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