October 22, 2014

CEO Sounding Board

Sounding Board: What trends are you seeing in hiring?

And, what’s happening with employment costs?

Cynthia Barnett | 8/1/2012

Mark Lettelleir
Mark Lettelleir
[Photo: Mark Wemple]

Mark Lettelleir
President/CEO
Modern Business Associates
St. Petersburg

We’re starting to see people hire, but it’s not anywhere near (back to) the level where they ... downsized, right-sized — whatever you want to call it. I’ve heard it from a number of my clients — they’re able to do as much or more with less than they ever have before. ... Employees are in many cases the largest expense of any organization, not only their salary or hourly wage but the benefit side — matching Social Security, federal unemployment, state unemployment, covering them on workers’ comp, health insurance. They’re obviously going up. Workers’ comp rates are starting to creep back up. Unemployment (taxes) will continually increase over the next few years. We owe so much money to the federal government, we’re going to have to pay it back. Everybody is going to continue to try to manage the cost (of health benefits) and put more of the onus on the individual.”

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Gasoline Prices: Why Are They Going Down Now?
Gasoline Prices: Why Are They Going Down Now?

Gasoline prices in the U.S. are the lowest they've been in four years. Why?

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Jeb Bush has said he'd accept tax increases as long as they are paired with federal spending cuts. This stance runs counter to conservatives who oppose tax hikes. Is Bush right?

  • Yes - raising taxes should be considered
  • No - there's enough money, need to manage it better

See Results

Ballot Box
Subscribe