If your staff recruiting effort is overlooking social media, then some of the best candidates may be overlooking you. New college graduates are embracing social media as a job-search tool, according to a new study. Approximately 41 percent of 2012 college graduates in the market for a job are using social media to help them land one.
Business is good, but CPAs say the workload never eases up. by Rick Telberg CPA across all areas of the profession this summer are confirming the best hopes and worst fears that the profession felt when the year was beginning. Yes, business is up across all sectors and should continue to improve, especially for public practice firms, but there are not enough people to handle the work. Our readings are showing that two-thirds of CPAs in all sectors of the accounting profession are enjoying better business than last year. Asked to look 12 months into the future, roughly the same number expect their business conditions to be even better, although members in public practice are slightly more optimistic than members [...]
Marking the fourth consecutive month of decline, the bookkeeping and accounting industry contracted in June, shedding 4,200 full-time employees from May, ending at total employment of 954,800 workers and professionals, according to new data available to CPA Trendlines. Still, June’s employment level represented a 2.5% expansion over the June 2011 level, representing the 16th consecutive month of year-over-year gains for the industry. Overall, the nation’s unemployment rate remained unchanged in June at 8.2% as the economy added about 80,000 new jobs, far short of making a dent in the 13 million jobs lost beginning five years ago with a mortgage meltdown and a financial crash.
A new salary survey of management accountants isn’t bad news. but it’s not great news either…
Hint: It’s not about how smart they are or hard they work. By Rick Telberg How do you spot the hidden rock stars on your staff? And what do up-and-coming tax, accounting and finance professionals need to know to get ahead in today’s profession? These aren’t idle questions. Many firms and individuals are struggling with these issues right now. But don’t take it from me. Just listen to the decision-makers from a dozen firms I met with in a Milwaukee hotel recently. The mission: Learn how to deal with a looming new staff shortage. Some took away solid action plans. “Our firm,” said one, “is trying to develop our rock stars and this showed me we need to be doing [...]
It’s a process. by Gary L. Adamson Adamson Advisory There is a constant topic of conversation both inside firms and at almost every conference. It is the age-old question of partner compensation and “how do you do it”. As our firm grew, we evolved from everyone is equal, to the “slip of paper” approach, to a more goal driven, performance based system. Every firm is a little bit different but the issues surrounding how you split the pie are pretty consistent.
2011 finishes at new high. Average hourly earnings across all employees in the accounting and bookkeeping slipped slightly in the latest month, but rang in a solid gain year to year. With more than 970,000 workers, the Bureau of Labor Statistics calculates that workers earned $27.10 per hour in December, the latest month available, down from $27.10 in November, and averaging $26.51 for the year. The $26.51 rate for 2011 represents a 35-cent advance from 2010 and $2.68 more than in 2007, the first full year in the books
20 years of ups and downs, now up again. The number of people employed by CPA firms in the U.S. has topped 400,000 for the first time since last February, according to the latest data available to CPA Trendlines. Total payroll hit 401,500 people in December, up from 397,500 the month before and 390,700 the year before. Since 1990, the profession has grown from 320,600 people to 400,700 on average in 2011. Payrolls were slashed and rebuilt again and again through the last two decades.
Accounting firms hire the most, pay less. The average salary for accounting majors is averaging up 3.7 percent to $50,500, according to a new survey of college graduates and the employers who hired them.
CPA firms account for 2 in 3 new jobs. The nation’s tax, accounting, payroll and bookkeeping businesses added 3,100 employees in December, bringing the industry’s total headcount to 943,100, according to the latest government data obtained by CPA Trendlines.
Sixth month of year-over-year gains. by Rick Telberg Employment in the accounting and bookkeeping sector slipped by a statistically insignificant 800 jobs in August, to 922,400 people. That was barely a change from June’s 923,200-jobs level, and it represents the third straight month of declines. But it also represents the sixth month of year-over-year gains.