With ongoing improvement in the UK economy, a number of key trends are arising across the accountancy and finance recruitment market.
Overall, IPO volumes are on the rise as companies look to tap capital markets for investment, fuelling an increase in corporate M&A activity.
Boardroom appointments have also been picking up pace as senior executives consider fresh challenges in a once depressed market.
For qualified accountants looking for their next role, this has driven a number of positive developments, with our latest European Job Index results showing year-on-year job levels expanding by nearly 25%. Non-financial services employers have also been more willing to hire accountants from outside their industry sector, with many seeing this as chiefly beneficial, rather than a disadvantage.
With so much change, it's perhaps unsurprising that accountants with project or change management experience have been among those most in demand. With businesses favouring those who can combine an underlying knowledge of business management and deliver improvements to the bottom line, while also overseeing finance functions during a period of transition.
A lack of pay rises have been a familiar theme for many accountants in recent times, however this year, backed by sustainable levels of growth and heightening employer confidence, we expect a lift in salaries.
Minimal pay rises have been a familiar theme for many accountants in recent times, however this year we expect a lift in salaries.
In London, the booming property market has created a number of new accounting opportunities, with the traditionally vibrant technology and media sectors continuing to perform strongly.
Shifting consumer purchasing patterns are continuing to generate roles among savvier retailers, particularly those with an online presence. While roles continue to open up across professional services, most notably in legal.
Alternatively, declining commodity prices and squeezed margins have had a direct impact on hiring by energy companies, with fewer opportunities available to accountants in this sector.
For many years now, companies have typically looked to the Big '4' alumni to source the best newly-qualified accountants, with most in this talent pool receiving multiple job offers across any one period.
However, there has been a recent slowdown in this trend, with immigration reform assumed to be one of the causes. The UK has traditionally been a beacon for staff of all hues from Australia and New Zealand, benefitting from its close ties with these countries.
Visa restrictions on non-EU employees mean that more accounting candidates are returning home earlier, causing companies to focus their hiring efforts on retaining quality staff with leave to remain in the UK. Tier 1 visas are no longer being issued to migrants from these countries, meaning that those still holding them generally offer at least several years of post-qualification experience.
5 expert tips for your next accounting job interview
Are you looking to make your next move in the accountancy industry? We’ve asked our accountancy and finance recruitment experts for their top tips to help you shine in your next interview… If you’re looking to land your next accountancy role, preparing for your next interview can be a daunting proceRead More
4 important interim trends for CFOs
The modern CFO is increasingly involved in the hiring process. Hence, it is important to know what is going on in the operational interim management market. We set out the most important trends. Trend 1: The backfill method A trend we are seeing a lot of now, is the so-called backfill method. TraditRead More
Five career paths for newly qualified accountants
If you are a newly-qualified accountant, now is a good time to consider your career options and you have a number of options available to you. “As a newly-qualified accountant, understanding the different career paths available and identifying which area your skills set is most suited to can help whRead More
Come join our global team of creative thinkers, problem solvers and game changers. We offer accelerated career progression, a dynamic culture and expert training.