Finance and Accounting Q3 Employee Confidence Index Decreases for Second
BOSTON, Nov. 1, 2012
BOSTON, Nov. 1, 2012 /PRNewswire/ --The Mergis Group Finance and Accounting
Employee Confidence Index, a measure of overall confidence among U.S. finance
and accounting workers, decreased this quarter to 50.4. This was a 2.2 point
decline over the second quarter of 2012, although 5.3 points higher than this
time last year. The Mergis Group survey, conducted online by Harris
Interactive® among 183 employed finance and accounting workers, indicates a
decline in both macroeconomic and personal confidence.
"Over the past two quarters we have seen a decline in the overall confidence
levels of finance and accounting professionals," said Steve McMahan, executive
vice president of Randstad US, Professionals. "While the current reading is
down from the multi-year high recorded in the first quarter, it is worth
noting that confidence levels are still running five points higher than at
this time last year. It is also noteworthy that this decline in sentiment is
occurring alongside a simultaneous decline in the nation's unemployment rate,
suggesting the drop in confidence may be based less on actual economic
performance and more on recent negative news coverage of economic conditions
abroad, especially in Europe. Furthermore, as the housing market continues
towards a path toward normalization and historically low interest rates, many
financial lending institutions are looking to ramp up their end-of-year hiring
efforts. In the month of September alone, more than 13,000 jobs were added in
the financial services sector, with much of the growth in real estate and
rental and leasing sub-sectors. It is highly likely that skilled mortgage
originators, processors, underwriters, closers and loan modification
specialists with advanced regulatory knowledge will likely be in high demand
in the final months of 2012."
Q3, 2012 Survey Highlights:
Four-out-of-Ten Finance and Accounting Workers Believe the Economy is
oForty percent of finance and accounting employees believe the economy is
getting weaker, an increase of two percentage points from the second
quarter of 2012.
Fewer Finance and Accounting Workers Believe More Jobs are Available
oA mere 15 percent of finance and accounting employees believe more jobs
are available, representing a decline of six percentage points from the
previous quarter. However, 53 percent believe that fewer jobs are
available, representing no change from the previous quarter.
Fewer Workers Confident in Their Ability to Find New Jobs
oLess than four-out-of-ten (38 percent) workers are confident in their
ability to find a new job, a decrease from 42 percent in second quarter
2012. Subsequently, close to one-quarter (24 percent) say they are not
confident in their ability to find a new job.
More than One-Quarter Likely to Look for New Job
oMore than one-quarter (26 percent) of finance and accounting workers say
they are likely to look for a new job in the next 12 months. However, 58
percent say they are not likely to make a job transition.
The Finance and Accounting Confidence Index supplies insights into employee
attitudes and sentiment around the economy, job market, job security,
employers and in their ability to find a new job. Together with other economic
indicators, employers can use this report to assess the overall health of the
finance and accounting industry and their workforce. To view the latest
quarterly trends report, click here.
This survey was conducted online within the United States by Harris
Interactive on behalf of The Mergis Group from July 10-12, August 14-16 and
September 11-13, 2012, among 3,790 adults ages 18 and older, of which 183 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
About The Mergis Group
The Mergis Group is a leading professional placement firm that specializes in
recruiting for positions in finance and accounting, engineering and
manufacturing, sales and marketing, legal and human resources. The firm
provides recruiting services to Fortune 500 and small and mid-sized companies
through its network of 35 offices nationally. The Mergis Group is a now a part
of Randstad. For more information, please visit www.mergisgroup.com.
Randstad is a $22.5 billion global provider of HR services and the second
largest staffing organization in the world. From temporary staffing to
permanent placement to inhouse, professionals, search & selection, and HR
Solutions, Randstad holds top positions around the world and has approximately
28,700 corporate employees working from its nearly 4,700 branches and inhouse
locations in 40 countries. Founded in 1960 and headquartered in Diemen, the
Netherlands, Randstad Holding nv is listed on the NYSE Euronext Amsterdam.
Learn more at www.randstad.com.
SOURCE The Mergis Group
Contact: Lesly Cardec, Senior PR Director, Randstad, 800-422-3819,
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