With unemployment levels at their lowest since 2007, many businesses in the Mid-West are struggling to recruit candidates with the required skillsets – particularly in Accountancy & Finance related disciplines.
The main contributing factors to this shortage are an overall lack of applicants to live jobs, and a lack of required skills and experience among those who do apply.
Many organisations have recognised this shortage with 34% of companies in Ireland taking steps to increase their salaries for 2018. 20% of organisations are putting more efforts into their employees learning & development in order to retain top talent. By investing in a person’s career path and offering viable opportunities for progression, businesses can combat the threat of employees moving to competitors for a more attractive remuneration package.
Even with these measures in place, average turnover rates in Ireland are expected to remain at 11% - replicating 2017 levels. However, for organisations with 100-300 staff, this figure is expected to rise to 14% which reflects a significant increase on 2017.
On the other end of the spectrum, this has created a market which is strongly in favour of the candidate. Suitably qualified accountancy and finance professionals, particularly those with backgrounds in ‘big 4’ practice or large multinational companies are now commanding higher starting salaries and more comprehensive benefits packages.
Morgan McKinley currently have a diverse selection of Accounting & Finance roles across all levels of seniority.
If you are a qualified finance professional in the Mid-West, now could be an excellent time to plan your next career move. If you are interested in learning more about the types of opportunities available with Morgan McKinley, please get in touch for a confidential conversation.