FinanceRegs.com » Accounting field outlook is strong despite economy

Accounting field outlook is strong despite economy

May 6, 2008 by Shane Borer
Posted in: Hiring & training staff, In this week's e-newsletter, Latest news & views

With the economy faltering, times — and budgets — are tighter than ever. But what can already-maxed out Finance departments expect in terms of new hires or cutbacks?

It’s mostly good news: 9% of companies expect to add full-time professionals, 5% plan staff reductions and the remaining 85% don’t anticipate any changes in Finance personnel. That’s according to the latest research from Robert Half International.

Those might not seem like a great numbers, but the 85% is really a blessing in disguise. It means the majority of departments will be able to handle current processes without fear of losing help and being stretched even further.

And those are just the national numbers. Depending on were your company’s located, there may be even greater reasons for optimism. In the South Atlantic region, for example, 13% of companies expect to add accounting and finance employees.

That’s partly because of the highly-competitive market, but it’s certainly relief for those who are either currently employed or are looking for a new job.

Industry factors in, too. Companies in the business services sector expect to see a 10% increase in hiring activity, while those in the construction industry anticipate a 7% spike in finance personnel.

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