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:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 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.
