While hiring in the accounting industry is slowing in its major markets a year after seeing large gains, experts in the industry expect that hiring should pick up some in the final quarter of 2013.
The total of professionals at New York's biggest firms, indicative of nationwide hiring, was only up 4 percent from July 2012 to 2013, about half as much as it rose the previous year, according to Crain's. Measuring positions at the industry's Big Four companies, including PricewaterhouseCoopers, Ernst & Young, KPMG and Deloitte, also saw slowdown of 50 percent, as positions saw 5 percent growth compared to 10 percent in 2012.
However, accounting employment has been said to continue its growth due to factors including more regulation and increased need for their services as the economy continues to turn upward.
Meanwhile, managers in accounting are expected to increase their hiring rates through the beginning of 2014, according to Accounting Today. In a survey of HR professionals in the field, as well as those in finance and IT, 50 percent more managers revealed their concerns over unfilled positions – an increase of 17 percent year over year.