Firms now recovered about 9 in 10 jobs lost in financial collapse. By CPA Trendlines The U.S. tax, accounting and bookkeeping industries have recovered nearly 89 percent of the jobs lost in the economic crisis, according to CPA Trendlines sources. CPA Trendlines Careers and Hiring Outlook Job Satisfaction and Retention Benchmarks Here CPA Trendlines reports on: Current hiring trends in each of the bookkeeping, tax, payroll and CPA segments of the industry. Average hourly wages for key segments. Typical hours worked per week. And trends concerning women in the accounting workforce. The U.S. economy as a whole added 209,000 jobs in July. In addition to the growth of 47,000 jobs in professional and business services, increases were seen in […]
The U.S. tax, accounting and bookkeeping industries are turning out to be one of the brightest spots in the nation’s economy, adding jobs faster than all but a handful of sectors, according to CPA Trendlines sources. Here CPA Trendlines reports on: Current hiring trends in each of the bookkeeping, tax, payroll and CPA segments of the industry. Average hourly wages for key segments. Typical hours worked per week. And trends concerning women in the accounting workforce.
Firms are hiring, and many staffers are thinking about a job change. Get more details, join the survey. By Rick Telberg CPA Trendlines Now five years since the banking crash that forced record layoffs at tax and accounting firms, new survey results from CPA Trendlines Research show intensifying competition for talent, with more than 42% of accountants reporting that their firms are hiring and about half of all staffers ready to make a move. “There’s a labor shortage out there,” according to Chris Hatcher, a partner at Louisville, Ky., Baldwin CPAs. “Finding good talent is hard.” Hatcher says Baldwin CPAs is looking for professionals with ambition, which he defines as an “owners mentality.” In this report, CPA Trendlines Research: – […]
Finance sector jobless rate falls to 4.7% from recession high 7.7% With the job market strengthening, career opportunities for finance, tax and accounting professionals are widening to places like Seattle and Phoenix, beyond traditional financial industry centers like New York according to a new study. The full list of the Top 10 cities to find a finance job: Dallas, TX Houston, TX San Francisco, CA Irvine, CA NYC & Long Island Atlanta, GA Seattle, WA Richmond, VA Chicago, IL Phoenix Source: Accounting Principals Says Jodi Chavez, senior vice president, Accounting Principals: “As the economy improves and most sectors are seeing improvement, finance professionals’ options are also growing.”
But CPAs lag behind non-CPAs. Get the accountants’ business outlook: Join the survey; see the results. By Rick Telberg CPA Trendlines The tax and accounting industry is extending a two-year expansion by adding 2,500 new jobs in the latest month, according to CPA Trendlines research. In this report: Employment trends for the public accounting, bookkeeping, tax and payroll sector of the economy. Licensed CPA firms are lagging in growth behind non-CPA accounting providers. Employees book more hours. But wage growth gets cut back. More jobs and better pay for higher-paid positions and for men; fewer new jobs and smaller pay increases for women and production workers. CPA firms add to headcounts more slowly than non-CPA firms, grant lower pay increases, […]
Finance and Accounting Professionals Forecast Improving Job Prospects through 2013 [PRO Member Exclusive]
Rebound in confidence after two quarters of decline. Next Question: What’s your best career advice? Join the survey; get the answers. A leading measure of overall confidence among U.S. finance and accounting workers, rose 5.4 points to 55.8 in 4Q 2012 — ending a two-quarter decline, according to new data reported by CPA Trendlines. The new survey finds growing confidence in job availability and in workers’ personal employment situations, despite continued tepid sentiment in the strength of the economy.
But many CPA firms appear to be missing out on the recovery. by Rick Telberg CPA Trendlines Research The nation’s tax and accounting industry appears to have re-started expansion with new hiring in January, after a two-month pause at the end of 2012 in November and December, according to CPA Trendlines research. But the gains appear to be concentrated in non-CPA-owned offices. Analysts are attributing the 2012 year-end economic stall to two major storms which slowed economic activity: One, Hurricane Sandy, and, the other, Congress, which has been gridlocked under a bubble of hot air. CPA Trendlines PRO members: Get the instant download full report (PDF, 20 pages), here.
Survey of college professors provides clues for successful recruiting. Internships and social networks speak loudest when new college accounting graduates weigh their first jobs offers, according to a new Public Accounting Report survey obtained by CPA Trendlines. The study ranks the relative importance of factors to students when choosing a job offer, including: Access to latest technology Compensation and benefits Desirable location or geographic base Long-term career opportunities Technical reputation The firm’s long-term business outlook The firm’s quality of life in terms of an employee-friendly environment Whether the offer is from a Big Four firm Workplace diversity And the survey reveals the companies and CPA firms soon-to-be graduates are hoping to join: A company in private industry Any Big Four […]
Corporate CPAs turn sour on economic outlook…
Best August ever. by Rick Telberg The U.S. accounting and bookkeeping sector of the economy added 3,500 new jobs in August bringing the full-time workforce in the industry to 955,000, a new all-time record high for the month, according to preliminary new data obtained by CPA Trendlines. RELATED INSTANT DOWNLOAD – 2013 Salary Guide JOIN THE SURVEY, GET THE RESULTS – The CPA Careers and Hiring Outlook: Job Satisfaction and Retention Benchmarks JOIN THE SURVEY, GET THE RESULTS – Top Talent Strategies: How to Identify and Develop Professionals for Management and Leadership Responsibilities In addition, the CPA Trendlines analysis shows:
Marks 16 months annualized expansion. But CPA firms are a different story. Accounting and bookkeeping services, All employees in thousands, thru July 2012 The accounting and bookkeeping industry, which includes CPA firms and payroll agencies, added a statistically meaningless 500 jobs in July, according to new data sourced by CPA Trendlines. July ended with 953,200 FTE’s, up from June’s 952,700. But it’s in the year-over-year gains where the trend is more clear. And the story at CPA firms is much different.