Accounting & finance hiring trends in Ireland
The Robert Walters Global Salary Survey for 2017 contains recruitment market updates, hiring advice and benchmarks salaries across our global markets.
Here we discuss the outlook for the accounting & finance sector in Ireland.
Increase in demand in 2016
While certain sectors within financial services experienced challenges due to wider economic and political issues, demand for qualified accountants in the Irish market remained generally strong. In a candidate short market, demand for professionals with process improvement, data interrogation, regulatory knowledge and skills increased, while direct sector experience became less important for employers. The aircraft leasing sector continued to expand during 2016, experiencing high levels of international investment and M&A activity throughout the year. We expect these trends to continue in 2017, creating further demand for accountancy and finance professionals in this sector.
Irish banks also hired in record numbers in 2016 as they continued to restructure and increase their talent pool. We expect demand for newly-qualified accountants with up to five years’ post-qualification experience to remain high in 2017. In addition, we anticipate more movement at the senior end of the market. While accounting and finance in Ireland is predominantly a permanent employment market, fixed term and temporary contracts are increasingly being utilised for maternity cover and project-based roles.
We advise employers to offer clear career progression opportunities coupled with competitive remuneration packages in order to attract and retain top talent.
Across commerce and industry, companies continued to seek financial accountants, financial analysts and internal auditors due to ongoing replacement hiring. As a result of candidate shortages, hiring managers in the commercial sector were required to be more flexible when seeking to hire, often considering professionals from a financial services background.
Candidate movement and staff retention
Andrew Murphy, Accounting & Finance Manager for Robert Walters Ireland said: "As basic salaries have increased by up to 15% over the past two years, we advise employers to offer clear career progression opportunities coupled with competitive remuneration packages in order to attract and retain top talent."
Typical packages will include bonus, pension, healthcare and various travel saving schemes, all of which can be deciding factors for candidates considering multiple offers. Additionally we are advising clients to be flexible and efficient during the recruitment process to ensure top talent is not lost to competitors as candidates seek quick resolution after the initial introduction. This can be achieved by holding interviews outside of working hours and ensuring that feedback is provided as soon as possible after the interview has been conducted.
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