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Accounting, Finance Workers Less Confident: Survey

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Even though overall confidence in the economy has improved among accounting and finance employees, fewer of them are confident about available opportunities within their own field. So say the results of a survey released on Monday by The Mergis Group, the professional placement division of SFN Group, Inc.

The Accounting and Finance Employee Confidence Index, which measures overall confidence among U.S. accounting and finance workers, dropped 4.0 points in Q1 of 2011 to 52.1. The survey, conducted by Harris Interactive, found that while close to a third (29%) of accounting and finance workers are confident in the economy’s strength—that’s up four points from Q4 2010—more than half, at 55%, believe there are fewer jobs available. That’s also up by 4%.

Brendan Courtney, president of The Mergis Group, said in a statement, "The financial landscape and job market remain relatively stable, despite the drop seen in this quarter's Accounting and Finance Confidence Index."

The number of accounting and finance workers who are confident in the future of their employers, however, don’t seem to agree. Their number has fallen; it now stands at 65%, where in Q4 of 2010 it was at 71%. This translates to a higher lack of confidence in keeping their jobs—those who believe they will remain employed now amount to 69%, where last quarter they numbered 78%.

With such doubt about their futures, it is perhaps not surprising to learn that only 36% are planning to switch jobs in the next 12 months. Last quarter 44% planned to do so.

Said Courtney, "While the Index took a dip over the past quarter, we direct our attention to the year-over-year trend which shows an upward movement of 1.5 points. This figure tends to be more stable and accounts for macroeconomic adjustments."


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