Missing the Train


Missing the Train
T he typical U.S. company spent nearly 50 times as much to recruit a professional making $100,000 a year than it did to train that person. Across all compensation levels, U.S. companies spent $1,415 in recruiting costs for every $10,000 of new-employee pay. But the median training expense per full-time worker was only $288. Larger companies did worse: Enterprises employing more than 5,000 spent only $109.

Source: Deloitte Research, It’s 2008: Do You Know Where Your Talent Is? www.deloitte.com .

SPONSORED REPORT

Building client loyalty with payroll services

In this report, CPA experts detail their tactics for performing successful payroll services, how to mitigate risk in the process, and the impact payroll can have as a value-added service.

PODCAST

Using drones to enhance audits

Hermann Sidhu, CPA, global assurance digital leader at EY, walks us through EY’s exciting new project to use drones to help audit large warehouses and outdoor inventories.