In 2016, accountancy and finance skills are expected to be amongst the top three skills most in demand for businesses. Driven by company growth and a need to increase productivity, it’s no surprise that quality candidates are in increasingly short supply.
Over 91% of HR Managers and business owners have stated that they find it a challenge to find accountancy and finance professionals with the right skills and that the lack of candidates in the market is having an adverse effect on their short and long term business goals.
According to research conducted by the Recruitment and Employment Confederation (REC), skills and positions in most demand during 2016 will be as follows:
Skills in Demand
- ACA/ACCA/CIMA with 5–10 years’ post-qualification experience
- Part-qualified ACCA/CIMA with management accounting skills
- Technology and software skills in advanced Excel/SAP/Sage
- Business partnering and communication skills
- Financial modelling
Permanent Positions in Demand
- CFOs and FDs with strategic and commercial skill sets
- Financial controllers
- Business partners
- Qualified/part-qualified management accountants
- Credit controller/purchase ledger, sales ledger and payroll clerks
Temporary Positions in Demand
- Finance transformation/system improvement experts
- Financial reporting professionals
- Financial planning and analysis professionals
- Accounts assistants/credit controllers/purchase ledger clerks
To help combat this trend, many organisations are utilising temporary workers to effectively fulfil short-term or variable staff requirements. Temporary workers are becoming more common place in accountancy and finance roles as they work effectively to deal in peaks in demand alongside permanent staff members. It is expected that we will see temporary workers play a greater role in the next five years as the skills shortage is set to continue.
For help and advice on how to engage temporary workers to compliment your existing accountancy and finance teams or to fill a key role as an interim measure, feel free to give me call for some no obligation advice and support.