Staffing Costs Rise Faster Abroad


CAREERS AND RECRUITING

According to the Grant Thornton International Business Report, 48% of U.S. private businesses are paying significantly more in staffing costs compared with a year ago, and 59% are more or significantly more focused on recruitment and retention of staff than they were a year ago.

But when compared to other countries, these U.S. companies have it easy. Internationally, 63% of private companies were paying more for staffing costs, and the same proportion reported an increase in focus on recruiting and retention. In India, 85% of employers reported a rise in labor costs.

Companies are also noticing the consequences of staff attrition, including increasing workloads for remaining employees (42%), higher operating costs (37%) and a decline in customer service standards (28%) .

Source: Grant Thornton International Business Report, www.internationalbusinessreport.com.

SPONSORED REPORT

How to make the most of a negotiation

Negotiators are made, not born. In this sponsored report, we cover strategies and tactics to help you head into 2017 ready to take on business deals, salary discussions and more.

VIDEO

Will the Affordable Care Act be repealed?

The results of the 2016 presidential election are likely to have a big impact on federal tax policy in the coming years. Eddie Adkins, CPA, a partner in the Washington National Tax Office at Grant Thornton, discusses what parts of the ACA might survive the repeal of most of the law.

COLUMN

Deflecting clients’ requests for defense and indemnity

Client requests for defense and indemnity by the CPA firm are on the rise. Requests for such clauses are unnecessary and unfair, and, in some cases, are unenforceable.