NATIONAL STRESS AWARENESS DAY – HOW TO MANAGE

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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Today (Wednesday 3 November 2021) is National Stress Awareness Day. Set up by the International Stress Management Association, National Stress Awareness Day aims to raise awareness of the effects of psychological distress in the workplace and strategies to address it.

It is important to recognise the signs of workplace stress; if left unaddressed, workplace stress can have a huge impact on both employees and employers, and it is vital that steps are taken. Understanding the cause – which may stem from work or possibly something occurring outside the workplace – is essential.

It can be difficult to recognise when you or someone you work with is feeling stressed; the signs can manifest themselves is different ways however commonly, a person may be irritable, unmotivated, become unproductive and seemingly unable to manage tasks or communicate effectively with their colleagues or interacting differently with their friends and family away from work.

Try to understand what triggers the feelings of being overwhelmed – is your workload too heavy, are you trying to manage a difficult team member, do you have a poor relationship with your manager, do you feel that the culture of the company is not a good fit for you? Once you understand the triggers, you can look to adopt tactics and strategies to try and manage the situation.

Here are our tips and suggestions to dealing with stress in the workplace:

Speak up: Arrange a time to speak with your line manager if you are finding that your workload is unmanageable. If it is a particularly busy period at work, look at which tasks need to be prioritised and if there are any areas of your work that can be handled by a colleague whilst you deal with the most pressing matters. If it is an on-going issue, revisit your job description and highlight key areas which may have become more challenging and have suggestions to put forward on how these can be better resourced or solutions to address the issues that have arisen.

It's OK to say no: You may be keen to show that you are a willing and capable employee and a good team member, but that doesn’t mean that you should always say yes to every request that is asked of you. If it is not feasible for you to take on additional tasks or meet the deadlines put forward, be honest and outline the reasons why and offer a time-frame when you would be able to look at the request.

Take a step back: Take time out to speak to friends, family or a colleague about the way that you are feeling and try to put things in perspective. Often talking through a situation can help you filter out which parts are the most important and allow you to focus your attention more clearly.

Take regular breaks: During the working day, make sure you are taking regular breaks away from your desk to refresh your mind. It is important to take a proper break at lunchtime and eat a healthy, nutritious meal that will set you up for the afternoon. Also make time to get outside and take in some fresh air. It is important to schedule in regular holidays and ensure that you use your time outside of work to relax and look after yourself.

Consider making a change: Is it time to look for an alternative role? If the things that are making you stressed cannot be addressed, then it might be time to think about whether a different role or organisation may be a better fit for you. Stress can be damaging to a person’s confidence, so it is vital that any move is considered very carefully to ensure the opportunities available and culture of your potential new company is right. Work closely with a specialist recruitment consultant who will be able to give you great advice on which roles are available and insight into which companies will be a good fit.

Sharp Consultancy specialises in the recruitment of finance and accountancy professionals. With offices in Leeds and Sheffield our highly experienced team of consultant’s 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.

NATIONAL STRESS AWARENESS DAY – HOW TO MANAGE STRESS IN THE WORKPLACE

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