Accountancy & finance in detail
- There was a 6.4% increase in the demand for accountancy and finance staff in January.
- The number of candidates looking for work in the sector increased by a massive 34.8% in January; this is not necessarily an accurate figure, as December is traditionally the quietest month for hiring. The more interesting comparison is that on a year-by-year basis, demand is down 7% for accountancy and finance professionals.
- Job application rates have hit a two year high as confidence begins to return to the jobs market. Finance staff are typically one of the more cautious professions to change roles, but the increase of those open to opportunities on LinkedIn is significant.
The increased demand for accountancy and finance staff in January was expected, with companies holding off on hiring decisions until the Brexit impasse was resolved.
Candidate availability has improved, with 7.1% of candidates actively looking for work in January (based on the online CV databases to which CV Screen subscribes), this is the highest level since June 2019.
The number of accountancy and finance professionals on LinkedIn who are “Open to Opportunities” has increased to 5.6% (this is the highest level that we have recorded).
Demand for accountancy and finance professionals remains high, although we expect that this will rise over the next few months. The reason we anticipate increased demand is that more candidates are active, and the likelihood is that there will be more movement within the marketplace.
The fact that application rates are higher than at any point for two years suggests that confidence has returned on the candidate side.
It is fair to say that the result of December’s general election and the resolution to Brexit is a significant factor contributing to the returning confidence.
We are seeing evidence that hiring decisions are being fast tracked as organisations seek to secure talent without elongating their recruitment process.