Part Qualified Accountants – Market Update Q3 2014
Last year we continued to see a positive up lift in the Accountancy jobs market, particularly in the part-qualified and newly qualified area with strong demand for top talent within Multinational Software houses and of course within the FMCG and Pharma sectors. This trend also strongly followed within Financial Services where there was an increase in Part-Qualified roles being created.
Arriving at the end of Q2 2014 and the future is looking bright for part-qualified accountants seeking new roles within Industry and Commerce. The emerging trend in Q1 which has continued throughout this year has been that we are now seeing top tier talent candidates being faced with multiple options when seeking to move from a role, candidates at top level will typically have more than one offer to consider.
We are seeing the counteroffer becoming more and more prevalent for candidates handing in their notice. This is something which is certainly a very positive signal of market improvement as companies seek to retain their top talent. This is also contributing to help drive salaries up for candidates with niche skills such as systems accounting. One thing to note with counter-offers are that although each are worth considering, current statistics and trends show the majority of all employees who accept a counter offer leave within the next 6 months as for many the reasons for wanting to move will still remain, even if they are temporarily shaded.
The demand for talent remains a strong trend within industry heading in to Q4 and particularly within the Multinational Sector which is very much still the leading recruiter for part-qualified accounting roles. In this area finance roles such as Accounts Payable and Accounts Receivable and General Ledger Accountants with a multilingual aspect are on the increase. Languages such as German, French and Nordic languages as well as Turkish, Mandarin and Japanese are very much in demand presently are a very strong competitive advantage.
We are also seeing a rise in the number of FMCG, Retail and Manufacturing sector roles registered with us where specific sector knowledge to include product and systems knowledge are a distinct advantage for candidates seeking roles in these areas. Professional Services, Financial Services and Insurance sectors are continuing to be popular sector choices amongst part-qualified and finalist candidates where there is continued growth with new roles being created at part-qualified and finalist level. Previous experience in professional services environment and in-depth knowledge of new regulations are competitive advantages in these areas. Even more positively SME’s have also been recruiting this year creating new finance roles to help grow and drive the business, a trend which is certainly encouraging.
As we look towards the beginning of Q4, there has been a surge in the demand for niche roles across industry such as Credit Control and Payroll Specialists where experience processing high volume and high frequency payrolls along with specific payroll package knowledge and experience are major advantages. The outlook for part-qualified and finalist Accountants for the final quarter of 2014 remains very positive with significant increases in the number of new roles being created across industry and commerce signalling a glowing start to 2015.