Friday 19th November, 2021
According to a report by specialist recruiter Robert Half, demand for finance and accounting talent has accelerated rapidly in the wake of the pandemic, establishing a market where 56 per cent of CFOs think it will be more challenging to find skilled candidates in 2022.
Robert Half’s 2022 Salary Guide – an annual report for projected salary ranges, benefits and hiring trends across several sectors, reveals that demand in the finance and accounting hiring market has now exceeds pre-pandemic levels.
CFOs are also increasing opportunities for remote working to meet candidate demand, with 57 per cent recognising that it is important for attracting talent in a post-pandemic world.
Robert Half found that employee retention is front of mind for CFOs, with 93 per cent ‘somewhat to very’ concerned about their ability to keep top talent in their ranks.
According to Robert Half’s research, accounts assistants, finance managers, finance analysts and management accountants are the most sought-after roles, whilst candidates with a strong understanding of MS Excel, finance management and tax are particularly attractive for employers.
Commenting on the findings of the report, Leo Hewett, Associate Director at Robert Half, said: “Competition for candidates in finance and accounting is fierce – especially those with the tech skills to support on digital transformation projects. New hires can command significant salary increases, making existing staff more likely to jump ship, so those concerned about retaining talent should be prepared to put up a fight.”
The biggest strategic priority for CFOs and finance departments over the next 12 months is rolling out digital transformation and automation initiatives to streamline workflow, increase productivity and reduce costs.