HOW TO CHOOSE YOUR REFERENCES

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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Choosing who to put forward to provide you with a reference is a key part of the job application process; after all your hard work in securing your dream role, you don’t want your efforts to be in vain with a poorly selected referee.

What is a reference?

References act as a third party endorsement – a seal of approval – that you are who you say you are and that you have performed the roles outlined on your CV. They are a beneficial way for potential employers to confirm that they have made the right choice in selecting you as their preferred candidate.

What information will be provided about you?

There are specific details that your current or previous employer can provide when giving a reference; length of employment, job title/role, brief outline of responsibility, overall performance, attendance record and reason for leaving. They can also state whether or not you would be someone that they would look to rehire in the future.

An employer is not obliged to provide a full reference – they may opt to simply provide a factual reference – however if they do, they must ensure that it is fair and accurate.

How many references do I need to provide?

It is normal practice to provide a minimum of two individuals, one of which should be your current or most recent employer. It is not always necessary to detail these on your application – ‘references available on request’ will usually suffice – however if you are required to provide names, there will most likely be an option to indicate that you would only like your referees to be contacted once an offer of employment has been made.

Do I need to put forward my line manager?

Not necessarily, but do select someone who will be able to talk positively about all aspects of your work. This could be your department manager, team leader or company director. It is important to ensure that whomever you wish to put forward, you have spoken to them in advance so they can give their consent and are prepared for request when it comes.

What information will my potential employer require?

When putting forward a person to provide a reference, you will need to supply their full name, their job role (and potentially outline how this relates to your current role) and an up-to-date email address and contact telephone number. Double check what the policy is at your current workplace in case there are specific procedures which need to be followed to obtain references.

I’m not sure who to suggest as my second referee – what should I be looking for?

Most importantly, who you put forward should be someone that you have a good working relationship with – this could be a former employer or colleague, a client or business associate, am customer or possibly a tutor or lecturer if you have recently completed a training or education course. Make sure that whoever you select is someone that you know primarily in a work capacity – not a friend or family member – and that they are familiar with your career progression to date.

And finally...

As well as asking people in advance if they are prepared to provide a reference, make sure you follow up any requests by thanking them for their time and letting them know when you have been successful in securing a new role – you never know when you could be calling upon them again!

Sharp Consultancy specialises in the recruitment of finance and accountancy professionals. With offices in Leeds and Sheffield our highly experienced team of consultants recruit for temporary, interim and permanent roles across the full spectrum of positions throughout Yorkshire and beyond. CONTACT US today and speak to a member of our team about your next career move.