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Offshoring to impact jobs market in 2016, survey claims

A significant number of organisations are considering offshoring core roles within their accounting and finance teams in 2016, which may have implications for the accounting jobs market, according to the latest findings of the Robert Walters Global Salary Survey.

Professional Development Mitchell Turner 02 February 2016
— 1 minute read

According to the results of the 17th annual survey, organisations, particularly in New South Wales, are weighing up the opportunity to offshore core finance roles and responsibilities over the next 12 months.

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“There is a trend towards streamlining processes and reducing staff costs – which we expect to continue in 2016,” the survey revealed.

With organisations set to shake up the core make-up of their financial teams, the survey indicated that a strong contract market has arisen to satisfy the desire and need for transactional staff.

In addition, the survey noted that the recruitment market for accounting and finance professionals remained largely buoyant throughout 2015, as a “perceived lack of progression” and enticing overseas opportunities encouraged many accountants to consider a career move during the 2015 period.

“In a bid to stop this outward flow, companies placed renewed focus on retaining key talent by restructuring their finance teams to provide better and more clearly defined career development paths.”

Issuing its predictions for 2016, the survey added that, particularly throughout Melbourne and Sydney, companies within the wealth and superannuation sector will turn their attention towards hiring “customer-focused employees” in an attempt to differentiate themselves from competitors through personal interaction and superior service.

Offshoring to impact jobs market in 2016, survey claims
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