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Paradox: CFOs maintain optimism for North America, but not their own companies

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Additional findings from the survey include:

  • Employees will bear more responsibility for rising health care costs: Nearly 80% of CFOs say they are managing health care costs by shifting financial responsibility to employees. The proportion is highest in the U.S. at nearly 95%, with Mexico and Canada at 31% and 40%, respectively. 

  • Compensation will rise modestly: Salary and wages are expected to rise 2.9% over the next year, with Financial Services highest at 3.6% and all other industries at 2% or above. Sixty-three percent of CFOs believe compensation will increase for highly-skilled staff and 44% believe the same for low-skilled workers. 

  • Executive compensation remains unadjusted in response to strong U.S. dollar: More than 75% of CFOs do not plan to adjust executive compensation in response to the strong U.S. dollar, believing executive and shareholders' situations should be similar whether the exchange rate is favorable or not.

 

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