Hays Accountancy & Finance - July 2010
Professional Practice
Hotspots
Demand is high for qualified accountants across Audit, Business Advisory Services and Tax, as a shortage of quality candidates is again evident in New Zealand's professional practice market.
The strengthening economy has seen CAs seek an overseas opportunity once more, which is leaving gaps in the local candidate pool at the three to six year experience level.
The coming quarter
As firms consider their future workload, new permanent jobs are becoming available at all levels. Further growth to permanent job numbers is expected in response to the rising number of qualified candidates heading overseas.
We expect to see a continued increase in temporary assignments in response to the busy season.
Executive trends
Giving the aging Partner population, many firms are looking at their succession planning and are creating opportunities at the executive level as a result.
The demand for Senior Accountants and Business Advisory Services Managers remains extremely high. Qualified and experienced candidates with corporate finance and management consulting experience as well as Directors and Senior Managers within external audit are also sought.
Employer trends
Employers have been slow to react to the shift back to a candidate-short market. Many still expect a candidate that fits every requirement. Consequently, many will only consider candidates with a practice background and are unwilling to look at those with corporate backgrounds. They are also very particular about the quality and calibre of candidates they will consider. Cultural fit is also a priority.
Employers are however increasing salaries, adding benefits and promoting the career development opportunities on offer in order to attract the right skills. They are also becoming more receptive to overseas candidates who want to work in New Zealand.
Candidate trends
Candidate levels have decreased. Those already employed are working hard throughout the busy season. However following the busy season we do expect an increase in candidates looking for new challenges and opportunities.
