• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Nearly 61 Pc CFOs Plan To Hike Average Employee Compensation This Year

OMMCOM NEWS by OMMCOM NEWS
February 15, 2025
in Business
Salary

New Delhi: About 61 per cent of CFOs globally are planning to increase average employee compensation this year, compared to 71 per cent in 2024 and 86 per cent in 2023.

According to a Gartner report, CFOs are planning significant technology budget increases, viewing digital investments as crucial for growth and efficiency.

While 77 per cent of respondents plan to boost spending in the technology category with almost half 47 per cent of CFOs intending to increase spending by 10 per cent or more in 2025 compared to last year.

The results underscore the critical role of technology in driving profitable growth and efficiency across industries.

The continued focus on technology aligns with developments in traditional and generative AI, which promise to drive new offerings, enhance decision-making, and boost productivity, said Randeep Rathindran, Distinguished VP, Research in the Gartner Finance practice.

According to the report, although the cooling labour market gives organisations more negotiating power on compensation, CFOs should remain sensitised to the potential risks of attrition and low engagement as prices for household necessities remain stubbornly high.

The report further stated that most sectors are prioritising technology spending in 2025.

In the retail sector, cost of goods sold (COGS) and compensation are likely to see increases as organisations aim to enhance product quality and customer interactions. Meanwhile, in the banking sector, compensation and external services are also prioritised to attract technical talent and outsource nonstrategic work.

Rathindran said that investing in technology is no longer a choice but a necessity for companies aiming to maintain a competitive edge.

The consistent increase in technology budgets across sectors highlights the ongoing strategic shift towards digital transformation as a driver of innovation and efficiency, he mentioned.

Globally, firms have been sustaining this high pace of technology spend increases over time as 50 per cent of CFOs had already planned to boost the technology budget by 10 per cent or more last year, and 43 per cent planned the same in 2023, said the report.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

Centre Orders Probe Into Alleged Irregularities In Kejriwal’s ‘Sheesh Mahal’

Next Post

TN Assembly Polls: DMK Planning More Organisational Revamp To Win 200 Seats

Related Posts

Business

India, Kyrgyzstan Ratify Bilateral Investment Treaty

June 5, 2025
Business

India commits $20 billion for maritime infrastructure development: Sarbananda Sonowal

June 5, 2025
Business

Indian Maritime Firms Bag Shipbuilding Orders At Oslo Meet

June 5, 2025
Business

Lok Sabha Speaker Om Birla Highlights India’s Resilient Growth At BRICS Parliamentary Forum

June 5, 2025
Business

Sensex, Nifty End In Green Ahead Of RBI MPC Decision

June 5, 2025
Business

Centre Eases SEZ Norms In Big Push To Semiconductors, Electronic Parts

June 5, 2025
Next Post

TN Assembly Polls: DMK Planning More Organisational Revamp To Win 200 Seats

India And Thailand Celebrate Cultural Ties In Bangkok

Minister Krushna Chandra Patra

Odisha Govt Extends e-KYC Deadline For Ration Card Holders

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.