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

CPEOs provide peace of mind around payroll services

The creation of these new IRS-certified service providers for small businesses clarifies some issues around traditional professional employer organizations.

QUIZ

Pronoun practice to help polish your prose

Using pronouns correctly in writing and speech can help you make a good impression. Try our 10-question quiz.