Many Accountants Retain Employer Loyalty through Market Turbulence

August 5, 2009 (PLANSPONSOR.com) - Accountants in a recent survey showed considerable employer loyalty despite the job pressures of the down economy.

A news release about the poll byAjilon Finance and the Institute of Management Accountants said 57% plan to stay where they are even after the economy improved.

When asked where they see themselves in five years, 44% of respondents anticipated serving in a more senior role at their current company with a much smaller 25% planning to change employers within that time frame.

Some 23% of the 458 accountants surveyed say they plan to look for new jobs when the economy rebounds, according to the survey.

“Despite the deterioration of the overall job market over the past year, accountants are still in great demand nationwide,” said Jodi Chavez, senior vice president of Ajilon Finance, in the news release. “That said there is still a strong core of highly-skilled accounting professionals available for hire. Companies which are gearing up for the transition to International Financial Reporting Standards (IFRS), the implementation of XBRL-tagged financial statements or even just for the coming tax season should take the opportunity now to snap up top accounting talent while it is available.”

The survey was conducted June 17, 2009.

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