© 2014 accountemps. a robert half company. an equal opportunity employer m/f/d/v. all rights...
TRANSCRIPT
© 2014 Accountemps. A Robert Half Company. An Equal Opportunity Employer M/F/D/V. All rights reserved. This material is the confidential property of Accountemps. Copying or reproducing this material is strictly prohibited.© 2014 Robert Half Management Resources. An Equal Opportunity Employer M/F/D/V.
2015 Accounting and Finance Hiring and Compensation Trends
Alex Da SilvaRegional Vice President
Sources of Information
Thousands of full-time, temporary and project placements made by our offices throughout the year
Local insight from our recruiting and staffing experts
Exclusive research we conduct among CFOs, senior managers and employees
A review of actual starting salaries in 2014
An extrapolation of current trends into 2015
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Trends Examined
The hiring environment Public accounting Financial service Local trends Reasons not to make a
counteroffer
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The Hiring Environment
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The Hiring Environment
Accounting teams are expanding
Regulatory compliance mandates, baby boomer retirements are impacting hiring
Companies are adding temporary professionals
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What employers seek:
The Hiring Environment
Functional expertise
Professional credentials
Interpersonal abilities, communication and analytical skills
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Software proficiency
The Hiring Environment
Excel ERP packages SQL IBM Cognos and MicroStrategy Hyperion QuickBooks
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Hot Jobs
Accounts receivable/ payable professionals
Auditors
Business and business systems analysts
Compliance professionals
The Hiring Environment
Controllers
Cost accountants
Financial analysts
Payroll professionals
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Tough Time Finding Talent
CFOs were asked, “In general, how challenging is it for your company to find skilled candidates for professional-level positions today?”
Source: Robert Half survey of 270 Canadian CFOs. Responses do not total 100 per cent due to rounding.
Public Accounting Trends
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Public Accounting Trends
Shortage of senior and managerial talent
Audit and tax staff needed
Entry-level hiring a focus
Compensation increases, work-life balance incentives used for recruitment, retention
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Financial Services Trends
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Financial Services Trends
Regulatory demands driving hiring
Private equity and hedge fund management firms are recruiting
Investment banking hiring fueled byimproved environment and mergersand acquisitions (M&A) activity
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Salaries are rising
Sign-on bonuses and other incentives are common
Financial Services Trends
Compensation Trends
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Local Trends
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Local Trends
Sept. 2014 lowest unemployment rate in Canada since 2008 – 6.8% (StatsCan Sept 2014)
4.4% Unemployment in Alberta (StatsCan Sept 2014)
Management Occupations – 1.3% Business Finance & Administration – 2.3% Natural and Applied Sciences & Related – 1.2%
58% of Business Owners agree that hiring skilled labour has been difficult (ATB Business Beat Survey)
GDP for Alberta in 2015 projected at 3.6% (ATB Economic Outlook
Q4)
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Growing industries Positions in demand
Local Trends
?
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Region-specific insights on positions in demand and growing industries are available atroberthalf.com/salary-center.
Local Trends
Hiring times are lengthening
Upward pressure on contract consultant pay rates
Flexible staffing is the new normal
Retention of key talent is a priority
Top candidates are receiving Multiple Offers
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5 Reasons Why You Should Avoid Making a Counteroffer
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5 Reasons Why You Should Avoid Making a Counteroffer
1. It’s not a long-term solution
2. You set a bad precedent
3. Morale can suffer
4. It can be difficult to re-establish trust
5. The employee’s performance likely won’t improve
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© 2014 Accountemps. A Robert Half Company. An Equal Opportunity Employer M/F/D/V. All rights reserved. This material is the confidential property of Accountemps. Copying or reproducing this material is strictly prohibited.© 2014 Robert Half Management Resources. An Equal Opportunity Employer M/F/D/V.
2015 Accounting and Finance Hiring and Compensation Trends
Alex Da [email protected]/pub/alex-da-silva-ca