Talking about financial sector, over the years both employers and employee were going through fearing phases regarding accounts and finance recruitments. We have observed multiple times that firms need human resources related to finance, they even had adequate financial recourses to do so. But, somehow, they couldn’t move a head, consequently no notable hiring experienced over that period.
As we are gradually getting back on the track, we see that the technology market is also getting their hand on financial experts. All this is happening as it used to be i.e. technology firms are continue with a normal hiring process until they get the right person for the job. Now good start-up offers available in the market because several larger corporations already enhanced their finances for the cause. Financial experts are switching firms for better opportunities as they would and fresh candidates are also getting their feet on this ground gradually. Thus, one can say the economy-dependent job market is on the right way to move a head.
Technology firms, including the Bio-Pharma that is one of the booming industries of technology sector, are producing number of new opportunities including accounts and finance. Nevertheless, these firms still are very specific to their recruitment process due to newly and on going economic revival. This, someway, means experience real uplift in technology sector is yet to be seen.
Emerging opportunities through revenue recognition reform: -
Over past four five years, after introducing revenue reorganization reform, technology sector was impacted greatly. The accounting pronouncement 97-2 became the reason of having significant effects on the fanatical departments of these firms. According to the revenue recognition reform, all software companies are accountable tracking and marketing their income streams. Therefore, theses technology firms are now paying much attention in declaring and documenting abound over all income/cash inflows and outflows so that they could avoid being guilty of doing fraud. The current situation has swept older processes and is becoming a reason for new job opportunities in the sector.
As a result, now technological firms have increasing demand of human resources in their financial departments, they need experts, managers, sub-ordinates and even clerks to help them in their finical planning and implementation in accordance with the revenue recognition reform. A few of them even offered internship for fresh people, to train them according to the new reform and making them useful part of the company for longer period. Young internees are learning that how this new revenue processing system works.
One must keep in mind that most technology firms don’t allow individuals to be into or remain compelling element for them for longer period. These firms often not as hierarchical as other corporations are. As they are growing rapidly, and latest trends of this sector restricts such firms to reply on same or experienced staff. They prefer to have fresh people with new and different ideas in accordance with the technology and trends. They follow similar approach in every department of the firm including accounts and finances. Key is to update your skills according to the latest and changing trends, following this; individuals might be successful in remaining key asset for such firms even they belong to the middle or senior level.