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2015 Accounting and Finance Hiring and Compensation Trends

2015 Accounting and Finance Hiring and Compensation Trends. Alex Da Silva Regional Vice President. Sources of Information. Thousands of full-time, temporary and project placements made by our offices throughout the year Local insight from our recruiting and staffing experts

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2015 Accounting and Finance Hiring and Compensation Trends

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  1. 2015 Accounting and Finance Hiring and Compensation Trends Alex Da Silva Regional Vice President

  2. Sources of Information • Thousands of full-time, temporary and project placements made by our offices throughout the year • Local insight from our recruiting and staffing experts • Exclusive research we conduct among CFOs, senior managers and employees • A review of actual starting salaries in 2014 • An extrapolation of current trends into 2015 2

  3. Trends Examined • The hiring environment • Public accounting • Financial service • Local trends • Reasons not to make a counteroffer 3

  4. The Hiring Environment 4

  5. The Hiring Environment • Accounting teams are expanding • Regulatory compliance mandates, baby boomer retirements are impacting hiring • Companies are adding temporary professionals 5

  6. The Hiring Environment What employers seek: Functional expertise Professional credentials Interpersonal abilities, communication and analytical skills 6

  7. The Hiring Environment Software proficiency 7 Excel ERP packages SQL IBM Cognos and MicroStrategy Hyperion QuickBooks

  8. The Hiring Environment Hot Jobs • Accounts receivable/ payable professionals • Auditors • Business and business systems analysts • Compliance professionals • Controllers • Cost accountants • Financial analysts • Payroll professionals 8

  9. Tough Time Finding Talent CFOs were asked, “In general, how challenging is it for your company to find skilled candidates for professional-level positions today?” Source: Robert Half survey of 270 Canadian CFOs. Responses do not total 100 per cent due to rounding.

  10. Public Accounting Trends 10

  11. Public Accounting Trends • Shortage of senior and managerial talent • Audit and tax staff needed • Entry-level hiring a focus • Compensation increases, work-life balance incentives used for recruitment, retention 11

  12. Financial Services Trends 12

  13. Financial Services Trends • Regulatory demands driving hiring • Private equity and hedge fund management firms are recruiting • Investment banking hiring fueled byimproved environment and mergersand acquisitions (M&A) activity 13

  14. Financial Services Trends • Salaries are rising • Sign-on bonuses and other incentives are common Compensation Trends 14

  15. Local Trends 15

  16. Local Trends • Sept. 2014 lowest unemployment rate in Canada since 2008 – 6.8% (StatsCan Sept 2014) • 4.4% Unemployment in Alberta (StatsCan Sept 2014) • Management Occupations – 1.3% • Business Finance & Administration – 2.3% • Natural and Applied Sciences & Related – 1.2% • 58% of Business Owners agree that hiring skilled labour has been difficult (ATB Business Beat Survey) • GDP for Alberta in 2015 projected at 3.6% (ATB Economic Outlook Q4)

  17. Local Trends Growing industries Positions in demand ? Region-specific insights on positions in demand and growing industries are available atroberthalf.com/salary-center. 17

  18. Local Trends • Hiring times are lengthening • Upward pressure on contract consultant pay rates • Flexible staffing is the new normal • Retention of key talent is a priority • Top candidates are receiving Multiple Offers

  19. 5 Reasons Why You Should Avoid Making a Counteroffer

  20. 5 Reasons Why You Should Avoid Making a Counteroffer • It’s not a long-term solution • You set a bad precedent • Morale can suffer • It can be difficult to re-establish trust • The employee’s performance likely won’t improve

  21. 2015 Accounting and Finance Hiring and Compensation Trends Alex Da Silvaalex.dasilva@roberthalf.comlinkedin.com/pub/alex-da-silva-ca

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