Career Advice & News Center

According to the results of a recent survey, about half of accountants believe that their companies are not doing everything possible to prepare for and foster an economic recovery.

Ajilon Finance Solutions, a provider of senior level financial and operations support, today announced the conclusions of an online survey which polled 486 finance professionals. The review revealed that 46 percent of accountants say their business could do more to prepare for a recovery, while eight percent believe their company is "poorly prepared."

Highlighting the role of the financial industry in the recession, a total of 92 percent of respondents with jobs in the field said that finance has assumed a more strategic role in helping companies endure the economic downturn.

"As our economy enters a period of recovery, managers will need to handle a host of new challenges and opportunities from how much to invest in capital improvements to when to start hiring again," said Andrew Reina, a regional practice director for Ajilon.

He added, "All of these changes mean companies will need to have a solid grasp of their financial picture and hiring requirements."

With the release of their report, Ajilon representatives highlighted steps that accountants and financial corporations can take to help prepare for an economic recovery.

Because lay-offs have escalated and workloads have increased dramatically, the financial services provider advises that novel talent management techniques will help companies grow. Specifically, applicants seeking a job in finance should expect "on-demand" positions to open, allowing companies to create a flexible workforce, more immune to exhaustion from assigned duties.

In 2006, the median annual wage and salary for financial analysts was $66,590, according to the Bureau of Labor Statistics. The overall employment of financial analysts and personal financial advisors is expected to grow by 37 percent during decade leading up to 2016.