Shift in Financial Services and Recruitment
Latest analysis from Robert Half Financial Services has discovered a significant shift in how financial service companies are recruiting for accountancy roles.
The research found the shift was caused by growth in demand for accounting skills in the financial services sector, coupled with the current skills shortage. And 97 per cent of financial service executives face the challenge when sourcing skilled professionals.
As a result, companies are adopting more flexible recruitment strategies.
These include hiring someone with financial services experience from other departments or training a candidate with non-traditional skills if they had ‘the right commercial acumen’ or product knowledge, reflecting the need for competency as businesses’ recover, rather than focus on pure cost savings.
Says Adam Michaelson of CM Recruit: “This research is of clear significance as a real issue faced by business’ across the UK who are looking to not only embrace but naturally encourage the economic recovery to remain heading in the right direction.
“We anticipate this need for flexibility will continue as the financial services industry struggles to fill specialised niche roles, hence we have diversified our own services to reflect this shift. We now offer a variety of recruitment strategies to suit individual business requirements and ensure a successful integration of financial personnel for everyone involved.”
The research is revealed following the publication of the Robert Half 2015 Salary Guide, which found that financial services hiring has gained strong momentum and greater market fluidity as employees start looking for new roles following the recession.