CFOs Worry About Salary & Benefit Costs as Pandemic Drags On
Survey shows managers forecast higher salaries for the next 12 months.
“Finance executives are increasingly worried about salary and benefit costs as they scrutinize company expenses amid the ongoing coronavirus pandemic, according to a third-quarter survey of about 1,070 executives released Thursday by the Association of International Certified Professional Accountants, a professional organization. Managers expect their costs for salaries and benefits to go up by 0.9% over the next 12 months, a reversal from the second quarter, when they expected those expenses to fall by 0.7%.”
Read the full Wall Street Journal article here.