Economy Looking Bleaker to Accounting and Finance Workers

But 3 in 10 looking for new jobs.

The Mergis Group’s accounting and finance employee confidence index increased 0.6 points to 53.9 in the third quarter,  showing a decline in employee confidence in the economy and job market, that was more than offset by increased optimism in their own personal employment situations.

“Workers’ confidence in the economy and job market have dimmed,” according to Brendan Courtney, president of The Mergis Group, which commissioned the survey. “Conversely, workers are now indicating greater confidence in the future of their current employers and in their ability to find a new job.”

“Moreover,” he said, “three in ten workers indicate that they are likely to make a job change in the next 12 months.”

Some key results from the report:

  • 23% believe the economy is getting stronger, representing a 10 percentage point drop from the second quarter of 2010.
  • 60% believe there are fewer jobs available, up 10 percentage points from the previous quarter.
  • 73% are confident in the future of their current employer, an increase of 11 percentage points from the second quarter of 2010.
  • 44% report confidence in their own ability to find work, compared to 36% the previous quarter.

“While our index showed little movement in the third quarter, our latest report reveals significant fluctuations in workers’ viewpoints,” Courtney said.

“With 2011 right around the corner, employers are encouraged to make an extra effort by acknowledging employees who have weathered the economic turbulence with the company” he said. “Employers who heed these statistics are less likely to be faced with an unhappy workforce that jumps ship at the first sign of a full economic recovery.”