Demand outstripping supply for new, niche accounting roles

Demand outstripping supply for new, niche accounting roles

Accounting roles

The latest quarterly report from a recruitment firm has revealed professional services jobseekers, including niche and specialist types of accountants, are in high demand but short supply.

Today, Hays released its latest Hays Quarterly Report, covering October to December 2017, which revealed that professional and business services jobseekers are in high demand but short supply as growth in the sector underpins a previously identified talent mismatch.

“In compiling our latest Hays Quarterly Report, we noticed that many of the new roles added are in the professional and business services sector,” says Nick Deligiannis, managing director of Hays in Australia & New Zealand.

“It’s a broad sector that requires highly-skilled experts with a proven ability to add value to a firm’s clients.”

The report revealed that some of the roles in high demand include virtual CFOs which provide a new revenue stream for firms while simultaneously providing greater value to an accounting firm’s clients, and senior tax/business services accountants that can work autonomously and supervise junior staff without being in a hurry to move into management or partnership.

According to Mr Deligiannis, there are several factors behind the growing demand in professional and business services.

“Rapid technological change, a need for strategic, technical and financial advice, a move to get closer to customers through the use of data and a desire from customers for full end-to-end services are all behind this trend,” he said.

“Cost-saving is another factor, with businesses looking for advice or services from those who are experts in the exact area where assistance is required. This is leading to the emergence of more specialised professional and business services companies who in turn require highly-skilled staff to deliver the necessary services and retain customers.”

Demand outstripping supply for new, niche accounting roles
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