Over half of CFOs and senior controllers anticipate wages and bonuses will not rise in the next six months, according to a survey by Grant Thornton.
Fifty-three percent of U.S. CFOs and senior controllers surveyed by the firm said they plan to make no salary changes in the next six months, while 32 percent plan to decrease and only 15 percent plan to increase salaries.
There is little chance for an increase in bonuses either, according to the CFOs and controllers surveyed, as 47 percent plan no change, 44 percent plan to reduce, and only 8 percent plan to increase bonuses. In terms of pricing pressure, 68 percent are most concerned about the price of employee benefits, while 29 percent are concerned about raw material costs and another 26 percent are concerned about energy costs.
Only 12 percent of the 496 respondents report that they are more worried about their organizations ability to continue as a going concern compared to this time last year.
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