Finance and Accounting Worker Confidence Hits Nearly Seven-Year High

PR Newswire

BOSTON, May 15, 2014 /PRNewswire/ -- The Randstad Professionals' Finance & Accounting Employee Confidence Index reached a near seven-year high in the first quarter of 2014, rising by three points to 64.3. The last time confidence levels were this high in this sector was in 2007, at 67.5 in the third quarter.

The score represents the highest confidence level among all industries surveyed by Randstad, including engineering, IT, manufacturing and logistics, office and administration and healthcare. The online survey of 152 finance and accounting employees, conducted by Harris Poll on behalf of Randstad Professionals, also found renewed confidence among workers regarding job security and the future of their current employers.

Nearly three-quarters (71%) of finance and accounting workers feel confident in the future of their current employer, representing a 14 percentage point improvement from 57 percent last quarter. Additionally, the clear majority (82%) believes they are not likely to lose their jobs in the next 12 months, rising significantly from 69 percent in the fourth quarter of 2013.

"We aren't surprised to see finance and accounting workers possess the highest confidence level among all industries we survey," said Rebecca Callahan, Group President, Randstad Professionals. "The outlook for jobs in the finance and accounting sector is very optimistic, as demand for these skills continues to grow. In fact, several finance and accounting-related professions were among the top five 'Best Business Jobs of 2014,' according to U.S. News and World Report.

"Topping the list at number one was market research analysts, a role which the Bureau of Labor Statistics (BLS) predicts will grow by 31.6 percent between 2012 and 2022," Callahan added. "Accountants secured the number three spot as the Labor Department predicts more than 166,000 new openings will be created between now and 2022. Finally, personal financial advisors will be in large demand as the BLS anticipates a 27 percent employment growth over the next few years. These job titles mirror our own client needs—along with public accountants and internal auditors—and represent the skillsets that are highly sought after right now." 

Q1 2014 Survey Highlights:

Finance and Accounting Workers Slightly Less Confident in Ability to Find New Jobs

  • A little over half (56%) of finance and accounting employees are confident in their ability to find a new job, dropping three percentage points from the previous quarter.  

Economy's Strength Growing, According to Finance and Accounting Workers

  • A significant improvement from last quarter, more than four-in-10 (41%) finance and accounting workers believe the economy is getting stronger, and only 20 percent believe the economy is weakening – a 12 percentage point decline from Q4 2013.

Confidence in Employers' Future Grows

  • Just over seven-in-10 (71%) finance and accounting workers feel confident in the future of their current employer, representing a 14 percentage point improvement from 57 percent last quarter.   

Job Security Rebounds This Quarter

  • The clear majority (82%) of finance and accounting employees believe they are not likely to lose their jobs in the next 12 months, jumping significantly from 69 percent in the fourth quarter of 2013.

Survey Methodology
This survey was conducted online within the United States by Harris Poll on behalf of Randstad Professionals from January 6-8, February 3-5 and March 3-5, 2014 among 3,210 adults ages 18 and older, of which 152 are employed in finance and accounting. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables, please contact lesly.cardec@randstadusa.com.

About Randstad Professionals
Randstad Professionals is a leading professional placement firm that specializes in recruiting for positions in finance and accounting, human resources and sales and marketing. The firm provides recruiting services to Fortune 500 and small- to mid-sized companies through its extensive network of offices across the nation. For more information, please visit www.randstadusa.com

About Randstad US
Randstad US is a wholly owned subsidiary of Randstad Holding nv, a $22.0 billion global provider of HR services. As the third largest staffing organization in the U.S., Randstad holds top positions in permanent placement, office and administrative, IT and accounting and finance. From professional services, commercial staffing, recruitment process outsourcing, to managed services and more, Randstad delivers a comprehensive range of temporary, temporary-to-hire, permanent placement and outsourced placement services. With its 5,324 employment experts, Randstad puts an average of approximately 100,000 people to work in the U.S. each week, through its network of nearly 1,000 branches and client-dedicated locations.

Learn more at www.randstadusa.com and access Randstad's panoramic U.S. thought leadership knowledge center through its Workforce360 site that offers valuable insight into the latest economic indicators and HR trends shaping the world of work.

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