Accounting And Finance Blog | Accounting Principals

September 19th, 2017 by Janet Berry-Johnson

Snapshot of a Tight Accounting & Finance Labor Market

It’s a good time to be an accounting and finance professional. Unemployment is low, and talent is in high demand. Here’s a look at what’s behind the tight labor market and what it means for employers and job candidates. The Bureau of Labor Statistics recently released its Current Employment Statistics Highlights for August of 2017 showing jobs in financial activities and professional and business services (the sector that includes accounting, bookkeeping, and payroll services) continue to trend up.

September 6th, 2017 by Janet Berry-Johnson

How to Win the Hiring Game in a Tight Labor Market

Companies looking to expand their accounting and finance teams are running into a problem. In the current economy, there just aren’t enough accounting and finance professionals to go around. While total U.S. employment is relatively low at just 4.4 percent as of August 2017, the unemployment rate for accounting and finance professionals is less than half that. This means more employers are having trouble filling job openings. There is also more competition to hold on to the talent they already have.

September 5th, 2017 by Accounting Principals

156,000 jobs added in August

The latest From the BLS Employment Report: The Labor Department released its August jobs report on Friday morning, providing the most updated snapshot of the American economy. The August jobs report showed an increase in total nonfarm employment by 156,000 jobs, while the unemployment rate ticked up slightly to 4.4 percent from 4.3 percent, and is expected to drop further in the coming months. The largest employment increases in August occurred in manufacturing, construction, professional and technical services, health care and mining.

August 29th, 2017 by Janet Berry-Johnson

SPOTLIGHT: Baby Boomers in the Workforce

Baby Boomers have had an enormous impact on the workforce, and even though they are reaching traditional retirement age at the rate of about 10,000 per day, don’t expect their presence to end anytime soon. Boomers still make up a large segment of the population, and many of them are managers and business owners. So let’s shine the spotlight on Baby Boomers in the workforce. Baby Boomer statistics Baby Boomers represent the 75 million people born between 1946 and 1964.

August 23rd, 2017 by Janet Berry-Johnson

New Credit Bill Gathers Bipartisan Support

Every day, business owners in nearly every industry conduct research and development work. This work aims to create and improve their products and services. Still, many of them miss out on the valuable Research & Development (R&D) tax credit, a credit intended to incentivize and stimulate research and development. According to a report from the Mercatus Center at George Mason University, the largest tenth of a percent of all organizations (0.13 percent) claims 82 percent of all R&D tax credit dollars.

August 16th, 2017 by Accounting Principals

What You Need to Know About Gen Z

We’ve been hearing about Millennials (born 1980-1995) for years now. They are already the majority of our workforce, and will account for 75 percent of it by 2030. Millennials sometimes get a bad rap. They’re often type cast as entitled and accused of job hopping. However, as they’re getting older and settling into their careers, their behavior is becoming more understood. Millennials, watched their Baby Boomer parents put work over their personal lives, and they are not willing to make that example.

August 9th, 2017 by Accounting Principals

Optimizing Success in a Generational Diverse Workplace

With Baby Boomers, Generation X, Millennials and Gen Z all working together under one roof, understanding how to motivate each generation is key. In our white paper, Generation Optimization, we dig into generational diversity in the workplace. We outline each generation to find out how to attract them to your organization, keep them there and motivate them to do their best work. Baby Boomers Baby Boomers (born 1946-1964) are the first generation to attend college, with 27 percent of them earning degrees.

August 4th, 2017 by Accounting Principals

209,000 jobs added in July

The latest From the BLS Employment Report: The Labor Department released its July hiring and unemployment figures on Friday morning, providing the latest snapshot of the American economy. The July jobs report showed an increase in total nonfarm employment by 209,000 jobs. The unemployment rate decreased slightly to 4.3 percent, continuing to hover at a 16-year low. The June jobs report was also revised up by 9,000 jobs to 231,000.

August 1st, 2017 by Frank Irving

A Multigenerational Workforce: Spotlighting Gen X

Today’s American workforce has four distinct generations working side-by-side: Baby Boomers, Generation X, Generation Y, and Generation Z. For a company to succeed,  all must coexist productively. Every generation offers distinctly different challenges, strengths  & work styles. The key to working with  a multigenerational workforce is understanding the needs & expectations of each generation to leverage  the combined potential of the group. Gen Y (Millennials) and Gen Z are the talk of the town. But what about those that came before them?

July 26th, 2017 by Accounting Principals

Best Interview Questions to Ask Accounting & Finance Job Applicants

Interviewing potential job candidates is a tough gig. Not only are you trying to find someone with the technical skills needed to get the job done, but you’re also looking for someone who can mesh well with the rest of the team. You’re looking for someone with sound ethics who works well under pressure and a dozen more desirable traits. So how do you ask questions that really get to the information you seek?

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