Recruitment trends we have seen in 2024
Throughout 2024, the demand for candidates has been unprecedented, with the number of vacancies far outweighing the number of available candidates. On average, relevant candidates are attending 3 interviews, demonstrating how there is a lack of available talent in the marketplace. This has since caused firms to re-evaluate their salary and benefits packages, increasing competition amongst peers to secure the best talent and offer the best packages.
Key trends include:
• Hybrid and Remote Work: The shift to hybrid and remote working arrangements, accelerated by the pandemic, continues to be popular in 2024 and this will carry through to 2025. Firms are offering flexible work models to attract top talent, with a focus on work-life balance and adaptable roles.
• Focus on Soft Skills: Besides technical expertise, there is a growing emphasis on soft skills like communication, leadership, and problem-solving. Accountants need to work effectively in cross-functional teams and explain complex financial data to non-financial stakeholders.
• Talent Shortages: The accountancy sector is facing a talent shortage, particularly in specialised areas like Corporate Tax and Audit. Firms are focusing on upskilling and offering competitive salaries to attract and retain talent.
• Focus on Well-Being and Mental Health: Employee well-being and mental health are becoming a significant part of recruitment strategies. Companies are enhancing their benefits packages, offering mental health support, and promoting a culture of work-life balance to attract and retain talent in an industry known for high-pressure environments.
