Survey: Finance and Accounting Worker Confidence Up in Q2

By Jason Bramwell
 
Confidence among US finance and accounting employees hit a high in the second quarter of 2013, spiking nearly ten points from the previous quarter and reaching levels not seen since before the recession, according to a new survey from The Mergis Group.
 
The Mergis Employment Report, which is released quarterly by The Mergis Group, a Boston-based staffing agency that is a part of Randstad USA, encompasses employee attitudes and sentiment around the economy, job market, job security, employers, and in their ability to find a new job.
 
Of the 173 US finance and accounting workers surveyed for the second quarter study, 42 percent believe the economy is getting stronger, up twelve percentage points from the first quarter of 2013. The number of employees who believe the economy is getting weaker dropped from 32 percent last quarter to 16 percent this quarter.
 
Eighty percent of respondents said they felt secure in their jobs, up from 71 percent last quarter. Nearly one-third (31 percent) of finance and accounting employees believe more jobs are available, up from 20 percent from the previous quarter.
 
Forty-two percent of those in finance and accounting said they are confident in their ability to find a new job, compared to 49 percent in the first quarter. However, the number of workers who said they are not confident they could find a new job decreased from 26 percent to 15 percent.
 
Nearly four in ten (38 percent) finance and accounting workers said they are likely to look for a new job in the next twelve months, increasing one percentage point from the previous quarter. More than half (56 percent) responded they are not likely to job search, up from 53 percent last quarter.
 
"We are seeing a lot of movement in the finance and accounting space, particularly in areas such as insurance underwriting and financial analysis," Steve McMahan, president of Randstad Finance & Accounting, Randstad Human Resources, Accountants International, and The Mergis Group, said in a written statement. "We've also seen a major spike in transactional-based accounting searches, technical accounting, domestic tax, and audit searches at the analyst, accountant, and manager levels."
 
About the survey:
The survey was conducted online within the United States by Harris Interactive on behalf of The Mergis Group from April 1-3, May 7-9, and June 4-6 among 3,626 adults eighteen and older, of which 173 are employed in finance and accounting. This online survey is not based on a profitability sample and, therefore, no estimate of theoretical sampling error can be calculated.
 
Related article:
 

You may like these other stories...

With complex financial issues playing a larger role in litigation, and people increasingly turning to CPA experts to involve themselves in everything from criminal investigations to shareholder disputes to uncovering assets...
 Event Date: April 24, 2014 In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel. David will introduce the Macro Recorder, which transforms actions...
College accounting students across the country are once again assisting low-income taxpayers—and getting some invaluable hands-on experience in the process – volunteering as certified tax preparers for Volunteer...

Upcoming CPE Webinars

Apr 17
In this exciting presentation Excel expert David H. Ringstrom, CPA shares tricks that you can use with pivot tables every day. Remember, either you work Excel, or it works you!
Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.