Saturday, October 25, 2008

A NIMBY Attitude About Jobs

A majority of accounting and finance employees think the economy is weakening, but two-thirds are confident in their own firm’s ability to weather the storm, according to The Mergis Group’s latest Accounting and Finance Employee Confidence Index.

The survey found 67 percent of accounting and finance workers are “confident in their current employers’ future.” Only 41 percent said they were likely to look for a new job. About half said they were confident in their ability to find a new position – that’s down 12 percentage points from the second quarter.

"Market uncertainty has certainly increased in the third quarter as a result of the existing situation within the financial services sector. As expected, this uncertainty has affected accounting and finance workers' confidence," says Jack Causa, senior vice president and group executive for The Mergis Group.

"Though we anticipate seeing the continued effects persist throughout the fourth quarter, we remain encouraged by the sector's demand for accounting talent and its growth potential as developments continue in reporting regulations. We also foresee the emergence of new candidate opportunities in response to the government's intervention with financial institutions. Additionally, we have had success in placing financial services professionals in alternative industries where transferable skills can be parlayed into new career opportunities."

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