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An international recruitment firm has released its latest data on where pockets of demand lie for job seeking accountants, and where recruits are continuing to miss the mark.
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Hotspots of accounting skills demand revealed
05 April 2017
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The latest Hays Quarterly Report for April to June 2017 has revealed that the digital and technological divide between jobseekers’ skills and employers’ requirements across all sectors has never been greater as we approach the Fourth Industrial Revolution.
“If you aren’t continuously upskilling in new technology relevant to your field, you’re behind the times. Change happens so fast that some of the skills now required hadn’t been heard of a few years ago,” said Nick Deligiannis, managing director of Hays in Australia & New Zealand.
“There aren’t many jobs or industries where technology isn’t integral. With an overwhelming number of emerging new technologies, our advice is to narrow your focus to those that are or could be adopted in your field. No one can be an expert in every new development, so upskill in only those relevant to your job or the job you aspire to.”
In the accounting and finance industry, trends are broken up into three subsectors: commerce and industry, professional practice and the public sector.
In commerce and industry, New South Wales has the highest demand, with no shortage of jobs, both temporary and permanent.
Financial analysts, commercial analysts, system business analysts, management accountants, financial accountants, finance managers and cost accountants are some of the roles that have steady demand quarter-on-quarter.
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Meanwhile professional practice remains candidate-short, with firms continuously demanding intermediate to senior level accountants as they organically grow.
The report blames a combination of more accountants moving into commerce, a lack of in-depth Australian taxation experience and the changing nature of the role as the cause of the ongoing shortage.
Hotspots of demand include external auditors, business services accountants, tax accountants and candidates with client-facing skills.
The public sector is, as always, buoyant in Canberra with the focus on temporary assignments, both in Canberra and other states.
Specific roles in demand include payrollers, accounts receivable, accounts payable, finance managers and business analysts.
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