America's labor market may be inching closer to a tipping point.
The latest Duke University/CFO Global Business Outlook showed U.S. employers plan to boost wages 3.3 percent in the coming year and almost half of the 510 firms surveyed are struggling to fill job openings. Attracting and retaining qualified personnel is one of the top concerns of chief financial officers, according to the quarterly survey that ended Sept. 4.
"CFOs say they are increasing wages in response to labor market pressures and difficulty finding key workers," John Graham, a finance professor at Duke, said in a statement. "Employment should continue to increase over the next year but at a somewhat slower pace."
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
