According to our latest Hays UK Salary & Recruiting Trends 2019 report, accountancy and finance employers predict a busy year ahead, with 94% expecting business activity levels to rise or stay the same. As a result of these optimistic activity forecasts, over half (56%) expect to take on new staff over the next 12 months.
Skills shortages in accountancy and finance continue to be a challenge, with a huge 89% of employers saying they have experienced a skills shortage of some sort over the last year. In fact, over a quarter (28%) of accountancy and finance employers say they do not currently have the talent they need to meet their business objectives.
Competition in the recruitment market for talented professionals is tough: 78% of accountancy and finance employers tell us that they have found it difficult to recruit permanent staff over the last 12 months, while 60% have struggled to recruit temporary or contract staff. As a result of this competitive landscape, salaries in the sector rose by an average of 1.8% last year, with 81% of employers increasing staff pay.
However, over a third (36%) of accountancy and finance professionals moved job last year, and over half (52%) say they plan to move over the coming year – meaning that there is a large talent pool available for employers to benefit from, provided they are able to attract and retain the best candidates.
To discover more insights about the accountancy and finance market, and the prospects for the next year for financial services as a whole, request your copy of the Hays salary guide.
For more information or to discuss your recruitment needs in this field, please contact your local consultant.
Karen is a Director and recruiting expert at Hays Accountancy & Finance. She provides strategic leadership to a team of 400 accountancy and finance recruitment professionals across 100 UK offices. With 20 years of finance recruitment experience, Karen has a track record of recruiting top finance talent for businesses across a range of industry sectors, and is a trusted industry voice on career planning and market insights.
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