A new survey from the staffing company Accountemps of 2,200 CFOs across the U.S. found that 63 percent plan to promote their top performers, while 52 percent intend to offer raises.
The CFOs were asked, “Which of the following steps are you taking or do you plan to take to retain your employees as the economy improves?” In addition to offering promotions and raises, 50 percent of the CFOs surveyed plan to increase their investment in professional development and training, while 48 percent intend to enhance employee benefits such as health insurance and retirement packages. As for reinstating or increasing bonuses, 32 percent of the CFOs surveyed are inclined to do that. However, 21 percent have no plans at all. You can see an infographic displaying the results below or by clicking here.
On Friday, the U.S. Bureau of Labor Statistics reported that employers added 223,000 jobs in April, sending the unemployment rate down a tenth of a point to 5.4 percent, the lowest level since May 2008. Wage growth also increased slightly, with average hourly wages going up 3 cents an hour to $24.87. Over the past 12 months, average hourly earnings have increased by 2.2 percent, the BLS reported.
Among the sectors seeing job growth were professional and business services, which added a robust 62,000 jobs in April. Over the prior three months, the job gains in that sector averaged just 35,000 a month. The accounting and bookkeeping services sector specifically, though, lost 1,500 jobs from March to April.