Market InsightsMarch 2013

Challenges hiring finance professionals

The main challenge is not a lack of candidates, but a lack of skilled candidates. Good talent is becoming harder to find.

Losing LAFHA will not attract as many overseas candidates.

Are clients at risk of hiring suitable cultural fit candidates who do not have the technical skills to perform immediately?

Clients are recruiting candidates from different industries because they fit culturally. Leaner times lead to leaner teams, which need ‘harmony’ to work well and deliver.

Important factors when hiring staff

Is it taking longer to recruit? Why?

A lack of talent is the main driver behind the increase in recruitment process lead times.

Companies are at risk of losing quality candidates if they take too long approving the hire.

Unsurprisingly the banking sector were the majority of the economic “wait and see” response.

Incentives used to retain staff

Few clients are counter offering to retain employees – 4% of respondents.

Bonus linked to performance reflective to market.