Part 4/7:
Firms are also striving to shed their negative reputations. For example, EY has reportedly raised starting salaries for its audit associates by around $10,000, demonstrating a commitment to addressing employee satisfaction and retention.
In addition to improving salary structures, many firms are looking at global outsourcing as a cost-effective solution. By shifting certain tasks to countries with lower wage requirements, firms may preserve more resources to enhance compensation and benefits for their domestic employees.