Tag Archives | jobs

The Future of the Accounting Workforce

The Future of the Accounting Workforce

“Firms who are hiring new accountants or accounting majors have to understand where the newer generations are “coming from,” as a Boomer (born 1946-1964) might say, to target a style that will bring out the next generation’s (the Millennial Generation’s) strengths and maximize their effectiveness. This involves discarding biases and pre-conceived notions, and enjoying our generational differences—and similarities!

Millennial workers grew up in a technology-driven world. As a result, the way we do business has changed dramatically over the last 2-3 decades. As a result, they often operate under different perspectives than older workers do. Companies across North America that recognize that the differentiator is their people will emerge as winners in the battle for talent. They’ll design specific techniques for recruiting, managing, motivating, and retaining them.

A notable demographic shift will begin to occur in 2011 when the oldest Baby Boomers (b. 1946) hit the United States’ legal retirement age of 65. As Boomers begin retiring, members of Generation X will take roles in middle and upper management. Millennials will take positions in the workforce. This process has already begun since some members of Millennials in their late 20s.

Other scenarios that will become commonplace will include

  • Experienced Boomers reporting to Millennials
  • Members of all three generations working side-by-side on teams
  • Millennials calling on Gen X clients

And, all this is going to happen while three generations continue the process of finding a way to get along in an uncertain workplace.

This is made all the more interesting given the gap between these two generations: Gen Xers complain that the Millennials are indulged, self-absorbed and overly optimistic, while Millennials charge that Gen Xers are cynical, aloof and don’t appreciate fresh ideas and idealism….”

More at WikiCFO.com

future of accounting workforce


Employment in Services to Dominate US Job Growth

The US Department of Labor issued a report yesterday detailing expected changes in US job growth or employment over the next decade.

Employment in Services to Dominate US Job Growth

The US expects service related jobs to constitute virtually all (96%) jobs created through 2018. The health care industry employment constituting a significant portion.

Whereas, the US expects manufacturing employment to continue its long decline. The recent recession accelerated it to the tune of two million manufacturing jobs.

In addition, the US expects a third of new job openings to require educational attainments past the high school level.

All in all, this report seems to confirm that the basic trends in the US economy over the last four decades will continue. In that time, the country has moved from an exporting creditor nation with a large manufacturing base to an importing debtor nation heavily dependent on the technical and financial service industries for economic growth.

Click here for the actual report.

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US Job Growth

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US Job Growth


Corporate America

A thought occurred to me while digesting the news that the current presidential administration, upon discovering that most new jobs are created by small businesses, has seen fit to offer “help” to them in order to save the Republic.

Corporate America

What a fine land this is to live in for a large business! Governments at all levels will bow before you and grant every wish you have in exchange for locating your operations in their taxing jurisdiction, so long as you bring “jobs” and their families along. Health care “reform” means politicians catering to your every concern and ensuring that someone else pays for it, most likely the small businessman whom those politicians claim to defend from “big government.”

This is no longer a land for the risk taker, the entrepreneur, the individual who dares to live their life differently, and not just wear a certain brand of clothes or drive a certain car to prove their individuality.

The federal government doesn’t care about you when it needs taxes to pay for all of its excessive borrowing, a part of which went to subsidize the foolishness of large Wall Street firms. Not to mention that it had been subsidizing those firms with easy credit and low rates for a long time before.

Yet now, Uncle Sam needs you lest the proletariat wake from its slumber due to double digit employment. And so, once more, the managed economy is proven a failure, yet we cling to it, as children settled into our beds for a long winter’s nap, waiting for Santa to bring gifts for us to open in the morning.