Search

CFOs are projecting a 7.3% increase in wages and salaries for their companies in the next 12 months, according to a Deloitte survey of 200 finance chiefs at large companies. The financial services industry is expected to see the highest rise at 8.65%, while the energy sector anticipates the lowest increase at 5.69%. Despite the positive outlook, CFOs are considering various strategies to control wage costs, such as hiring internally and tying compensation to performance. Additionally, concerns about talent have decreased compared to other internal issues like tech deployment and efficiency. [Extracted from the article]

The article discusses the recent firings at Ernst & Young due to employees taking multiple online training classes simultaneously, which was deemed an ethical breach by the firm. The demands faced by CPAs, such as understaffing and the need for continuing education credits, were cited as reasons for the multitasking practice. While some experts supported EY's actions, others felt the punishment may have been excessive, and there were discussions about the need for clearer guidelines on training practices in the future. [Extracted from the article]

According to a survey conducted by KPMG, 83% of CEOs globally predict that companies will require a full return to in-office work within the next three years, an increase from 64% the previous year. The survey also revealed a generational divide, with older CEOs more likely to predict a full return to the office. Male CEOs were also more likely than female CEOs to bet on a full return to the office. However, KPMG warns that there is a "widening gap" between how executives and workers think about their workplaces, and that successful leaders will need to invest in and support a more flexible working environment. In the US, 79% of CEOs surveyed expect a full return to the office, while 17% anticipate a hybrid approach and 4% expect a fully remote work culture. [Extracted from the article]