The nation’s chief financial officers anticipate that wages will rise 3.3 percent in the next 12 months, while hiring is expected to rise 2.4 percent.
The latest quarterly survey by Duke University and CFO magazine, released this week, also found that wage and employment growth is projected to be strongest in tech, services and consulting, health care and construction.
John Graham, a finance professor at Duke’s Fuqua School of Business, said in a video released in conjunction with the survey that a 2.4 percent uptick in hiring would “continue to put downward pressure on the unemployment rate.”
Graham also noted that the expected increase in wages is well above the 1.5 percent inflation rate.
“That means we’re going to have real wage growth in the United States, where wages outgrow inflation,” Graham said. “So certainly employees will be happy to hear that.”
Duke and CFO Magazine reported earlier this month that its latest survey also found that more than 80 percent of of U.S. companies report that they have been successfully hacked.
Small and mid-sized companies are even more to be hacked than larger companies.
“The reason that we think small and mid-sized companies are more likely to be successfully hacked is because their defenses are weaker,” Graham said.
The latest survey was concluded June 5 and garnered responses from 508 chief financial officers in the U.S. and Canada.