In terms of pricing pressure, 77 percent are most concerned about the price of employee benefits, while 31 percent are concerned about insurance, and another 30 percent about raw material costs. Although 30 percent are concerned about rising energy costs, that's less than the 35 percent who were expecting rising energy prices just six months ago.
Less than a quarter (24%) report that they are more worried about their organization's ability to continue as a going concern compared to this time last year.
|
About which type(s) of pricing pressure are you most concerned? (Check all that apply.) | ||
|
9/09 |
3/09 | |
|
Employee benefits (e.g., health care, pensions) |
77% |
76% |
|
Energy |
30% |
35% |
|
Raw materials (e.g., food, metals) |
30% |
30% |
|
Insurance |
31% |
29% |
|
Other |
14% |
15% |
|
Is your company reducing average costs per employee in any of these employee benefit and compensation areas? (Check as many that apply.) | ||
|
Increasing |
Reducing | |
|
401(k) match |
3% |
26% |
|
Bonuses |
7% |
55% |
|
Disability benefits |
3% |
10% |
|
Health care benefits |
7% |
33% |
|
Life insurance benefits |
2% |
11% |
|
Salary raises |
9% |
42% |
|
Stock options and other forms of equity-based compensation |
6% |
34% |
|
Compared to this time last year, are you more or less worried about your organization's ability to continue as a going concern? | |
|
More worried |
24% |
|
About the same |
45% |
|
Less worried |
31% |
* Percentages may not total 100 due to rounding.
About the survey
Grant Thornton LLP conducted the biannual national survey from Sept. 21 through Oct. 2, 2009, with 846 U.S. CFOs and senior comptrollers participating.
About Grant Thornton LLP
The people in the independent firms of Grant Thornton International Ltd provide personalized attention and the highest quality service to public and private clients in more than 100 countries. Grant Thornton LLP is the U.S. member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations. Grant Thornton International Ltd and its member firms are not a worldwide partnership, as each member firm is a separate and distinct legal entity.