But why is hiring up and wages down?
By CPA Trendlines
Accounting employment in most sectors once again hit new highs, according to new CPA Trendlines research.
Gains over 5 percent were seen year over year in overall staff employment; CPA staff employment; women overall, at CPA firms and in payroll; payroll overall and staff numbers; and payroll staff hours. Unfortunately, that last group saw their earnings swing down even more.
The CPA Trendlines Monthly Jobs Report has been following a decline in wages and a simultaneous increase in headcounts, which may signal a new dynamic at play in the industry. Robert Fligel, president and CEO of RF Resources, the leading New York CPA firm M&A broker and executive recruiter, suggests several factors may be the cause. “I think firm are hiring more lower level people, like more new college grads; more home-grown talent; and the effect of outsourcing.”
In this report, CPA Trendlines highlights:
- Current hiring trends in each of the bookkeeping, payroll, tax and CPA segments of the industry.
- Average hourly wages for key segments
- Typical hours worked per week
- Trends concerning women in the accounting workforce
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