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Survey Finds Companies Spending More On Employee Expense Accounts

MENLO PARK, CA -- If your employer is giving you more latitude when it comes to spending on business entertainment, you’re not alone. In a recent survey, 62 percent of chief financial officers (CFOs) polled said their companies have increased employee expense account allocations compared to five years ago.

The survey was developed by Robert Half, the world’s first and largest staffing service specializing in the accounting, finance and information technology fields. It was conducted by an independent research firm and includes responses from 1,400 CFOs from a stratified random sample of companies with more than 20 employees.
CFOs were asked, “How have your company’s employee expense account allocations changed compared to five years ago?” Their responses:

 

Increased significantly 20%
Increased somewhat 42%
No change 19%
Decreased somewhat 5%
Decreased significantly 3%
Don't know/no answer 11%
  100%

“Today’s competitive business environment requires companies to pay particular attention to developing and maintaining relationships with clients,” said Max Messmer, chairman and CEO of Robert Half. “As more organizations benefit from continued economic prosperity and have greater financial resources to devote to expense accounts, they’re going to greater lengths to make a positive impression with business partners.”

Robert Half has more than 270 locations in North America, Europe and Australia, and offers online job search services at www.roberthalf.com.
 


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