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Highly-skilled accounting and finance professionals remain in high demand despite the more stagnant growth seen in the general job market, the latest 2013 Salary Guide by recruiter Robert Half has found.
“The hiring climate has evolved to address the finance growth challenge. While some companies lack the revenue growth needed to increase headcount, others cite lack of access to credit and working capital, which is stopping them from hiring the talent needed to commit to new ventures or expand operations,” said Phil Sheridan, managing director at Robert Half UK.
“However, our research shows that business confidence has improved, with most CFOs saying that they are more confident in their companies’ growth prospects than last year. Finance professionals are benefitting from this optimism as companies look for additional insight and strategy into business process improvement, cost savings and new revenue sources.”
The majority (78%) of UK CFOs say that it is challenging to find skilled financial professionals, and as a result organisations are paying more to hire the best candidates.
Candidates who are especially sought after include those with strong process analysis change management and project implementation skills as well as those commercially-aware accountants who can add value by performing business partnering functions throughout the business.
The launch of the pension auto enrolment last month will also increase demand for those experienced in systems implementation, the survey found. Accountants skilled in conducting financial and strategic analysis, as well as newly qualified accountants are also much in demand.