As we make our way through the summer months, we take a look at what can be done by both employers and employees alike in order to survive the ‘’summer slowdown’’ in terms of hiring. Our expert recruitment consultants have provided insights on all you need to know within Accounting & Finance.
During summertime, it can be the common preconception that both hiring and job seeking go on a sort of slowdown, however this does not necessarily mean that candidates aren’t looking. Yes, annual leave and holidays during the summer can sometimes make it difficult to speed up the hiring process or engage properly with candidates/hiring managers, however that doesn’t mean that hiring stops completely. There are some things you can do, both as an employer or a jobseeker, to ensure that the traditional ‘’summer slowdown’’ doesn’t impact you in a negative way.
As an employer, there are some things you can do to make the most of the summer period and improve your hiring processes.
Jobseekers are looking for more from employers than ever before - within Accounting and Finance for example, jobseekers are increasingly looking for benefits such as study support, flexi hours, working from home and steady career progression. Then in terms of what employers are looking for from jobseekers, there is an increased need at organisations for newly qualified professionals, or those with 3 years post qualification experience in R2R and Business Partnering/Commercial experience. There is also a continued demand for payrollers.
In terms of what skills and qualifications are standing our across the board in Accounting and Finance, the usual qualifications such as ACCA, ACA, CIMA, ATI & IPASS are still relevant across the board. Relevant experience with systems such as SAP, Oracle and Sage alongside a proficient level of Excel is also widely valued. In terms of languages, the most sought after apart from English are German, Dutch and French. Those with EMEA payroll experience, month end experience and high volume AP experience are also in demand during these summer months. Candidates who are available for an immediate start are at an advantage for time sensitive roles. Also at an advantage are those who can bring international experience to the table.
As with every quarter, there have been certain challenges and difficulties for both job seekers and employers during Q2. For jobseekers, lack of industry relevant experience here in Ireland is a hindrance, as well as being involved in multiple processes at the same time and therefore not having enough time for interviews and to focus on certain interview processes. The main problem here for jobseekers is essentially having too many options on the go at once and therefore not being able to commit enough time or effort to any one.
On the other hand, some challenges which employers may be facing this quarter include issues in relation to supply and demand. Certain jobseekers are looking for far more than the market average for certain roles, and employers are finding they have to offer this in order to secure the talent they wish to. Organisations are finding themselves losing talent due to counter offers and a lack of speed of hiring on their side. As mentioned above, candidates are often involved in multiple interview processes and so businesses are having to start interview processes multiple times as professionals they have been engaging with are snapped up.
The main areas of growth during Q2 for Accounting and Finance include Reporting and Financial Planning and Analysis. There has been continued growth in these sectors within Multinational Shared Service Centre’s due to transitioning new entities.Overall, professionals should not be expecting a real ‘’’summer slowdown’’ in terms of hiring but more of a different form of interview process due to annual leave and holidays during the summer months. There is set to be continued growth across the R2R and Commercial space as we continue into Q3. There is also set to still be a need for various European languages within the transactional accounting space, as we have seen in Q2.
Top Tip for Jobseekers: Stay in touch with your recruiter!