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Workforce Worries: According to CFOs

Another interesting tidbit from the October 2007 issue of CFO Magazine.

U.S. CFOs were asked their biggest workforce worries. Of those who ranked the following items in their top three, here are the percentages:

  • Cost of labor…48%
  • Consumer demand…40%
  • Health-care costs…36%
  • Credit markets/interest rates…33%
  • Skilled-labor shortage…31%

Having just signed the updated agreement for health care for our employees, I can relate to #3. Our out-of-pocket health insurance costs went up over 22% for the second year running.

What are your business borrowers worried about?

Do they look to you as part of their team to help them weather the challenges?

What are you reading, and learning, to be of greatest assistance?

About the Author
Linda Keith CPA is an expert in credit risk readiness and credit analysis. She trains banks and credit unions throughout the United States, both in-house and in open-enrollment sessions, on Tax Return and Financial Statement Analysis. She is in the trenches with lenders, analysts and underwriters helping them say "yes" to good loans. Creator of the Tax Return Analysis Virtual Classroom at www.LendersOnlineTraining.com, she speaks at banking associations on risk management, lending and director finance topics.