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Community News

Annual Salary Survey Shows it Pays to Hold CPA Designation

Over 2,800 respondents working in the accounting, finance and banking professions around the country responded to this voluntary online survey conducted by
Community News

Survey: Balanced Workload is Best, Underworked Employees Are Least Happy

When employees return to work from the holiday break, their natural tendency is to put in a full day's work - or even work a little extra.

'Franchising is Small Business at Its Best', Tax Services Franchise Tops List

For the 26th year Entrepreneur magazine is pleased to announce the top franchise opportunities. The Top 10 franchises for 2005 are: Subway Curves The Quiznos Franchise Co. Jackson Hewitt Tax Service The UPS Store Sonic Drive-In Restaurants Jani-King 7-Eleven, Inc. Dunkin' Donuts RE/MAX Int'l, Inc. America has stepped up to the sandwich bar once again - Subway comes in at No. 1 for the 13th time in 18 years.

The CIO's Transformation from Technology Steward to Business Leader

Unprecedented new governmental regulations, such as the Sarbanes-Oxley Act, increased global threats and a higher degree of vulnerability and risk have magnified the importance of information technology in growing and protecting shareholder value. Chief information officers, the traditional stewards of IT, are at the very epicenter of business transformation-either enabling or inhibiting change.
Education & Careers

Shortage of Accountants Leads to New Recruiting Strategies

Accounting firms are resorting to all forms of recruitment to keep up with the workload stemming from the Sarbanes-Oxley Act of 2002, which was passed to clean up corporate America in the wake of meltdowns at Enron, WorldCom and others. Charles Swanson, director of Ernst & Young's oil and gas practice in the Americas, has witnessed first-hand how far some companies will go to recruit new accountants.

Self-Employment Up Sharply For Women, Blacks, And Latinos

Self-employment rates for women, blacks, and Latinos have risen sharply since 1979, according to a study released this week by the Office of Advocacy of the U.S. Small Business Administration. During the period, self-employment rates increased across ethnic groups and gender, with an overall increase of more than five percent.“Self-employment is a critical part of our economy,” said Thomas M. Sullivan, Chief Counsel for Advocacy. “Self-employment provides the main source of income for a diverse group of over 12 million Americans.
Community News

Helping Your Employees See The Bigger Picture

by Roger Herman - In many ways, we're lucky to face the problems that we do--how to keep up with the IT explosion, how to find employees in a job market so tight you're sometimes lucky to find any applicants at all, how to keep qualified employees once you've found them... our problems are the easy kind, viewed from outside our daily lives. We don't really have to worry about where our next meal will come from, whether or not we'll find shelter for the night, or if we can provide for basic needs for our families and ourselves.
Education & Careers

Business Growth Continues to Fuel Demand for Accountants

Chief financial officers (CFOs) surveyed for the Robert Half International Financial Hiring Index expect a net 5 percent increase in the hiring of accounting professionals in the first quarter of 2005, down one point from the previous quarter's forecast but three points above projections made this time last year. Nine percent of executives polled plan to add staff, and 4 percent anticipate reductions in personnel. Eighty-six percent of respondents foresee no change in staff levels. The national poll includes responses from 1,400 CFOs from a stratified random sample of U.S.

Attract and Retain Quality People by Developing Talent Now

By: Eric Hunt - A major challenge in the accounting industry today is attracting and retaining quality talent. This issue seems to be discussed everywhere: industry conferences, partner meetings, media outlets, and college campuses. Rarely a day goes by that I do not talk to a firm that is worried about finding and keeping great team members. In the October issue of Inside Public Accounting, their Annual Analysis of Firms revealed how this is the #1 challenge faced by firms today.
Education & Careers

Success Linked to Risk Taking

What’s the difference between successful athletes, public figures, business leaders and regular folk like you and me? According to one man whose passion is learning the secrets of success, it’s the ability to “go out on the skinny branches” and take risks. In a newly released book, Masters of Success, Ivan Misner, PH.D. identifies seven traits and trends common to some of the most successful people in the fields of sports, business and entertainment.
Community News

