Hudson recently released the results of its latest Talent Insights report, with a specific focus on the accounting and finance sector.
The report revealed that in H1 2017, only 26 per cent of finance professionals were actively seeking a new job, compared to 43 per cent in H2 2016.
In contrast, the percentage of finance professionals that are passive or open to opportunities was 47 per cent in H1 2017, up from 33 per cent in H2 2016.
Professionals planning to stay in their role remained steady at 28 per cent in H1 2017, up slightly from 24 per cent in H2 2016.
Hudson Victoria general manager Kristen Mangelsdorf told Accountants Daily that the hiring intentions for accountants have been relatively flat over the last few years, which could be a reason for this predominantly passive candidate pool.
“So there are a lot of accountants who might be considering a new role either because they haven’t received challenges or they haven’t received the pay rise, but not necessarily actively looking because they don’t see that there's actively that much happening in the market.”
“So it’s more tapping informal networks, maybe remaining a little bit confidential about the job search – you might find that people have made moves for the wrong reason and are now looking for the right move.”
Ms Mangelsdorf said another contributing factor is around the technologies that are available to employers when they’re looking for candidates.
“I think that more and more organisations are using tools like LinkedIn or the Seek search function, and so they're probably being approached for many more roles than they might have been in the past,” she said.
“So that might have given them the comfort that actually, they can be passive, and that people will find them.”