Is Your Finance Job Recession-proof?

What the looming recession may mean for job security in the tax, treasury, internal audit, and controller's departments—as well as for CFOs themselves.

Tim Reason, CFO.com | US
January 23, 2008

Government Promises

"The SEC, the Treasury Secretary, and yes, even FASB itself, have been loudly promising to battle "complexity" in financial reporting." When the government promises a reduction in complexity and the article hints that the government effort to make things better will reduce finance jobs, I look forward to a new round of calls from headhunters looking for more people in a tight finance-job market.

Posted by Bernard Boona | January 26, 2008 03:58 am

Or, Recession-proof your Career

Maybe a better question would be, is your finance CAREER recession proof? There is little control over job security, which is always driven by external factors. Conversely, making your career recession proof, doing the things you need to do on a consistent basis to ensure you do not find yourself on the street for 22.6 weeks searching for that next job, is all within the control of a passive candidate. Cindy Kraft the CFO-Coach

Posted by Cindy Kraft | January 24, 2008 08:29 am

Sending Tax Accountants Packing

Unfortunately for America, the accountants' candidate, "Offshore Romney," has done what all good tax professionals do - game an income tax code's loopholes designed especially to shelter great wealth for clients and make a personal fortune for themselves in the process. As President, Mr. Huckabee's FairTax advocacy would be better for the working wage-earner and business alike. But can it happen - what with all the accountants who rely on it for a living? If we say, "never," we must remember what was possible because "patriots did not stay in pubs complaining about the British tax enforced by the strongest military on the earth." It is in all of our best interests to put accountancy to work in business and industry in areas other than taxes. The long-term benefits of Huckabee's FairTax demand that "we leave our pubs."

Posted by Ian Repley | January 24, 2008 12:10 am

Agree with most but...

Interesting article given that Finance individuals had the run of the labour market for a while. Most is insightful except for reduced spending on R&D, advertising, etc. during a recession. Wouldn't a company want to innovate and to advertise to break through the recession ahead of everyone else?

Posted by David Newman | January 23, 2008 05:42 pm