Are you in the middle of a job search, preparing for an interview or going for a promotion? Can you identify a common factor which applies to all three? It’s the presence of confidence. As recruiters, we meet a variety of candidates day in day out (albeit virtually at the moment!), and while the majority … Continued
Lincoln Accounting Market Update – Industry & Commerce Q3 2014
The Accounting market within industry & commerce has seen continued growth in Q3. The demand for qualified accountants in the Irish market has remained increasingly strong with ‘Big 4’ qualified accountants with 1-3 years’ PQE within industry remaining the most sought after candidates in the market at present.
Multinationals, PLC’s and Shared Services Centres continue to be the main employers due to their international market presence. More specifically companies in the FMCG, food, technology, telecommunications and manufacturing sectors have sought to recruit qualified accountants into their finance teams due to a growth in demand of their products. These qualified accountants have experience with statutory month end processes within international organisations. However, we have seen an increased demand for commercially focused accountants who can analyse data, implement new systems and review forward trends for a business, aiding strategic decision making for the business.
The SME market has showed signs of improvement, though these businesses are not solely reliant on the Irish consumer for revenue and has a presence internationally. The indigenous market has been less active, though we have seen an increased confidence from candidates from these businesses looking to explore the market, so an upturn is likely over the next six months.
The temporary and contracts market has been very busy, particularly within the qualified accounting area, 1-3 years’ PQE. With some businesses looking to upgrade their existing systems they have sought out candidates with either project accounting experience, or general finance experience, to cover an internal move within the business.
Overall the market within industry and commerce has remained quite employer driven, with an exception made with internal audit vacancies. That said, we have seen an increase in candidates receiving multiple offers and employers finding it increasingly challenging to source the ‘every box ticked’ candidates. Moving into Q4 and 2015 may see a further shortage of candidates in specific pockets of the market place as outlined above.
Candidates are seeing the opportunity for more attractive salaries or benefits becoming more apparent. Competition among employers to retain and recruit the best talent has put salary discussions very much back to the forefront, it is not just about ‘the opportunity to join a business’. This is a significant shift in the candidate mind-set over the past six months, making discussions around salaries a lot more of a factor of importance.
By Dermot O’Sullivan
By 2025, millennials will account for 75% of the global workforce, they are the first generation to grow up in the digital age, they expect agile work practices, are highly receptive to the use of emerging technologies and favour work practices that utilise technologies to advance work processes and work-life balance. From 2008 to 2012 … Continued
Over the past couple of months, technological innovation has undergone rapid change within all industries, including that of Accountancy. In turn, this has meant that businesses have needed to reassess the ways they carry out their Business as Usual activities and their general way of working. Adapting to technological change is now a massive part … Continued