CFOs can't fill key positions fast enough and plan to raise wages
REUTERS/Mike Segar
In a recent survey by Duke University, 93% of 510 CFOs in America said they have job openings, and half said they can't find people to fill those key jobs.
The survey also found that most companies plan to increase real wages by 3.3% due to labor market pressures and a desire to fill key slots.
According to the Duke/CFO Magazine Global Business Outlook Survey, wage growth will be strongest in services/consulting, healthcare, tech, retail/wholesale, and construction.
For employment and wage increases, CFOs listed the following concerns that guided their decisions:
- Economic uncertainty
- Cost of benefits
- Attracting and retaining qualified employees
- Regulatory requirements
- Government policy
- Weak demand for product/services
- Data security
- Employee productivity
- Access to capital
- Employee morale
The Duke CFO Global Business Outlook has been conducted for the last 78 consecutive quarters.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- Vegetable prices to remain high until June due to above-normal temperature
- RBI action on Kotak Mahindra Bank may restrain credit growth, profitability: S&P
- 'Vote and have free butter dosa': Bengaluru eateries do their bit to increase voter turnout
- Reliance gets thumbs-up from S&P, Fitch as strong earnings keep leverage in check
- Realme C65 5G with 5,000mAh battery, 120Hz display launched starting at ₹10,499
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market