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Employers struggle with competing talent needs

Posted Andy Robling, Hays VP, on Wednesday, Jan 28, 2015

AF webinar blog infographic salary guide 2015More than half of Accounting and Finance employers are struggling to find the right skills in the current labour market, and pressure on staff had increased stress leave or lowered office morale.

This heightened pressure as well as a reduced headcount is seeing employers rely more on temporary workers to reduce negative impacts, while focusing on total compensation to attract the permanent talent they need.

More than almost any other sector, financial professionals find their careers tied to the ups and downs of the industry in which they specialize.

For those working in the construction and development sector this means a booming market, with climbing salaries and serious talent shortages. Comparatively, the mining sector slowdown sees some senior financial professionals face uncertainty in their careers.

Almost half (48%) say the skill shortage affects productivity, while 60 per cent say stress leave has increased and office morale dropped. Despite this extra pressure, employers are still trying to do more with less. While 70% of Accounting and Finance employers expect business activity to increase in 2015, just one third say they will increase staffing numbers. 

For more insight into the Accounting and Finance labour market watch the webinar on the Hays North America YouTube channel.

Request a copy of the full Hays 2015 Salary Guide.

Talk to Andy Robling, Hays VP, on the Canadian Accounting and Finance recruitment market.

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