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Who Has "The EDGE"?
Job Market Survey of Employers and Employees Released


Oct/Nov 2008 (SmartPros) Today's tough economy is presenting challenges to employers and employees alike, according to the recently released 2008 Employment Dynamics and Growth Expectations (EDGE) Report by Robert Half International and CareerBuilder.com. The fourth annual study explores employment, hiring and compensation trends from the perspective of both hiring managers and workers in a variety of industries to gauge who has more leverage in the job market.



The report suggests that a dual hiring environment is taking shape. More than half of the employers interviewed in the national survey said it’s challenging to find skilled professionals. At the same time, more than half of the workers polled said it’s difficult to find a job.

While the employment market has become more competitive in some fields, within other areas, including accounting, demand remains strong for the best professionals. Following are more key findings from the EDGE Report that accounting and finance professionals can use when negotiating compensation with prospective employers or renegotiating with their current companies:

Salaries show modest increases. Despite the uncertain economy, employers know they can’t recruit and retain the best and brightest if they cut compensation. Sixty-five percent of hiring managers said their companies are willing to negotiate higher pay for qualified job candidates. Moreover, 53 percent of employees said their salaries went up in the last year; only 10 percent reported declines.

Candidates heading to the negotiating table. Rising costs for everything from gasoline to food may be prompting job hunters to be more assertive when discussing money. Nearly two-thirds (63 percent) of workers said they would attempt to negotiate a better compensation package with a new employer — a 5 percent increase from last year’s survey.

Employers perking up to win over Generation Y. Employers cited Generation Y workers as the most difficult to recruit and the hardest to retain. As such, many firms are making more attractive offers upfront, in addition to perks such as increased flexibility, in-house training opportunities, mentoring programs, tuition reimbursement and paid time off for professional development.

To request a copy of the EDGE Report, please call (800) 474-4253.

ACCOUNTEMPS is the world’s first and largest temporary staffing service specializing in the placement of accounting, finance and bookkeeping professionals. The company has more than 360 offices worldwide and offers online job search services at www.accountemps.com.

2008 SmartPros Ltd. All rights reserved.

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