AS WE LAUNCH THE SHARP CONSULTANCY 2019/2020

Sharp Consultancy's Salary Survey 2025/26: Resetting the Landscape: Strategic Shifts in Finance Recruitment

It would be remiss not to start by addressing the elephant in the room — 2024 was a challenging year.While there were many reasons for this and numerous industries were affected, recruitment likely bore the brunt of it, particularly in the 6 months post-election(s).Whilst key roles and critical hires remained unaffected, certain head counts and processes were scrutinised and investment paused with internal restructures and automation utilised to reduce costs, in some instances, at the expense of employees. We subsequently saw an increase in candidate activity, with the talent pool strengthening. As those pressures eased in Quarter 4, recruitment processes saw improvement and green shoots have emerged. Optimism is on the rise in key hiring processes, albeit with a caveat. The cloud of additional cost increases in April, which is still dissipating. The senior finance and C-Suite market remains relatively unaffected, both regarding opportunities and candidates, it is the levels below that we have seen more change. In the evolving landscape of working dynamics, the volume of hybrid working is gradually waning despite sustained interest from candidates, presenting fewer job opportunities. While the blend of office and remote work remains desirable, it is no longer the predominant factor, indicating a notable shift in priorities for clients and candidates’ acceptance alike. Conversations with candidates underscore a growing desire around the importance of having a supportive mentor or manager and many professionals are increasingly open to a full-time return to the office if it guarantees enhanced guidance and avenues for professional advancement. "The salaries throughout transactional finance have stabilised across the region."Throughout the professional practice market, some similar trends have been observed but there have been noticeable differences in the past year. Salaries across the range of candidates in professional practice, from AAT to fully Qualified (ACA/ACCA) individuals are still rising and those firm’s able to offer competitive salaries alongside stronger training contracts are beating out the competition in a candidate market with a growing focus on study support packages and career advancement opportunities for Part-Qualified candidates, indicating an increase in demand from employers and the volume of available job seekers. The salaries throughout transactional finance have stabilised across the region, in what feels like the longest period of stability seen since Q4 2020 and we expect transactional finance salaries to remain stable throughout 2025/26, with anticipated salary increments to be moderate compared to the significant increases observed throughout the last 2 years. AI & Systems (process automation) continues to impact accountancy and finance, in particular, across larger functions but this has increased the need for wider interim support to assist with the transition and implementation especially with large, automated processes. Whilst 2025-26 will not be the same marketplace for recruitment as seen in previous years, there is certainly a growing level of optimism and whilst a more settled market may be seen as a negative in some areas, for those that have weathered the peaks and troughs over a longer period of time, it will feel very normal and a strong setting for both employees and employers to take advantage and thrive, with an increasing emphasis on growth and development.Download the full Salary Survey here!

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Brexit. It’s never far from people’s thoughts. At the time of writing, we are still awaiting what the final outcome will be, yet the political uncertainty and potential turmoil being foreseen has done little to dampen demand with early indications showing that finance and accountancy remains incredibly buoyant across the region.

The economy continues to improve – we have seen six consecutive years of growth – and with growing companies driving demand for recruitment, the end of 2018 saw employment levels in the UK approach full capacity.

The previous 12 months saw sustained demand from across all industry sectors; even those experiencing reported difficulties– such as retail – pressed forward with recruitment with the changing needs of businesses driving the demand just as much as growth.

The quest for part qualifieds to finance controllers in particular remains high with a notable increase in six figure plus senior level appointments also being witnessed. However, with demand somewhat outstripping supply across a number of roles we have seen significant changes to the way in which organisations are approaching their ongoing recruitment needs.

The dynamics of the current market have led to an increasing number of businesses engaging with recruitment specialists on a retained basis and, with it very much being a seller’s market, companies are making significant moves to becoming more flexible. With increasing emphasis upon part-time and family-friendly working patterns we are seeing organisations seizing every opportunity available to them to make their opportunities most attractive to candidates.

With good quality candidates seemingly having their pick of the available opportunities, it is those companies who are fleet of foot that will triumph in the current market conditions. With the recruitment process for candidates below qualified level typically taking between two to four weeks maximum and senior level appointments typically being filled in less than eight weeks, companies which become embroiled in procedure and red tape are regularly finding themselves behind the curve.

As the pressure on supply continues, the need to retain top talent intensifies. A higher proportion of buy back and counter offer attempts are being made with high pay rises and increased benefits being offered, albeit with often quite strict demands and tie-in conditions in return to secure loyalty. As a result we are seeing fairly sizeable jumps forward in salary levels; typically 5-10% but increases of 10 – 15/20% are no longer unusual.

The volume of demand and pace of the current market has seen businesses reverse the trend of recent years to take their recruitment in-house; many are recognising that for key business change roles in particular, the need for specialist expertise and support is critical to successfully securing appointments.

This shift in the relationship between client and supplier has seen more emphasis being placed upon our role as a trusted advisor and this is set to continue over the coming year as, whatever the outcome, Britain finds itself entering a new era.

The above editorial is an extract from the Sharp Consultancy 2019/2020 Salary Survey; a full copy can be downloaded here.

Sharp Consultancy specialises in the recruitment of temporary, interim and permanent finance professionals. With offices in Leeds and Sheffield our highly experienced team of consultants recruit for positions throughout Yorkshire and beyond CONTACT UStoday to discuss your recruitment needs with a member of our team.

AS WE LAUNCH THE SHARP CONSULTANCY 2019/2020 SALARY SURVEY, EXECUTIVE DIRECTOR LEE SWEENEY REFLECTS ON THE PREVIOUS 12 MONTHS AND SHARES HIS VIEWS ON WHAT LIES AHEAD OVER THE COMING YEAR.

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