Contrary to What Many Believe, Demand for Accountants Is on the Rise

According to the Brilliant 2014 Hiring Forecast, there are more accounting staff jobs available in the United States so far this year than there were in all of 2013. The survey, which is taken on a quarterly basis in the IT, finance, and accounting professions, showed that 65% of respondents indicated that their company has job vacancies in all three areas. This represents a 7% increase from last quarter and a 14% increase from the same quarter in 2013.

Also, 35% of respondents indicated company plans to expand their staff, which is a 3% increase from last quarter and a 25% increase from the same quarter in 2013. All of this points to the fact that accountants are in much higher demand than the economy would seem to indicate or that many even within the profession might believe.

Although this clearly comes as a bit of good news for accountants currently in the job market, there is one catch. While there are a high number of companies with open accounting positions to fill, the majority of these employers are being much more conservative in their approach to hiring. Many are hiring accountants on a temporary or temp-to-perm basis or are being extremely rigid in their requirements for the job openings.

One of the reasons for this widespread level of caution that companies are taking is the volatile condition of the economy over the last several years. Also, many companies are under the misunderstanding that the demand for accountants is far lower than the supply, but that simply is not the case as qualified accountants often field multiple job offers.

But the discrepancy between the supply-and-demand of accountants versus what companies perceive it to be will inevitably cause business owners and human resources professionals to take notice of the reality of accountant availability. As a result, companies are expected to become a bit more flexible in their hiring requirements which should allow for better hiring numbers.