Layoff Worries Hit Record Low Among Accounting & Finance Workers | AccountingWEB

Layoff Worries Hit Record Low Among Accounting & Finance Workers

Worker confidence among accounting and finance professionals rose 5.9 points, to 112.5 in August, according to the most recent Hudson Employment Index. The current level is more than ten points above the level of the previous August. Another new record was set during August, as well, when the number of workers expecting lay offs fell 5 points, to a record low of 15 percent.


Advertisement



A Better Budgeting and Planning Solution is here. Microsoft® Forecaster is an affordable way to customize your budgeting and planning to give you the control you need to manage your business' performance. As soon as you enter a number, it's available for analysis, allowing you to see how it impacts revenue and costs. This streamlined budgeting and planning solution helps decrease the chance for errors and miscommunication. And with Microsoft Forecaster, changes are easy to make. Even last-minute ones.

Visit www.microsoft.com/forecaster for more information.


In addition, the Hudson Employment Index for accounting and finance professionals also indicated:

  • Three-quarters of workers were not concerned about job loss in August, compared to July’s 72 percent.
  • The number of workers expecting their companies to hire rose 7 points, to 37 percent in August.
  • Job satisfaction climbed to 77 percent in August, up from July, when 74 percent of the workforce was happy with their situation.
  • The number of workers describing their finances as excellent declined 7 points, to 18 percent, from a record high 25 percent in July.

“This year has not been easy on employees’ wallets,” said Steve Wolfe, Senior vice president, Hudson, noting that overall, personal finance situations improved slightly during August, even though they faltered among accounting and finance workers.

The overall Hudson Employment Index rose a single point, to 102.9 in August. It was the most substantial increase since May. Nominal improvement was also seen in job satisfaction, however hiring expectations declined overall.

The August Hudson Employment Index was based on telephone surveys with 9,244 U.S. workers. The Index tracks aggregate employment trends regarding career opportunities, hiring intentions, job satisfaction and retention. The data is compiled each month by Rasmussen Reports, LLC, an independent research firm.

Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.