Confidence among accounting and finance workers drops slightly in Q1

Overall confidence among accounting and finance workers in the United States dipped 0.3 index points to 50.6 in the first quarter of 2010, according to the Accounting and Finance Employee Confidence Index and a recent survey commissioned by The Mergis Group, the professional placement division of SFN Group, Inc.

The survey, conducted by Harris Interactive, reveals a slight hiccup in confidence among accounting and finance workers in the first few months of the New Year due to declining personal confidence.
“Our Accounting and Finance Confidence Index remained relatively unchanged in the first quarter of 2010, showing a fractional dip as more workers revealed lagging confidence in their personal job security and ability to find a new job,” Brendan Courtney, president of The Mergis Group, said of the survey findings. “However, it was encouraging to see an increase in the amount of workers citing confidence in the job market and strength of the economy.
Additional finding from the Accounting & Finance Employment Report include:
  • Fifty-five percent of accounting and finance workers believe there are fewer jobs available, representing a 15-percentage point drop from the fourth quarter of 2009.
  • Nearly one-third (32 percent) of accounting and finance workers are not confident in their ability to find a new job. This is an increase of 7 percentage points from the previous quarter.
  • Fewer accounting and finance workers believe it is not likely they will lose their job in the next 12 months. Specifically, 64 percent of workers believe it is unlikely, versus 74 percent in the fourth quarter of 2009. This marks the lowest level in the history of the survey.
“As forecasted, the economic recovery process has been, and will likely continue to be, gradual. Despite this, an increasing number of widely-recognized economic indicators have continued to trend more positively,” Courtney said. “As we speak with companies, we continue to hear optimism about their long-term hiring outlook, specifically in the arenas of tax, regulatory compliance, accounting, and audit. Moving forward, we see green engineering, health care, and government as bright spots in the economy.”
You can read more information about survey background information and demographic results.
About The Mergis Group:
The Mergis Group is a professional placement firm that specializes in recruiting for positions in finance and accounting, engineering and manufacturing, sales and marketing, legal, and human resources. The firm provides recruiting services to Fortune 500 and small and mid-sized companies through its network of 35 offices nationally.
Related articles:


You may like these other stories...

It's not a reality—yet—but accounting software is poised to eliminate accountants. We are at a tipping point for many similar professions: online education replacing professors, legal software replacing...
Inversions: Loophole Is the ProblemJacob J. Lew, the U.S. Treasury Secretary, published an opinion piece in the Wall Street Journal that "the system has become full of inefficiencies and special-interest loopholes. That...
Whenever I speak to accountants about creating a cloud practice, the most common question is, “How do I charge my clients?” Ten years ago, maybe even five years ago, if I would’ve posed this question...

Upcoming CPE Webinars

Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.