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Survey: Sarbanes Hiring Boom May Be Over


Dec. 14, 2006 (SmartPros) In the Financial Services/Accounting sector, revenue growth was up sharply in the third quarter due partly to the impact of the Sarbanes-Oxley Act, which requires companies to provide far more disclosure and transparency.



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However, the 17.2 percent increase in revenue growth for firms in this segment is actually down slightly from previous quarters, indicating that the greatest labor demand due to Sarbanes-Oxley has already occurred, according to analysis from Staffing Industry Analysts, a provider of research and analysis of the contingent workforce in the U.S.

Overall, the survey found that temporary staffing companies focused on white collar professions experienced double-digit revenue growth in the third quarter of 2006.

"A shortage of higher skilled workers caused by the expanding economy, a growing energy sector and pent up demand for technology implementations led more firms to hire temporary workers in the third quarter of 2006," said Ron Mester, president and CEO of Staffing Industry Analysts. "At the same time, overall demand for high-skilled workers continues to grow as corporations across the country increasingly engage temporary workers to address their employment needs."

2006 SmartPros Ltd. All rights reserved.

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2007 SmartPros Ltd.