cpa firms expand by 6%. tax prep takes losses.
new highs in headcounts and hourly wages.
by beth bellor
there were bright spots in several sectors of the latest employment figures, but let’s get the ball rolling with the most gleaming: payroll services, which set a couple of new highs on the way to positive year-over-year marks in every measure but hours.
and by “positive,” we mean the likes of 16 and 17 percent.
more on staffing: the disruptors: re-inventing accounting with tyler anderson | stop complaining and start innovating | staff retention for remote workers | staffing shortage cripples growth at 40% of firms | is it time to outsource? | the six essential kpis for managing partners | competing for talent in a private-equity world | the great resignation: five reasons accountants are quitting | a tech stipend for employees? why not? | five ways to get staff to own their work
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payroll services overall hit a new high of 192,300 employees, up 1,500, or 0.8 percent for the month, and 28,800 or 17.6 percent for the year.
those employees worked 35.8 hours, up 12 minutes or 0.6 percent for the month but down 2 hours 6 minutes or 5.5 percent for the year.
their earnings set a record at $40.53, up 20 cents or 0.5 percent for the month and $5.18 or 14.7 percent for the year.