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...

OECD calls for coordinated fight against corporate tax avoidanceDavid Jolly of the New York Times reported that dozens of countries with the most advanced economies have agreed on principles for concrete action to prevent...
AgFeed agrees to pay $18 million to settle SEC accounting fraud caseMichael Rapoport of the Wall Street Journal reported on Monday that AgFeed Industries Inc. has agreed to pay $18 million to settle US Securities and...
Many accountants struggle with payroll, either because they have too much of it or they don't want to do any of it. Either way, they are at odds with the needs of their business clients. Most clients are looking for a...

Already a member? log in here.

Upcoming CPE Webinars

Sep 18
In this course, Amber Setter will shine the light on different types of leadership behavior- an integral part of everyone's career.
Sep 24
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.
Sep 30
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Oct 23
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.