CPA Executives Predict HR Headaches


Staff-related issues will account for four of the top five challenges facing organizations in upcoming months, according to a survey of more than 1,350 CPA decision makers.


Ninety-five percent of respondents saw employee and benefit costs as a challenge of some type, with 25% classifying it as a major challenge. Rounding out the top challenges were the availability of management, professional and technical skills, regulatory requirements and staff turnover and retention.

More than 85% expect pricing and cost increases for employee salaries and benefits, with almost 45% predicting healthcare costs to increase by more
than 8%.

Source: AICPA Business and Industry Economic Outlook Survey , 2nd quarter 2007, http://fmcenter.aicpa.org .

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.