Accounting & Finance (Commercial Businesses) Recruitment Trends for Q2, 2019

Shaun Stevens 18.07.2019

Your quarterly update on the Accounting & Finance commercial businesses market, where we provide you with insights from both the previous and upcoming quarters.

What were the market trends for last quarter?

There was a lot of confidence in the market with a good number of candidates feeling it was the right time to move and clients who had still had budget left to hire them as we neared year end for a number of businesses. Given it was that crazy time of year with a lot of people pulling long hours and ensuring the statutory accounts were done in plenty of time there was the usual spike in clients wanting extra pairs of hands in the form of interim short term contract support.

commercial business recruitment trends

What are the major skills in demand?

This sounds a little repetitive but the skills in demand are more on the softer side than the technical side of being an accountant. Clients are still desperately seeking those people who are technically strong but can translate financial information to multiple stakeholders from different areas of the organisation.

You've got the skills?

We've got the jobs!

What are the skill gap shortages?

There are still major gaps in Finance Transformation across businesses in Australia. There has been a lot of change in the last couple of years with some businesses moving from being publicly owned to privately owned, sectors where cost has been more of a focus than growth given current market conditions and I think we are starting to see this filtering through with the gaps in skillsets in this area. It's a difficult area to find the right blend of commercial nouse to understand cost vs benefits, change management skills to demonstrate to people that change is necessary and then implementation to ensure finance functions come out of it where they wanted to be. We are supporting a number of finance functions through this change at the minute and more skills in this area would be valuable.

commercial business recruitment trends

What is the outlook for the next quarter?

Things will be active, they always are. It's the new financial year for a lot of businesses. Budgets would have been approved and a lot of leaders would have a clear idea of which additions they want and or changes they wish to make.

This quarter for us is usually our busiest and I do not expect this year to be any different. 

My advice to candidates will be to ensure they are presenting themselves and their resume in the very best light focusing on really stand out achievements and outcomes through their experience. The market will be active and competition will be tough so focusing on the small details will ensure you get access to the best opportunities.

    Shaun Stevens's picture
    Associate Director | Finance, Strategy & Innovation
    sstevens@morganmckinley.com.au