Umbrella Company Employees with financial services expertise in integrated governance, risk and compliance programmes are facing unprecedented demand for their talents as UK companies vie to source candidates with the required skills, the latest Salary Guide from Robert Half suggests.
According to the survey, the overwhelming majority of CFOs (87%) are finding it challenging to recruit suitably-qualified finance professionals. This represents a rise of 8% on the figure for the same time last year. One consequence of this struggle is that pay rates for the most sought-after skills are beginning to soar – qualified management and financial accountants have seen unprecedented percentage increases to their incomes, with pay for compliance experts increasing the most year-on-year.
CFOs have been steadily cutting headcounts over the last few years, but the environment is changing in favour of new product and service expansion and business growth more generally. This has raised the demand for professionals with strong business and communication skills who are capable of delivering demanding new augmentation strategies.
Robert Half UK’s senior managing director, Phil Sheridan, said that retention fears were now growing as companies seek to balance cash flows with the need to recognise employee efforts. He added: “Companies looking to attract the market’s most sought-after professionals are realising that pay is only one factor affecting candidates’ decisions. As workloads increase, employees aim to balance work and life commitments. Offering a comprehensive benefits package, often flexible and tailored to each employee’s preferences, is helping companies position themselves as great places to work.”