Accountancy & Finance – Midlands Jobs Market Update

  • 06/12/2017
  • 14:00
  • Adecco Group
  • Recruitment

Historically, Q3 is a relatively quiet period for recruitment as the summer holidays impact the availability of hiring managers – evidenced by a 22% drop in the vacancies seen by our Birmingham division for accountancy and finance roles in the Midlands.

It is normally when we approach Q4 that companies look to fill vacancies ready for the New Year. In fact, October saw vacancy numbers match the total received in Q3, and we are expecting this figure to return us to Q1 levels.

Analysis of 2016 versus 2017 shows an interesting trend developing:

As this graph shows, vacancies received by Badenoch & Clark for accountancy and finance staff is down 33% year on year. This is supported by job website Indeed which has seen a reduction year on year for accountancy vacancies posted to their website.

However, we have also seen an 8% increase in vacancies filled:

It appears that while there are fewer vacancies in the market, more are being filled – demonstrating a more cautious approach to recruitment, with many companies taking the time to assess, budget and fully sign off a new vacancy before entering the market as a more committed recruiter than in the past.

In-demand roles

Both Q3 and Q4 to date have seen a real increase in the number of finance business partner vacancies. As back office functions continue to become increasingly automated, the role of business partner is becoming more and more essential – giving companies and departments the ability to use financial analysis to inform decisions, influence strategic direction, and facilitate change

From a transactional view point, demand for payroll specialists has remained high throughout the year, and shows no signs of slowing down. Legislation such as gender pay gap reporting and the apprentice levy is adding to demands on payroll departments, leading many companies to grow their departments as well as implement new IT systems / software to deal with the changes.