Accounting job ad growth falling flat in early 2017

Accounting job ad growth falling flat in early 2017

New data from job advertisements website Seek has found that accounting job ads have remained flat year-on-year, however there are opportunities in the smaller states, which are recording better rates than the larger labour markets.

Seek has revealed that ad growth remained flat for the accounting sector in March to May 2017 when compared to the same quarter last year.

“The accounting sector is facing rapid technological change, reflected in flat job advertising trends since 2014,” said Michael Ilczynski, managing director of Seek Australia and New Zealand.

Out of 25 accounting job categories, only eight experienced growth year-on-year.

The roles with the highest increase were compliance and risk and accounting officers/clerk, both up 22 per cent.

Systems accounting and IT audit followed with a 12 per cent increase, followed by finance managers and controllers up 10 per cent.

At the other end of the spectrum, of the 14 roles that experienced a decline in job ad numbers as firms consolidate back office and middle office functions, Treasury positions suffered the most with a 21 per cent decrease. Company secretaries and audit – internal didn’t fare much better, with a 20 per cent and 18 per cent decrease respectively.

The remaining three roles (management accounting and budgeting, taxation, and strategy and planning) saw neither an increase or decrease in the number of job advertisements during the quarter.

Accounting job ad growth rates differed state to state, with Queensland and Western Australia both recording a 6 per cent decline year-on-year.

NSW and Victoria recorded low growth rates despite having the largest job markets.

“The states offering the most job opportunities on SEEK from March to May 2017 were NSW and Victoria, our nation’s largest labour markets,” Mr Ilczynski said.

“However, during this period, advertising on SEEK for the accounting industry in NSW had no year-on-year growth, while in Victoria job ads were up only 2 per cent year-on-year.”

The smaller states recorded the largest growth, with job ads up 30 per cent for Tasmania, 18 per cent for the Northern Territory, 15 per cent for South Australia and 7 per cent for the ACT.

Recent research released by Hays also found that the level and type of accounting jobs available varied state-to-state.

Hays found that commerce and industry roles were of highest demand in NSW, public sector roles were in most demand in Canberra, and private practice roles remained candidate-short nationwide.

Accounting job ad growth falling flat in early 2017
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