Employees: finding them, losing them, replacing them.

BY JOURNAL



EmployeesFinding Them


U.S. businesses face an employee shortage. As you and your competitors continue to add personnelpossibly scrambling for each others workersare you prepared to handle turnover issues? Do you know how to get the most out of the staff you have?

The Growth Trend
Companies predicting current positive economic conditions will

  Companies planning changes in staffing levels
 

 
The Turnover Problem   The IT Solution
 
Cost of replacing each employee (per 45% of respondents): $10,000
To reduce turnover, some companies

  Fast-growing companies are turning to information technology (IT) to get the most out of the employees they have now.
Percentage of companies that have upgraded IT in

Sources: The Growth Trend: 848 midsize to large companies, William M. Mercer, Inc., New York City; The Turnover Problem: 206 midsize to large companies, William M. Mercer; The IT Solution: 441 fast-growing companies in $1 million to $50 million revenue range, Coopers & Lybrand, Trendsetter Barometer, New York City.


SPONSORED REPORT

2019 State of Financial Reporting Survey

We surveyed nearly 600 finance and accounting professionals on their month-end close and reporting processes. See the results.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.