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Accounting and Finance market update

  • Publish Date: Posted about 2 months ago

​Explore the Accounting and Finance market with Dan Morgan, Senior recruitment specialist here at VANRATH. This update serves as your guide to understanding the pulse of the Accountancy job market and the exciting opportunities and challenges it presents. Through insightful observations, we aim to provide you with the knowledge needed to navigate the exciting opportunities and challenges that this dynamic sector presents. Whether you are a seasoned professional, a recent graduate, or a business looking to optimise your recruitment strategies, join us on this exploration of the Accountancy & Finance industry's ever-changing landscape.

Hybrid Working:

There has been a significant shift in the approach to hybrid working post 2020 and it is important to recognise this when beginning your next recruitment process. Many businesses consider remote working a lasting trend, with the Accountancy & Finance sector actively embracing flexible and remote workforce recruitment. While the flexibility of remote work has reshaped operational strategies for most companies, it's essential to acknowledge that a one-size-fits-all approach may not be suitable for all professionals, especially those newly entering the workforce. The question arises: Could it be beneficial for them to work in an office, gaining valuable experience from their colleagues? Several Accountancy firms are opting to return to the office primarily to engage with clients, fostering face-to-face relationships. Given the uncertainties of recent years, employees need to exhibit adaptability to accommodate potential shifts in the working model implemented by companies.

Salary Advancements:

The robust growth and career progression within the Accountancy & Finance sector underscore the demand for skilled professionals. In Northern Ireland, the average salary for a Newly Qualified Accountant stands at £41,000. Candidates are now prioritising professional development through online courses, certifications, and participation in training programs serves as a valuable avenue for progression, and search for renumeration which demonstrates the value they can add. In a competitive market, it is imperative recruiting businesses benchmark their requirements before beginning a search – advertising a role below market rate, can have more negative ramifications than simply not securing a candidate.

In conclusion, the Accountancy sector presents a dynamic landscape shaped by the embrace of hybrid working models, with notable salary increases reflecting the sector's growth. The industry's resilience and stability make it a compelling choice for professionals navigating the evolving landscape of employment opportunities.

For further information on the Accountancy and Finance market in Northern Ireland please contact Dan Morgan for a confidential discussion on 028 9033 0250