Finance and Accounting Employee Confidence Index Trends Down in Q1

      Finance and Accounting Employee Confidence Index Trends Down in Q1

PR Newswire

BOSTON, June 12, 2013

BOSTON, June 12, 2013 /PRNewswire/ -- The Mergis Group Finance and Accounting
Employee Confidence Index, a measure of overall confidence among U.S. finance
and accounting workers, decreased 2.4 points to 53.4 in the first quarter of
2013 after rebounding in the last quarter of 2012. The Mergis Group survey,
conducted online by Harris Interactive® among 190 U.S. finance and accounting
workers in January, February and March of 2013, finds that alongside the drop
in overall confidence, there has also been a decline in their confidence level
in job availability and in their personal employment situation.

"Although the first quarter of the year brought a declining confidence level
among finance and accounting workers, we believe this may be an anomaly due to
the recent sequester and the economic uncertainty it is creating among
consumers overall," said Steve McMahan, President of The Mergis Group. "In
fact, several recent reports continue to reflect the promising growth of the
finance and accounting sector in the coming year. For example, the Financial
Planning Association's 2012-2013 study revealed that 43 percent of firms
intend to hire new staff in 2013. As of January, those predictions appeared to
be on track, seeing the highest volume of job ads posted online in the past
four years, according to Wanted Analytics. An ongoing challenge for finance
and accounting professionals in getting the right job this year is the ability
to possess and excel in the most in demand skills and to offer value-added
education achievement such as an MBA with an IT or auditing background. As the
housing market continues to show strong recovery, there will also be more
growth in the mortgage industry but specifically directed at origination.
Refinancing will begin to slow as rates rise so origination may be the most
in-demand skill in the near future."

Q1 2013 Survey Highlights:

Finance and Accounting Workers Believe the Economy is Getting Stronger

  oNearly a third (30 percent) of finance and accounting employees believe
    the economy is getting stronger, rising five percentage points from the
    fourth quarter of 2012. The number of finance and accounting workers who
    believe the economy is getting weaker fell five percentage points, from 37
    percent to 32 percent.

Fewer Finance and Accounting Workers Believe More Jobs are Available

  oJust 20 percent of finance and accounting employees believe more jobs are
    available, falling three percentage points from the previous quarter.

Confidence in Ability to Find New Jobs Slips

  oJust under half (49 percent) of finance and accounting workers are
    confident in their ability to find a new job, slipping four percentage
    points from the previous quarter. The number of workers who say they are
    not confident they could find a new job increased by 10 percentage points,
    from 16 percent to 26 percent.

More Workers Likely to Job Search

  oMore than a third (37 percent) of finance and accounting workers say they
    are likely to look for a new job in the next 12 months, an increase from
    33 percent last quarter. More than half (53 percent) say they are not
    likely to job search, falling five percentage points from the previous
    quarter.

The Finance and Accounting Confidence Index provides insight 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.

Survey Methodology
This survey was conducted online within the United States by Harris
Interactive on behalf of The Mergis Group from January 14-16, February 11-13,
and March 5-7 2013, among 3,631 adults 18 and older, of which 190 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.

About The Mergis Group
The Mergis Group is a leading professional placement firm that specializes in
recruiting for positions in finance and accounting, 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 now a part of Randstad. For more
information, please visit www.mergisgroup.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 US, 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 5,660 employment experts, Randstad puts an average of nearly 100,000
people to work in the U.S. each week, through its network of more than 900
branches and client-dedicated locations.

Learn more at www.randstad.com and access Randstad's panoramic US 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.

SOURCE The Mergis Group

Website: http://www.mergisgroup.com
Contact: Media, Marie Difrancesco, (212) 798-9835,
marie.difrancesco@cohnwolfe.com; Lesly Cardec, (954) 308-6302,
lesly.cardec@randstadusa.com
 
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