Business consulting services
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
Business process solutions
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
Business risk services
The relationship between a company and its auditor has changed. Organisations must understand and manage risk and seek an appropriate balance between risk and opportunities.
As organisations become increasingly dependent on digital technology, the opportunities for cyber criminals continue to grow.
Forensic and investigation services
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
Mergers and acquisitions
Globalisation and company growth ambitions are driving an increase in M&A activity worldwide. We work with entrepreneurial businesses in the mid-market to help them assess the true commercial potential of their planned acquisition and understand how the purchase might serve their longer- term strategic goals.
Recovery and reorganisation
Workable solutions to maximise your value and deliver sustainable recovery
Transactional advisory services
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
The International Financial Reporting Standards (IFRS) are a set of global accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of public company financial statements. At Grant Thornton, our IFRS advisers can help you navigate the complexity of financial reporting from IFRS 1 to IFRS 17 and IAS 1 to IAS 41.
Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
Corporate and business tax
Our trusted teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
Direct international tax
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
Global mobility services
Through our global organisation of member firms, we support both companies and individuals, providing insightful solutions to minimise the tax burden for both parties.
Indirect international tax
Using our finely tuned local knowledge, teams from our global organisation of member firms help you understand and comply with often complex and time-consuming regulations.
Innovation and investment incentives
Dynamic businesses must continually innovate to maintain competitiveness, evolve and grow. Valuable tax reliefs are available to support innovative activities, irrespective of your tax profile.
Private client services
Our solutions include dealing with emigration and tax mitigation on the income and capital growth of overseas assets.
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public
Tax policies are constantly evolving and there are a number of complex changes on the horizon that could significantly affect your business.
Outsourcing Changes to the Outsourcing legislation, specifically when offshoringSignificant changes to the dynamic of the financial services sector in recent years have shifted the paradigms in how we work. The increased digitisation of the workforce, changes in business models, globalisation, and remote working capabilities have led to a new approach to the delivery of services.
Asset management Inflation and tax planningThe recent onset of rapid inflation is an unwelcome development that is having a widespread impact on US businesses and tax planning.
Businesses in world’s largest economies find hiring plans squeezed by lack of skills
Businesses in the world’s three biggest economies, the United States, China and Japan, are increasingly feeling the heat when it comes to recruiting skilled staff according to the Grant Thornton International Business Report (IBR), a survey of 2,500 business leaders in 35 economies. Given that these countries together represent over a third of global output, a deficit of skilled staff could have a significant knock-on effect on economic growth not just in these economies but beyond.
The IBR asked businesses around the world about the extent to which a lack of skilled workers is constraining their ability to grow. Since 2012, the global average has increased by just three percentage points to 31% who say it is a problem. But the rises in the US (nine percentage points to 25%), China (five to 35%) and Japan (12 to 52%) have been far more substantial. The problem has increased as businesses in these markets look to increase hiring: 41% of US businesses want to add people over the next 12 months, slightly ahead of Japan (34%) and China (30%).
, global leader for people and culture at Grant Thornton, commented:
"It is always a concern when businesses are struggling to plug talent gaps in their organisation. Unemployment is relatively low in both China and Japan, where the populations are ageing rapidly, and the US has been adding jobs at a very healthy rate over recent quarters so businesses have little room for manoeuvre. Because of the collective trading power of these three economies the repercussions of slower business growth will be felt the world over.
"However, on the positive side it is encouraging that businesses are looking to take on new people. Improvements in jobs tend to lag recoveries as companies 'run lean' and wait to see sustainable increases in demand before adding people on permanent contracts. The increase in employment expectations uncovered by the IBR therefore suggests that businesses are more confident in the economic outlook. And of course jobs create demand so the hope is that the global economy is entering a virtuous cycle."
In the US, China and Japan, the proportion of businesses looking to hire new workers is now at its highest since before the global financial crisis according to the IBR. The proportion of businesses citing a lacking of skilled workers has now also reached or surpassed 2008 levels in all three economies.
Francesca Lagerberg added: "As the battle for talent intensifies, business leaders need to ensure they have the right recruitment and retention policies in place. Pay and incentive structures are potent tools, but if a business cannot find the right people externally, then upskilling the current workforce also becomes a priority. Businesses need to invest in their internal training programmes to mould the people that will help them deliver on strategy, innovate and ultimately grow.
"We also need to improve the dialogue between educational institutions, governments and business leaders. Unemployment statistics often hide the thousands of people who have given up looking for work and dropped out of the labour market. The issue isn’t really a shortage of people: it’s a shortage of people with the skills businesses need."
– ends –