Commerce and Industry Market Insights in London 2017

Pres Pillai our consultant managing the role

The London Commerce & Industry Market Insights Report covers the following areas. Click to view salaries:


Part-Qualified & Transactional

There is likely to be a continued increase in transactional level recruitment this year, as companies look to nurture and develop talent internally. Roles are of course still available at part qualified finalist level, but less so than in previous years as companies focus on retaining existing staff rather than bringing people in externally. There has been a good spread of roles within the temporary and contract market, although the emphasis here has also been on transactional jobs.

Newly-Qualified

There is an increasing emphasis within the industry on developing accountants who can add communication and relationship building skills to their financial an technical capability. With finance departments now seen as key influencers of business performance, companies are looking for candidates who can business partner with senior stakeholders. For commercial roles, clients are generally looking for candidates with an industry background and with hands on commercial experience. For technical roles, ACA qualified candidates who have come from a practice background are preferred.

Qualified

The two to six years post-qualified experience space was a real hot spot, particularly for CIMA and ACA candidates with a few years’ commercial experience. This trend is expected to continue as companies invest in additional headcount to support growth. Multiple offers and counter offers from existing employers have become common, with fast moving recruitment processes and significant salary offers now the norm.

Executive & Interim

2016 was a steady year for executive and interim recruitment across the spectrum of commerce and industry. There was some inevitable stagnation during the summer months due to the uncertainty created by Brexit, although towards the end of the year confidence improved and we saw an uplift in demand for interim finance director and chief finance officer roles. The triggering of Article 50 this year has resulted in an increased demand for interim resources as businesses  are reluctant to commit to long term hiring strategies. Equally, businesses will also look to carry on with projects they have already committed to, undertake acquisitions , and so the need for highly commercial finance directors and chief finance officers should remain.

Download the full Commerce and Industry markets commentary and salary insights here [500KB PDF] »

View salaries and commentaries in other UK regions and Ireland »

11/09/17
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Part Qualified & Transactional The beginning of this year was busier than usual, with consistent job flow and healthy activity - junior professionals are less worried about moving roles with Brexit on the horizon. New budgets are set at the beginning of the year, and companies were certainly hiring. Newly Qualified 2019 got off to a subdued start, it’s often a challenging period where clients are busy with month/quarter/year end, and recruitment isn’t the priority. In addition to this, the political landscape made employers much more considered about their hiring strategy and we saw 17% less permanent roles being registered. In saying this, as the year has progressed, the volume of roles has increased and the market is buoyant. Our main challenge is that the market is in short supply of candidates. Reasons for this are that Q1 is a busy season for ACAs in practice so they do not have the time to interview, and also many permanent candidates are reluctant to move due to economic uncertainty. Qualified Interim The qualified and interim market enjoyed a successful 2018, with a record Q2 for the business. Albeit a slow start to 2019, the market gained some momentum after January. These peaks and troughs perhaps mirror the political uncertainty around how we are to leave the EU. Despite the turbulent environment, our data points towards a busy recruitment market where we are seeing increases in the number of permanent and interim roles being registered. Considering the UK’s high employment rate and the demand for high calibre individuals, there is an emphasis on engaging with passive candidates in new and innovative ways. INSIGHT: Will IR35 affect your business? Employees in the United Kingdom can be categorised as full-time, part-time, casual, freelance and contract workers, with the self-employed bracket now making up 15% of the entire working population. The number of self-employed workers jumped from 3.3 million in 2001 to 4.8 million in 2017, with a corresponding fall in the unemployment rate showing the overall boost in jobs growth from the rise in self-employment. Download the full Commerce & Industry 2019 Market Insight Report »  View salaries and commentaries in other UK regions and Ireland »

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