This, just in from our Silicon Valley manager, Staci Birkendahl, on the state of things in Silicon Valley.
Regardless of what’s going on in the California real estate market or the stock market it sure is a good time to be looking for a job in Accounting or Finance in Silicon Valley. Hiring has been a-plenty this year. We have seen a sharp increase in job opportunities across the board—contract and direct hire. The candidate pool is tight, unemployment is low, so those interviewing are experiencing hiring managers moving very rapidly, they are seeing multiple offers, and sign on bonuses are very much a part of the ‘deal’ now-a-days. Our contract division has been very busy; they have specifically seen a high demand for more of the specialized positions, meaning those that were eliminated in a weaker employment market. Specifically, Software Revenue and Cost Accounting are skills that are highly sought after. These positions are once again being carved off the Sr. Accountants desk and companies are adding headcount for these specialties. Of course the demand is overwhelming for any level of SEC and SOX/Audit in this ever-changing “Sarbanes-Oxley/control ridden” environment!! Overall, we are seeing that salaries are on the rise, especially if you are a Big 4 CPA!!
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2 comments:
What type of sign-on bonuses are you seeing out there?
The last three positions this month had sign-on bonuses of $5,000, $5,000 and $7,500. Keep in mind that when companies offer sign on bonuses, they also expect( understandly) to have this paid back if employment is ended by employee before 12 months.
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