Private businesses across the U.S. and around the world are paying significantly more for staff than they did a year ago, according to a report by Grant Thornton.

The accounting firm found that 48 percent of private businesses in the U.S. are paying more for staff this year. Meanwhile, staffing costs have risen at approximately 63 percent of private businesses globally. In India, 85 percent of private employers report a rise in labor costs. Grant Thornton sees an impact on U.S. companies that hope to save money by outsourcing work abroad.

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