Excertped from the Austria Career Guide
Eighty-seven percent of Austrian CFOs are confident or very confident about economic growth in the next twelve months, according to recruiting firm Robert Half. For their own business growth, the results are even higher: 91 percent of CFOs expect continued positive growth of their own businesses.
Austria’s capital, Vienna, has established itself as the financial gateway to Eastern Europe, a decidedly mixed blessing depending on which way the economic winds blow. The euro area is facing its second year of economic weakness, and Austria has not escaped the negative effects of cyclical developments in Europe. Bank loans to households have dropped, and banks’ borrowing has remained low. Nonetheless, a range of monetary and economic policy measures has eased the uncertainty in euro area financial markets. Austrian banks made strides in restructuring their balance sheets last year. In addition, capital ratios continued to improve.
Areas of Job Promise
Global executive recruiting firm Manpower’s most recent Employment Outlook Survey (MEOS) finds the hiring outlook in Austria’s financial sector to be one of the most optimistic of all industries.
More than one quarter of the CFOs in Austria plan to create additional positions, according to the Robert Half Hiring Index. Expected growth of businesses and improvements in financial systems are driving the increase of jobs in accounting and finance. Half of CFOs reported a need for more staff to support upgrades to their financial systems.
Kammer der Wirtschaftstreuhänder (KWT)
Austrian Chamber of Tax Consultants and Certified Accountants
KWT, the Austrian Chamber of Tax Consultants and Certified Accountants (Kammer der Wirtschaftstreuhänder), is the official representative of the accounting profession in Austria. Aside from playing a major role in the preparation of any accounting-related legislation, KWT offers its members extensive services in the areas of information and networking. Its website posts job opportunities in the accounting profession by region.
The Austrian Chamber of Tax Consultants and Certified Accountants
Schönbrunner Straße 222-228
Tel: +43 1 811 73 0
Fax: +43 1 811 73 100
Gewerkschaft der Privatangestellten / Druck-Journalismus-Papier (GPA-djp)
Union of Salaried Employees / Print – Journalism - Paper
Accounting and financial professionals are represented by the GPA-djp, a merger of the Union of Salaried Employees (Gewerkschaft der Privatangestellten) and the Union for Printers (Gewerkschaft für Druck, Journalismus und Papier). The GPA-djp is responsible for handling trade union issues and concerns about the workplace. GPA-djp is the trade union with the most members within the ÖGB (Österreichischer Gewerkschaftsbund/Austrian Trade Union Confederation). It represents many different economic sectors, including commerce, financial and economic services, social insurance and services, the manufacturing industries, research, education, culture, charitable societies and interest groups, as well as the gambling, tourism and leisure industries.
Tel: +43 5 03 01 301
Fax: +43 5 03 01 300
This is just a short sample of what you’ll find in over 100 pages of information in the Austria Guide.