Market update June 2024: Accounting & Finance (Commerce & Industry)

  • 01 Jul 2024

In case you missed the T+O+M Talk video, here's a summary from Fergal Gleeson on recruitment activity for Commerce & Industry Accounting & Finance in June 2024.


Market Trends

  • There’s been an increase in the number of new roles since the start of the year.
  • Food, energy, education and property industries have held up well.
  • Technology, Media and Advertising are still under pressure


Recruitment trends

  • Stronger flow of Financial Control and Reporting vs Commercial Finance roles particularly in the $200k + end of the market
  • A trend towards fixed term contracts as companies hedge their bets and to backfill transformation roles
  • The $120-150k package range remains busy


Skills in demand

  • There is plenty of ERP work with S4 Hana and Workday implementations so Projects people or Finance people with knowledge of these systems will be in demand
  • Finance people with analytical ability with Power BI and Alteryx standout
  • Commercial finance people need to be able to demonstrate real business impact with examples using dollar values to show how they make a difference


Salary expectations for candidates

  • There is an over supply of candidates in the $250-400k range which means that salaries are flat. Some out of work candidates are willing to take cuts to get back in.
  • Below $200k the market is more in balance with the supply of jobs and candidates but there is less demand of large pay rises than previous years as there has been a reality check.


Advice for Clients

  • Despite a better supply of high quality candidates then previously, these can be hard to identify amidst the large volumes of applications: often over 250 CVs per job ad
  • A recruiter can help sell the role to top performers as well as assist with supplying a short list
  • 3 days in the office has become the norm. Clients asking for 5 days in the office is not impossible but it is a hard sell and does eliminate a large percentage of potentially suitable candidates.


If you would like to find out more, get in touch with one of the Accounting and Finance team

You can watch the full video here:

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