Workers Surveyed Find Value in Performance Appraisals

It's that time of year again -- holiday parties, colder weather and, for many employees, annual performance reviews. Not everyone looks forward to these meetings, but a new survey shows that most workers find them beneficial. Seventy-seven percent of employees polled said they consider performance reviews valuable; 40 percent see them as very beneficial.The survey was developed by OfficeTeam, a leading staffing service specializing in highly skilled administrative professionals.
Education & Careers

Accounting Grads Face Best Job Prospects in Years

College graduates with accounting degrees are entering the working world at a good time - recruiters are eager, jobs are plentiful and offers are attractive. Four in five employers called the job market for new grads good, very good or excellent, according to a new survey by the National Association of Colleges and Employers. Last year, fewer than two in five described the job market that way, the Associated Press reported.Observers say graduates are facing the best prospects since the boom. The survey predicted college hiring will increase 13 percent over last year.
Education & Careers

What’s YOUR Weakest Link? Building a Strong Job Search Chain

By, Deborah Walker - A chain is only as effective as its weakest link—and you don't know which link is weak until the chain is tested. If your job search is falling short, one of your job-search skills may be the weak link. By analyzing your chain of job search skills, you can build a stronger chain, one that can stand up to any test.There are three critical links in your job search chain. Consider each of them carefully to determine your weakest link, then work to strengthen that link.

The Human Trend: Bonuses for New Hires

By, The Herman Group, Roger Herman and Joyce GioiaEmployers are becoming more aggressive in their pursuit of highly talented employees. Recruiting efforts are being stepped up. Once again, bonuses are being paid to new employees, just for joining the company. Nothing new, you say? True. The idea of hiring bonuses, which emanated from the highly paid world of professional sports, has been around for a while. Companies have paid recruiting bonuses for years, mostly to fill higher-level positions or jobs requiring rare skills. Soon sign-on bonuses will again become more commonplace.
Community News

Marsh Plans Steep Job Cuts Amid Plummeting Returns

Marsh & McLennan Cos. announced plans to lay off 3,000 workers as its profits nosedive and it prepares for a potentially costly settlement related to bid-rigging charges. The company said it has set aside a $232 million settlement reserve, which hurt third-quarter profits, the Wall Street Journal reported.
Community News

Disney Trial Shows Hollywood at its Worst

A Disney shareholder lawsuit is revealing a decidedly unglamorous picture of Hollywood, where threats and manipulation are considered business as usual.Michael Ovitz, the former president of the Walt Disney Co., has testified not only about the deep divisions in the company but also about the gritty reality of the entertainment business."From the time I started in the entertainment business, every network and every studio has threatened to sue every other company on a daily basis," Ovitz said during the trial, according to the New York Times.

Defendants Convicted in First Enron Trial

The government has secured all-important convictions against the first group of Enron defendants, signaling that juries have had enough of corporate malfeasance, the New York Times reported.Convicted Wednesday in a Houston federal court were four former Merrill Lynch executives and a former Enron official, who were found guilty of conspiring to help Enron report false profits.
Community News

BDO Appoints New Chief Executive, Chairman

Jack Weisbaum, 64, has been tapped to be the chief executive at BDO Seidman LLP, a company that has been the subject of a tax shelter investigation, the Wall Street Journal reported. A former vice chairman, Weisbaum had retired from BDO four months before his interim appointment last year but had continued to work as a consultant to BDO. Wayne Kollins, 60, was appointed chairman. The appointments come a year after a shake-up at the nation's seventh-largest accounting firm.
Community News

Ovitz, Eisner Relationship Spotlighted in Disney Suit

A shareholder suit brought about by outrage over the severance package paid to former President Michael Ovitz is unveiling some deep dissention in the House of Mouse, the Wall Street Journal reported.The Walt Disney Co.'s current and former executives are the hot seat in a Delaware courtroom, defending themselves against a seven-year-old shareholder derivative lawsuit, the Wall Street Journal reported.The suit accuses Disney's board of failing in its fiscal responsibilities by not properly scrutinizing Ovitz's employment contract when he joined the company in 1995 and then granting him a

Study: Strong Growth Expected in Malaysian Outsourcing Market

Malaysia's IT outsourcing market is expected to expand at an annual growth rate of more than 27 percent over the next five years, according to a new study.


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