WHY SOFT SKILLS ARE SO IMPORTANT

Economic Outlook Roundtable: What Yorkshire’s Finance Leaders Are Saying About Growth, Hiring and the Road Ahead

Senior finance professionals from across Yorkshire recently joined Sharp Consultancy for an exclusive roundtable discussion featuring an economic update from Paul Mount, Economist and Deputy Agent at the Bank of England. The session provided a timely, in-depth look at the UK’s economic landscape — followed by a candid conversation about what businesses are experiencing on the ground.The picture that emerged was one of cautious realism. While official forecasts point to easing inflation and a gradual return to stability, many organisations across the region continue to navigate weak demand, rising labour costs, tightening legislation and stalled investment projects. Yet despite these pressures, there remains a strong sense of resilience and adaptability — qualities that have long defined the Yorkshire business community. At Sharp Consultancy, our specialist finance and accountancy teams speak daily to employers and professionals across commerce, industry, public practice and the not-for-profit sector. What we heard in this session closely aligns with the insight we gather from clients and candidates across the region. Below, we explore the key themes shaping business confidence, recruitment activity and the outlook for 2026. Inflation Is Easing, but Confidence Has Yet to Follow The Bank of England outlined its latest central forecast: Inflation expected to gradually return toward the 2% target. GDP growth set to remain modest but stable through 2026. Interest rates anticipated to settle around 3.5% based on market expectations. Unemployment projected to hold near 5%. However, the sentiment in the room was clear: despite improving headline numbers, confidence across most sectors remains fragile. Many organisations described the environment as “flat” — not contracting, but unable to capitalise fully on opportunities due to economic uncertainty. Sharp Consultancy continues to see this play out: businesses are stabilising rather than expanding, focusing on cash management, operational efficiency and carefully controlled hiring. Labour Costs Continue to Reshape Workforce Strategies Wage pressures were a recurring theme throughout the discussion. Employers highlighted: Significant increases to the National Living Wage. Higher employer National Insurance contributions. Expected future changes to minimum wage equalisation for younger workers. Rising cost and complexity associated with apprenticeships. These factors are pushing up costs at every level of the workforce and reshaping recruitment behaviours. Across Sharp Consultancy’s accountancy and finance divisions, we are seeing: Strong demand for replacement hires where roles are business critical. Lower volumes of growth hires, particularly in commercial and project-focused appointments. Clients increasingly prioritising candidates who bring breadth, adaptability and long-term value. Construction & Infrastructure: Capacity Under Pressure Leaders from the construction sector painted a challenging picture — one mirrored by many Sharp Consultancy clients operating across the wider built environment. Key themes included: Planning delays of 9–10 months, particularly related to the Building Safety Act. Businesses holding on to workforce capacity despite reduced margins — a strategy that may not be sustainable in 2026. Difficulty justifying new capital expenditure under IFRS when future cashflows are uncertain. Concerns that smaller subcontractors may not withstand prolonged delays or reduced demand.Yet, attendees also highlighted that construction could become a catalyst for economic recovery — provided policy reform and planning improvements unlock stalled projects. Manufacturing: Rising Costs and Shifting OperationsLeaders representing manufacturing shared concerns around: Rising energy and operational costs. Increased frequency of site closures and offshoring. Significant challenges in attracting engineering and technical talent. Early signs of contraction in several sub-sectors, with aerospace a notable exception. These pressures reinforce the growing importance of finance leaders who can model scenarios, manage volatility and guide long-term planning — roles Sharp Consultancy continues to support across the manufacturing landscape. Charity & Public Sector Organisations Facing Acute Strain For organisations reliant on local authority funding, the challenges are particularly stark. Attendees reported: Government and council funding caps. Rising NI, wage costs and VAT changes adding millions to annual budgets. Increasingly complex consultation requirements under forthcoming employment legislation. The likelihood of significant cuts to the frontline services in the months ahead.Sharp Consultancy’s continues to work closely with organisations navigating these pressures, supporting clients through restructuring, recruitment challenges and financial planning needs. Recruitment Outlook: Stability Over Expansion Across sectors, the message was consistent: 2026 is expected to be cautious, steady and focused on maintaining capability rather than expanding headcount. Attendees forecast: Workforce levels remaining broadly flat. Hiring driven by essential replacement roles. Transformation, M&A and large-scale project hiring likely to remain subdued. Improved recruitment confidence only once interest rates and policy direction stabilise. For employers, this means sharper competition for high-quality finance talent — an area where Sharp Consultancy’s specialist teams continue to provide targeted, market-led support. What Comes Next? A Slow but Steady Rebuild Despite the challenges discussed, the roundtable ended on a constructive note. Many leaders believe that once interest rates settle and stalled investment begins to move, the region could see a more meaningful upturn — potentially from 2026 onwards. Yorkshire businesses have proven time and again that they are resourceful, resilient and ready to adapt. Sharp Consultancy remains committed to supporting them through every stage — whether stabilising teams, recruiting future leaders, or navigating the next phase of growth. If you’d like to understand what these economic trends mean for your business or team, speak to our specialist consultants for a confidential market discussion. Contacts Us

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When preparing for an interview for a new position or aiming to gain a promotion, it can be easy to focus upon your job specific knowledge and experience and over look the soft skills which are just as important to ensuring that you land the role.

With more and more employers utilising competency based interviews as part of the recruitment process, failing to understand the importance of soft skills could see you trip yourself up as these will often assist employers differentiate between candidates of a similar calibre.

Whilst hard skills – your qualifications, training courses, experience and expertise – are undoubtedly important, soft skills demonstrate more to an interviewer about your people or interpersonal skills and generally cover areas such as communication, teamwork and problem solving.

The majority of candidates applying for a role will no doubt tick many, if not all, of the boxes – the hard skills - necessary to perform the role and any which do require improvement, such as mastering a particular IT programme, will often be in areas that can be addressed through training. Softer skills however tend to be the skills that a person ‘naturally’ possesses, and as such are not so easy to teach therefore can be harder to find an individual that displays the right qualities that will make them an ideal cultural fit for a particular organisation.

During an interview, employers will look to assess your soft skills through a series of questions aimed at getting you to talk about real life situations where you will be required to describe how you approached a particular scenario, your behaviour and what the eventual outcome was and what you took away from the experience.

Before attending an interview, it is worth preparing a handful of relevant examples that will enable you to demonstrate these skills.

Our top five soft skills for success:

1.Communication

Demonstrate that you are a good communicator by illustrating your examples with the type of language that you used, your tone, delivery and also your ability to listen and take on board the views of others.

2.Problem Solving

Show that you can think around a problem and come up with creative solutions and put in place measures to address any obstacles which you may come up against. It is also beneficial to highlight examples of where you have been proactive in anticipating a problem and where you have been able to overcome unexpected issues to produce a successful outcome.

3.Negotiating Skills

Can you deliver a compelling case for approaching a project in a certain way? Can you build effective relationships with other team members and departments to ensure that everyone is working towards the same goal? Can you take on board other points of view and work collaboratively to help shape the eventual outcome?

4.Passion

Are you genuinely enthusiastic about the role and opportunity to join the company? Don’t be afraid to show that you are keen to become part of the team and that you have the drive and desire to make the role a success.

5.Confidence

It’s important that you demonstrate that you are confident in your ability – but don’t let that come across as being arrogant. Show that you believe you are the right person for the role with examples of how you have made successful contributions, by sharing your goals and ambitions for the future and how you think you can make a real difference to the organisation.

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 US today to speak to a member of our team about your next career move.