PHILADELPHIA, PA, October 16, 2013 /24-7PressRelease/
-- Times are tough, and the people of the world understand how difficult it is to find a job, according to CPA Howard Lapensohn. The beauty of the accounting industry is that it is secure, and accountants are in constant demand. But just because someone does not have a degree or license in accounting does not mean that it is impossible to find a job. In fact, a recent survey has actually revealed that upper management professionals have high expectations for the amount of people that will be hired in the upcoming year.
in Accounting Today reports the findings gathered by a new survey held through the American Institute of CPAs. The AICPA Economic Outlook Survey is performed each quarter and polls CEOs, CFOs, and other CPA-related positions throughout various United States companies. These executives and senior managers have revealed that, despite the troublesome economy, they expect to increase their hiring expectations in the very near future.
About a week ago, the United States Bureau of Labor Statistics reported that hiring trends are still weak, as they have been over the past few years. Howard Lapensohn indicates that the figures generated from the AICPA survey actually show these trends reversing. The next 12 months will see an increase in hiring expectations due to a variety of factors. Of the executives surveyed, 15 percent claimed that they had too few employees and will be hosting large hiring events within the next year. This percentage is higher than the 12 percent from the last quarter and exponentially larger than last year's nine percent.
The industries that are predicted for the highest job growth rate are technology; construction; and professional, technical, and scientific service sectors. Experts state that the growth rate has been steadily rising this entire year, which indicates a major turnaround for the United States economy. Larger businesses that make over one billion dollars in annual revenue are more likely to report that they have too few employees, making them potential leaders in the hiring boom.
The CPA Outlook Index is a gauge that measures executive sentiment within the hiring survey. It was recently reported to be at 69 points out of a 100, the same that it was last quarter. Neutral is considered 50 points, and anything higher is regarded as positive, showing that there is a fairly optimistic outlook for hiring.
"The Outlook Index has seen changes across varying fields," reports Howard Lapensohn. "The economic outlook has risen a small amount compared to last quarter, which we can attribute to concerns such as health care reform and political happenings. Regardless, this is much higher than what it was a year ago. This time last year, economic optimism was 21 points less, showing that things are getting better."
Howard Lapensohn and other CPAs are optimistic for the job potential over the next year and hope see an intense drop in the unemployment rate.
Howard Lapensohn is a certified public accountant who has been named the COO of Facial Concepts, Inc. in April 2012. This company sells products that are designed to help reduce signs of aging skin. Howard was also named the business manager of Cardiovascular Medical Associates PC in August of 2012. He is an avid philanthropist and does a lot of work with Golden Slipper Club. Howard is the service chair for the audit community and the former president of their former local nursing home facility.