Demand for accountants tipped to spike

Demand for accountants tipped to spike

A growing shortage of specialist skills will fuel an increase in remuneration for some accountants and create a ‘candidate-driven market’ in 2016, according to a new survey by recruitment firm Marks Sattin.

The survey of more than 1,300 Australian professionals across finance, accounting, insurance and wealth management found that 2016 will bring additional challenges for employers, with in-demand talent understanding they can wait for the right opportunity.

According to the survey, the top 10 roles in demand for 2016 are:

1. Fund accountants
2. Unit pricing professionals
3. Claims specialists
4. Investment operations
5. Paraplanners
6. Advisors
7. Injury management advisers
8. Accountants skilled in business partnering
9. Allied health professionals
10. Underwriters

Ieuan Williams, director Marks Sattin, said that employers must be more proactive in how they attract top candidates and retain in-demand talent, by ensuring their value proposition is relevant to today’s market.

“As we move into a candidate-driven market, employers should be looking to set themselves apart by executing on workforce engagement strategies that attract and retain top talent,” said Mr Williams.

The survey also job seekers are both more optimistic around the state of the economy and more secure in their roles, private practice accounting and wealth management were the most optimistic sectors surveyed, with 40 per cent and 38 per cent respectively stating they felt optimistic.

“With candidates having the upper hand in the Australian financial services and accounting market, and with increased pressure on remuneration budgets, employers must look at how they formulate and execute attraction and retention strategies to differentiate themselves,” said Mr Williams.

Demand for accountants tipped to spike
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