Bull Bear Report Dec 06 2010

Firms Optimistic About Finance Hiring, Study Says

By julie steinberg

Companies are optimistic about hiring in their finance and accounting groups over the next six months, according to a December 2010 Mergis Group financial recruiting report.

Of the 68% of respondents who said they were planning to hire at their companies over the next six months, almost two thirds (60%) of HR respondents and recruiters said they are planning to hire within the finance and accounting sector. That number is up from 40% of respondents who answered similarly in the Mergis Group's last report, which was released in June of this year.

Of the two thirds who responded that they intended to hire in the finance and accounting sector, 78% said they would bring on less than 10 people, 17% said they're hire between 11 and 50, and 5% intend to hire more than 50.

Most (96%) companies will hire permanent employees, while 12% will hire on a per-project basis and 9% will hire contingent workers.

When it comes to qualifications, companies are putting a premium on work experience, which was most important for 86% of respondents. Personality/cultural fit came in second place, with 67% of the vote, and years of work experience came in third with 66%.

When asked which positions they were most likely not to outsource, respondents overwhelmingly chose compliance, reporting and risk management. That's good news for American workers who are eager to start crossing the t's and dotting the lower case j's.

Write to Julie Steinberg




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