New year budgets see hiring expectations rise
The finance sector is embarking on a large-scale recruitment drive, with returning confidence translating to a spike in permanent appointments, a snapshot shows.
After months of contract-only roles dominating job ad space, the market has seen a shift back towards permanent employment, particularly in management and accountancy roles, according to Hays’ hiring trends report.
However, the demand for 12 month contractors is also high.
The proliferation of Initial Public Offerings (IPOs) in the market has pushed up demand for finance managers, particularly those who command salaries between $120,000 and $140,000. The number of candidates in the space increased as well.
Auditors with experience at one of the Big Four are also being sought, along with analysts across the experience spectrum, but particularly those with between one and three years’ experience, the survey showed.
On the accounting side, small to medium businesses have an eye out for mid-level accountants, with “all-rounders” in placed in especially good stead.
Financial accountants with Government security clearance are in very high demand, as organisations look to compensate for losses from former employees who have taken voluntary redundancies.
Recommended for you
Minister for Financial Services, Stephen Jones, has said he did not expect backlash to changes around advice fee deduction and believes the second tranche will have greater impact, committing to enact it by May 2025.
Financial adviser numbers are “back in black” for the year to date, thanks to 50 new entrants joining the industry over the last four weeks.
An equity partner firm of Count has purchased a Brisbane-based accounting business for nearly $1 million, as Count drives forward its inorganic growth momentum.
Australia’s looming intergenerational wealth transfer remains a crucial opportunity for financial advisers, with 14 per cent of consumers looking to transfer $1 million or more.