Worker confidence reaches highest level in more than two years

The Accounting and Finance Employee Confidence Index increased 2.7 points to 53.3 in the second quarter of 2010, according to a recent survey. The index is a measure of overall confidence among U.S. accounting and finance workers.

The survey indicates the highest level of confidence among accounting and finance workers reported since the fourth quarter of 2007. The Q2 index primarily is attributed to an increase in confidence in the overall economic landscape and job market. The survey was conducted by Harris Interactive, and commissioned by The Mergis Group, the professional placement division of SFN Group, Inc.
Additional results from the Accounting & Finance Employment Report:
  • One-third of accounting and finance workers believe the economy is getting stronger, representing an increase of four percentage point from the first quarter of this year.
  • Half of accounting and finance workers surveyed believe there are fewer jobs available. This is a decrease of five percentage points from the previous quarter.
  • More accounting and finance workers are reporting that they are likely to look for a new job in the next 12 months. Specifically, 33 percent of workers believe they will make a job transition versus 29 percent in the first quarter of 2010.
"We are encouraged by the increase in our Accounting and Finance Confidence Index during the second quarter," Brendan Courtney, president of The Mergis Group, said of the report's findings.
"While we have seen many economic indicators head in a positive direction, the buzz of a potentially stalled recovery has yet to completely wane. The road to economic stability has undoubtedly been and will continue to be bumpy," Courtney said.
"However, the forecast remains optimistic for those within financial services, where there has been job expansion and the unemployment rate for this sector is hovering more than two percentage points below the national rate of 9.5 percent," he said. "This may bode well for those looking to make a job transition into some of the more steadfast careers, such as tax accountants, financial analysts, loan officers, and compliance directors."
The 2010 Mergis Accounting & Finance Employment Report for the second quarter was conducted online April 12-14, May 10-12, and June 16-18, 2010. This survey was conducted among a U.S. sample of 4,367 employed adults, aged 18 years and older, of whom 223 work in accounting and finance positions. Results were weighted as needed for age, sex, race/ethnicity, income, education, and region. Propensity score weighting also was used to adjust for respondents’ propensity to be online.
Related articles:

You may like these other stories...

Accountants without a succession plan are hurting not only themselves but their clients as well. Here are seven ways to see your practice continues after you retire—some of them are better than others.What Are Your...
Boehner, Camp profit from corporate bid to avoid US taxesRichard Rubin of Bloomberg reported on Tuesday that House Speaker John Boehner (R-OH) and House Ways and Means Committee Chairman Dave Camp (R-MI) profited from a...
In my last article, I discussed the model of value pricing and the benefits this billing structure offers you and your clients. However, in order to set up the right value pricing for your client, you need to know what...

Already a member? log in here.

Upcoming CPE Webinars

Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.
Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Sep 11
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.
Sep 26
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.