HOW ENGAGING WITH A MENTOR CAN BENEFIT YOUR

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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A career mentor can bring huge benefits and with their help and support, make a significant contribution to enabling you to achieve your professional goals. Not only can they be a real source of inspiration, but they will also have knowledge, expertise and advice that can help you at every stage of your career.

So how can you go about identifying a career mentor?

It is important that you spend some time determining what it is that you want to achieve from your relationship with a mentor and have some clear goals as to where you want to be in the coming year, three years, five years. As part of the exercise, try to understand what the key areas are that you feel you need support with as this will help you narrow down what you are looking for in a mentor and enable you to best identify someone to suit your circumstances.

Your mentor can be a senior colleague from another department or office location, or it could be someone from outside your place of work such as a former colleague or a respected industry figure. There are several options available to help you find a mentor; your company may run an internal mentoring scheme, or you may feel comfortable approaching somebody in the business direct. Education bodies, training institutions, professional membership bodies and regional and industry networking groups may also operate programmes that can put you in touch with potential members.

A mentor must be someone that you trust; much of what you discuss with them could be confidential and you will also need to ‘open up’ to them about your weaknesses and be honest about what is holding you back. Trust is fundamental to you being able to build a successful relationship from the outset.

Key qualities to look for in your mentor include someone that makes you feel comfortable and you can build a rapport with, someone whose career you admire – not only in what they have achieved but the route they have taken to reach their level – and someone who is prepared to give honest and constructive feedback. And remember, the mentoring relationship is two-way, so consider what you can bring – passion, enthusiasm and a keenness to learn will also contribute to a positive and successful partnership.

A good mentor will tailor their support to each individual based upon their areas of expertise and the support that is required. Typically, mentoring relationships will focus upon career advice, guidance on professional development, encouraging creativity and innovative ways of working, support with a specific project, suggestions on how to build upon a person’s strengths and address any weaknesses as well as learning and development of new skills.

It is important to remember that your mentor is offering to provide you with valuable help and support for free so it is essential that you are committed and open to learning from their advice – even when the feedback might be negative. Go into each session well prepared and with feedback on how you have put into practice what has been discussed in previous meetings.

There’s no set time-frame to how long a mentoring relationship will last; some people may have several mentors over the course of their career, others may work with the same person for many years.

Our top benefits of having a mentor:

They help educate you and support you developing new skills
They provide you with someone to talk to about your career outside of your work place
Their advice is free
They offer you a different perspective
They are there to provide you with support

Sharp Consultancy specialises in the recruitment of temporary, interim and permanent finance and accountancy professionals. With offices in Leeds and Sheffield our highly experienced team of consultants recruit for positions throughout Yorkshire and beyond. CONTACT US today for expert advice on your next career move.

HOW ENGAGING WITH A MENTOR CAN BENEFIT YOUR CAREER

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