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Improved accounting and financial employment outlook.

A quarterly survey of 1,000 chief financial officers conducted for Robert Half International suggested hiring of accounting and financial personnel in the third quarter of 1993 would be at peak levels for the year.

Of the CFOs polled, 11% expected to add accounting and financial personnel in the third quarter, while only 4% expected a reduction. The 7% net increase in hiring expectations compared with a 4% net increase for the second quarter and was the highest net increase since the survey initially was conducted in September 1992.

Pat Daniel, a CPA owner and manager of P&J Beverage Corp., Inc., a small retailer in Columbus, Georgia, noticed a pickup in hiring of accounting and financial personnel in her geographic area during the first half of the year but could not forecast a continuation in the second half. Harold A. Hyatt, a Pennsylvania member of the AICPA professional issues subcommittee associated with the computer industry, said that industry was still going through a period of "reengineering," a euphemism for cost-cutting and job reductions. He said the hiring outlook for accounting and financial personnel. in the third quarter was dim.

On the other hand, Chester P. Sadowski, vice-president, controller and chief accounting officer of U.S. Homes, Houston, expected to add to his financial staff as well as to his internal audit staff in the near future. With the home-building industry in a recovery, he thought his competitors also would add to their accounting and financial staffs.
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Article Details
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Publication:Journal of Accountancy
Article Type:Brief Article
Date:Sep 1, 1993
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