Vaco identifies recruitment trends and advice in accounting and finance for 2022

0

Los Angeles, December 08, 2021 (GLOBE NEWSWIRE) – Vaco, a global talent management solutions company, recently published four hiring trends in accounting and finance that will impact businesses in 2022. Vaco detailed these trends in a new eBook, “Data + Trends for the Accounting and Finance Hiring Market,” covering the recruiting and hiring landscape as well as current challenges and useful tips for organizations. Trends include the realities of hybrid work, employee resignations, compensation, and candidate shortages.

As noted in the eBook, based on data from the United States Bureau of Labor Statistics (BLS), among other sources, in August 2021, the number of available jobs exceeded the number of unemployed by about one million. Americans. The number of unemployed per job offer fell to just 0.8, which crowns a trend of the scarcity of applicants which has been strengthening since January. The financial sector had the lowest unemployment rate of any industry in the United States, at just 3.2%, leaving virtually all businesses struggling with hiring, retention, employee burnout and d ” inadequate expertise in finance and accounting.

Vaco, which provides consulting, contracting and direct hire solutions in accounting and finance, technology and operations, noted these four key trends impacting the accounting talent market and in finance and how companies can respond:

  • Trend 1: Accounting and finance professionals have widely embraced remote and hybrid working.
    For many applicants, flexible work options are a key differentiator among employers, so it’s important for companies to offer remote and hybrid work if they are to compete. (Page 9 in eBook)

  • Trend 2: Many industries with a strong accounting and financial component are experiencing record turnover rates.
    Financials, professional and business services, and the finance and insurance industries all saw highs in 20 years of employee departures in April 2021, indicating that historically stable and mature companies need to reorganize their businesses. benefits and their interview processes to find and retain top talent. (Page 11 in eBook)

  • Trend 3: Salaries for accounting and finance professionals are increasing rapidly.
    With fewer applicants and more competition, companies are outbidding the best candidates at all employment levels, so paying competitive salaries is a must to attract and retain top talent. (Page 13 in eBook)

  • Trend 4: The pandemic has had an impact on the number of accounting students taking the CPA exam.
    Many accounting majors interrupted their studies during the pandemic, delaying entry into the workforce by a year or more, while many graduates delayed the CPA exam. Companies should consider increasing compensation and benefits accordingly or adjusting job requirements, such as rethinking the need for CPA certification, to fill this market gap. (Page 16 in eBook)

“With the end of the year and tax season approaching, businesses need skilled accounting and finance talent to meet critical deadlines,” said Frances Moreno, co-founder and managing partner of Vaco in Los Angeles. “At Vaco, we know there is no ‘business as usual’ when it comes to hiring or recruiting the best people – and keeping the professionals you have. There has never been a more critical time for companies to assess their compensation plans, benefits, hiring process and, above all, their culture and investment in people.

Download Vaco’s eBook, “Data + Trends for the Accounting and Finance Hiring Market,” for more tips and information to help propel your organization.

About Vaco
Vaco provides critical talent solutions to our clients by providing consulting, project resources, executive search, direct hire and strategic staffing solutions with expertise in accounting and finance, technology and operations. In addition to Vaco, our family of brands includes MorganFranklin Consulting, a global methodology-driven consulting platform; Pivot Point Consulting, one of the leading providers of IT solutions for KLAS healthcare; and Focus Search Partners, a retained executive search practice. Since its creation in 2002, Vaco has grown to serve more than 12,000 customers around the world with 10,000 employees. Vaco has been named to Inc. magazine’s list of Fastest Growing Private Companies for the past 15 years and was named to Forbes’ 2018-2021 Lists of America’s Best Recruiting Companies. Vaco’s Los Angeles office has been named the Best Place to Work in Los Angeles four times and received the Gold Stevie Awards for Best Employer and Best Company of the Year. For more information, visit www.vaco.com.

CONTACT: Deborah Jones Strategies (for Vaco) 714-656-0139 [email protected]


Source link

Share.

Comments are closed.