January 5, 2015

BRILLIANT Finds Number of Unfilled Positions Bodes Well for Hiring

unfilled positions bode well for hiringMore companies are reporting an increased number of open accounting, finance and IT positions, signifying recent gains in business and an improved work climate, according to a study by search, staffing, and management resources firm, BRILLIANT.

The shows that 30 percent of companies in the study reported vacant accounting/finance positions, and 37 percent reported unfilled IT positions, up from 28 percent and 33 percent from last quarter, respectively. The majority of companies reported one to three unfilled accounting/finance positions while 14 percent stated their IT staffs had at least four positions open.

“While the majority of companies expected their hiring plans to remain unchanged in the coming year, most planned a constant (high) number of new hires,” said Dr. Richard Curtin, director of Surveys of Consumers at University of Michigan, one of the producers of the report. “Given companies in recent years needed to replenish their staffs from the downsizing that occurred during the Great Recession, the fact that hiring has remained unchanged at that same higher rate, is good news.”

Nearly half of the study participants (48 percent) indicated that the overall economic position of their company had improved during the past year, up from 36 percent at the same time last year. Nearly two-thirds (64 percent) anticipated continued economic growth in the year ahead, significantly above 43 percent reported in the same quarter last year.

20 percent of study participants reported their open positions were mainly in corporate accounting roles such as financial analysts, staff accountants and internal auditors. For unfilled IT positions, it was evenly split between database administration (13 percent) and network administration (13 percent).

15 percent of study participants said their companies were planning to increase the number of temporary or contract accounting/finance professionals from what they were already utilizing, and 18 percent planned to increase the hiring of temporary or contract employees for IT, in the coming year.

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Joshua Bjerke, from Savannah, Georgia, focuses on articles involving the labor force, economy, and HR topics including new technology and workplace news. Joshua has a B.A. in Political Science with a Minor in International Studies and is currently pursuing his M.A. in International Security.