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400 US and UK CFOs estimate labor compliance-related losses
['Adam Zaki', 'Dan Niepow']
CFO.com - Latest News
The findings are based on a survey of 400 CFOs in the U.K. and U.S. conducted by Censuswide on behalf of Safeguard Global from June 5-12.
Despite those estimated losses, confidence in international hiring remains high.
Compliance carries a financial costNo respondent selected "none" when asked to estimate losses tied to compliance risk during global expansion, according to Safeguard Global.
Another 27% estimated losses between $10,000 and $99,999, while 47% reported losses between $100,000 and $999,999.
And, according to Safeguard Global data, every global expansion incurs compliance-related issues that with proper planning, may be have been avoidable.