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, ItÂ’s 2008: Do You Know Where Your Talent Is? www.deloitte.com .


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Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.