retention Implementation of hybrid work model Assembling an effective leadership team Employee productivity Resistance to new technology Other (please specify) Question Title * 11. When considering digital transformation, which of the following presents the most significant challenge? Assessing the technology needs of the organization Unavailability of qualified workforce Frequent upgrades to disruptive technology in the industry We have not considered significant digital transformation Selecting a competent technology vendor Resources for adequate change management within the organization Cost associated with digital transformation Other (please specify) Question Title * 12. How does your organization handle its vulnerability to cyber incidents? Cybersecurity is not top of mind We outsource our cybersecurity to a third party We have an internal IT security resource Combination of internal resources / third party We conduct cyber training with our employees Question Title * 13. How much does your organization plan to increase its investment in cybersecurity in 2024? Significantly - greater than 20% Marginally - 5-20% Minimally - 1-4% No changes planned Question Title * 14. Has your organization experienced a known cyber incident? Yes No Question Title * 15. What is the current stage of ESG implementation in your organization? Fully compliant with ESG requirements Partially compliant with ESG requirements ESG implementation is not an immediate priority for us ESG is not a priority for my industry Question Title * 16. Select the biggest barrier to implementation of ESG policies by organizations in your industry: Lack of consensus among relevant stakeholders High costs associated with ESG advisory Unavailability of sound ESG advisory Complexity of ESG risk management Confusion associated with disclosure requirements Question Title * 17. Which of the following external factors do you expect to have the most significant impact on your organization in 2024? Impact of sustained interest rate increases in prior months International conflict Banking / financial crisis Widespread adoption of ESG regulations / standards Increased severity of natural disasters Deterioration of U.S. infrastructure Impact of 2024 Presidential Election Disruptive cybersecurity incidents Other (please specify) Question Title * 18. Rank how strongly the following will limit growth for organizations in your industry in 2024? (Rank 1-6; 1 being the most strongly to 6 being not at all) Question Title * 19. Which area of your supply chain do you plan to improve based on trends from 2023 into 2024? Inventory planning Diversity of suppliers Supply chain technology Delivery of products / services Not applicable Other (please specify) Done