Hays Accountancy & Finance - January 2010
Commerce & Industry
Hotspots
An increase in regulations imposed by regulatory bodies has seen vacancy activity rise for regulatory-related finance professionals. There is consequently high demand for candidates with such skills. Experienced Internal Auditors are also sought due to the strong control culture in all companies.
In order to secure such candidates, employers are looking internationally as well as locally. They are more willing to pay relocation expenses. We are utilising our international network of offices to source candidates when required.
The coming quarter
The majority of hiring managers expect vacancy activity to rise this quarter. The use of temporary assignments increased at year-end. In this quarter we expect new temporary and permanent jobs to be created as confidence returns. This will take place at all levels, including for executives. Although companies are still exercising caution, more non-essential hires are now being sanctioned.
Employer trends
Employers want to know when good candidates become available, regardless of their current vacancies. This suggests a possible return to a candidate-driven market in the future.
Salary increment percentages are higher than those offered to candidates in 2009.
Candidate trends
Candidate confidence is rising and permanently employed candidates are again entering the job market. This is a positive sign of market improvement and will, of course, increase overall recruiting activity.
