Dwindling Resources

The U.S. Bureau of Labor projects that the demand for accountants will grow by up to 20% by the year 2013 and that starting salaries of accountants have grown 19% since 2001. The good news is that some of the top producers of undergraduate accounting majors, have seen a more than 45% increase in their enrollment. Conversely, these schools have also seen the number of professors and industry professionals willing and able to teach these students cut in half.

The pressure on our profession is also being seen in industry at the senior levels. Of Fortune 500 companies, 45% of CFO’s turned over from 2001 to 2004 and 34% left the profession entirely or planned a career change in the following two years. With the focus on compliance, increasing complexity of accounting standards, and reduced number of qualified professionals, many organizations are suffering from a true gap in expertise at middle management and senior levels.

Delivering Talent, Perspective, and Action to Address Resource Constraints
SolomonEdwardsGroup understands the challenges facing our industry given our link to the full spectrum of industry professionals, from entry-level to the most senior CFO. We offer a unique perspective based on working intimately with accounting, finance, and audit professionals to help them find the next job, provide them interim opportunities, or develop them as of consultants, recruiters, or placement specialists from within SEG.

We work closely with our clients to design and build teams aligned with their business objectives. We identify and recruit professionals to become a part of your organization, supply interim resources, or deliver project expertise while you build your organization. Should your team need additional skill development, we provide on-site and web-enabled training to reduce the complexity of regulations and enable more efficient and effective teams.