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HomeStaffing HiringDemand for finance and accounting jobs rise as salaries improve: Randstad

Demand for finance and accounting jobs rise as salaries improve: Randstad

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September 23, 2022

Salaries in finance and accounting professions are rising, resulting in elevated demand for roles akin to monetary analysts, employees accountants, accounting managers, controllers and payroll coordinators/clerks, in accordance with Randstad’s 2023 Finance & Accounting Wage Information.

The report additionally discovered that demand for these roles is most acute in California, Texas, New York, Florida, Illinois, North Carolina, Ohio and Georgia. It additionally famous a excessive regional variance total between common salaries for finance and accounting professionals. 

Regionally, professionals employed in San Francisco and Los Angeles have the best salaries at 64.8% and 57.6% above the nationwide common respectively. Alternatively, professionals employed in Little Rock, Arkansas, and Kansas Metropolis had the bottom salaries at 8.0% and 6.1% under the nationwide common respectively.

“Immediately’s labor market could also be in flux, however we all know that high-skilled professionals in specialised finance and accounting positions will at all times be in demand by corporations in all industries, regardless of the financial context,” mentioned Dominic Levesque, president of Tatum and Randstad Workplace Professionals. “In a market like this, although, it’s extra vital than ever for corporations to leverage information of their decision-making processes and anchor their wage choices within the total market whilst they take into account different advantages to draw high expertise.”

Different findings:

  • Employers ought to pay extra to amass and retain high expertise amid increased value of residing bills and inflation.
  • There have been 300,000 job postings listed for accountants this previous yr. 
  • An expanded CPA examination in 2024 will trigger a shift available in the market, for which corporations should put together — by strengthening their bench of entry-level accountants and investing in upskilling for current staff. 
  • Firms ought to guarantee their expertise is ready to work alongside AI and machine studying. 
  • Drawing out the hiring course of looking for the “excellent” rent runs the danger of employers shedding high expertise — even when providing aggressive salaries.

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