The number of finance and accounting vacancies we are filling across the Southern Home Counties on a monthly basis, specifically at the part qualified and qualified levels, has hit an all-time high since 2007.
In response to the worsening economic conditions at the time, from 2008-2012 blue-chip organisations and accountancy practices all but obliterated their graduate recruitment schemes, resulting in a shortage of qualified candidates.
This has led to a candidate vacuum in the Southern Home Counties due to a combination of factors including the economic bounce back over the last three years, increased headcount growth, the replacement of natural attrition, the revival of business transformation programmes previously on hold, and an increase in M&As and IPOs.
The shortage of qualified candidates in the Southern Home Counties has also not been helped by a major increase in City hiring for finance and accounting roles drawing high calibre candidates from the local area.
In an effort to counter this trend, our clients are becoming increasingly dependent on contractors both for long and short term roles.
Most evident however is the noticeable shift from contingency recruitment (eg. non-exclusive) towards retained searches for more junior candidates not traditionally associated with this format of recruitment. Organisations are increasingly realising the benefits of retaining and incentivizing recruiters to go the extra mile to find candidates that their competitors cannot.
What does this mean for you? If you’re a finance professional, perhaps widen your job search to roles in the Southern Home Counties!