Numbers decline for older partners and women.
By CPA Trendlines Research
The Rosenberg MAP Survey
These are the top 10 findings in the 18th annual Rosenberg MAP Survey – not listed in order or priority, the report’s authors say, but close to it.
MORE FROM THE SURVEY: CPA Firm Revenues Rise a Hefty 8%
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Nearly 40% of them are in the health care industry.
By Hitendra Patil
Accountaneur
If you have ever struggled to set yourself free from offering only commoditized, generalist types of accounting services and you thought it was very difficult to identify the niches you should focus on, relax! The Bureau of Labor has the answers for you.
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The latest Bureau of Labor Statistics Occupational Employment and Wage Estimates survey has revealed the secret of which professions are earning the most money.
How savvy CPA firms are fighting back.
By CPA Trendlines Research
A new state CPA society report on the dwindling number of college graduates who are pursuing CPA credentials underscores an issue that’s already being confronted by some forward-thinking accounting firms.
The statistics are daunting:
Todd Shapiro, the Illinois CPA Society president and chief executive, calls the stagnating CPA pipeline “a threat that will only get worse and grow more troubling without action because there’s no slowdown in sight for accounting talent demand.”
Firms jockey for best recruits.
By CPA Trendlines Research
CPA firms should be braced to pay more and further improve their workplace offering perks to attract top talent, according to staffing firm Robert Half International.
The already hot market for hiring is stoked to get even more heated with RHI predicting that starting salaries for accounting and finance professionals will increase by an average 3.7 percent in 2017. That’s the second highest level of pay hikes projected for all major professional employment sectors nationwide, trailing only the white-hot technology sector, where it sees average starting pays rising 3.8 percent.
The Menlo Park, Calif., firm warns that “competition for top talent can be fierce,” and notes that many firms are already increasing salaries and bonuses to be tops in their local market areas or business niches. “With skilled professionals in high demand and short supply, more employers are willing to negotiate compensation with potential hires,” said Paul McDonald, senior executive director at RHI.
Hourly earnings drop everywhere.
By CPA Trendlines
Maybe it’s the restlessness that comes with the shift from summer to fall. Employment figures were up and down all over the place, according to new CPA Trendlines research.
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Still, the industry as a whole hit a new high. And women are making huge gains – in accounting overall, in CPA firms and especially in payroll, where their jump from a year ago is an astonishing 16.2 percent.
In this report, CPA Trendlines highlights: