2013 Workforce and Salary Trends

2013 FORECAST FORECAST What does 2013 have in store for SALARIES, THE WORKFORCE & THE ACCOUNTING & FINANCE INDUSTRY? To find out, we asked business leaders to weigh in. TEMPORARY WORKERS 92% 9% plan to hire more 78% plan to maintain headcount PLAN TO INCREASE OR MAINTAIN HEADCOUNTS PART-TIME WORKERS 9% plan to hire more 87% plan to maintain headcount FULL-TIME WORKERS 35% plan to hire more 57% plan to maintain headcount 56% 44% BELIEVE SALARIES WILL REMAIN THE SAME BELIEVE SALARIES WILL INCREASE WHY DO EXECUTIVES GIVE OUT RAISES? 31% Recommendations from managers 29% Employee has a unique talent or ability 27% Ability to complete a job/project quickly ........ 8% Ability to mentor and foster new talent 6% Seniority 0% How well he/she works with other employees CAN NEW HIRES NEGOTIATE SALARIES? 50% Yes, always 40% Only if they are in a hard-to-find position ******. ***...... 10% Never 52% ARE OPTIMISTIC THAT THE ECONOMY WILL STRENGTHEN WHAT ECONOMIC FACTORS INFLUENCE SPENDING DECISIONS? A LOT SOME A LITTLE NOT AT ALL Interest rates 22% 29% 24% 24% National debt 13% 18% 27% 42% Performance of the European market 4% 29% 22% 44% Commodity prices 20% 20% 13% 47% Upcoming/uncertain tax regulations 22% 31% 24% 22% Healthcare reform 20% 40% 16% 24% Level of confidence in the US economy 29% 40% 18% 13% Presidential elections 22% 29% 24% 24% HOW'S BUSINESS? 58% Expect thelr company to win new or Incremental business 49% Expect to Invest In new technology 36% Expect to expand to new markets 33% Expect to hlre more staff 11% Expect to conduct layoffs For more insight you can use to prepare for the year ahead, contact your local Accounting Principals office. ACCOUNTING PRINCIPALS accountingprincipals.com