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NextGen Magazine


Business Execs Worried They Can't Find Skilled Personnel

Chris Gaetano
Published Date:
Sep 1, 2017

Having access to skilled staff is the number one concern of business executives, according to a recent survey from the AICPA. While generally optimistic about the U.S. economy, as well as their own expectations for profit and growth over the next year, 36 percent reported a moderate increase in competition for skilled staff while 21 percent reported a significant increase. The effect of this has been that 20 percent of respondents said they have lost out on top candidates and 52 percent have had to settle for someone less than ideal. A small number were not willing to settle, and so 7 percent reported they have left important positions open longer for lack of skilled candidates. 

In order to attract skilled candidates, 34 percent said they are offering higher salaries, 17 percent are offering financial incentives like employee stock options or 401(k) matching, 40 percent are promoting from within, 26 percent are doing more in-house training, and 21 percent are working to create more precise job descriptions for skilled positions. 

 The third-quarter AICPA Business and Industry Economic Outlook Survey was conducted Aug. 1-16, 2017, and included 775 qualified responses from CPAs who hold leadership positions, such as chief financial officer or controller, in their companies.