2015 accounting and finance hiring and compensation trends

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© 2014 Accountemps. A Robert Half Company. An Equal Opportunity Employer M/F/D/V. All rights reserved. This material is the confidential property of Accountemps. Copying or reproducing this material is strictly prohibited. © 2014 Robert Half Management Resources. An Equal Opportunity Employer M/F/D/V. 2015 Accounting and Finance Hiring and Compensation Trends Alex Da Silva Regional Vice President

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2015 Accounting and Finance Hiring and Compensation Trends. Alex Da Silva Regional Vice President. Sources of Information. Thousands of full-time, temporary and project placements made by our offices throughout the year Local insight from our recruiting and staffing experts - PowerPoint PPT Presentation

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© 2014 Accountemps. A Robert Half Company. An Equal Opportunity Employer M/F/D/V. All rights reserved. This material is the confidential property of Accountemps. Copying or reproducing this material is strictly prohibited.© 2014 Robert Half Management Resources. An Equal Opportunity Employer M/F/D/V.

2015 Accounting and Finance Hiring and Compensation Trends

Alex Da SilvaRegional Vice President

Sources of Information

Thousands of full-time, temporary and project placements made by our offices throughout the year

Local insight from our recruiting and staffing experts

Exclusive research we conduct among CFOs, senior managers and employees

A review of actual starting salaries in 2014

An extrapolation of current trends into 2015

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Trends Examined

The hiring environment Public accounting Financial service Local trends Reasons not to make a

counteroffer

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The Hiring Environment

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The Hiring Environment

Accounting teams are expanding

Regulatory compliance mandates, baby boomer retirements are impacting hiring

Companies are adding temporary professionals

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What employers seek:

The Hiring Environment

Functional expertise

Professional credentials

Interpersonal abilities, communication and analytical skills

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Software proficiency

The Hiring Environment

Excel ERP packages SQL IBM Cognos and MicroStrategy Hyperion QuickBooks

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Hot Jobs

Accounts receivable/ payable professionals

Auditors

Business and business systems analysts

Compliance professionals

The Hiring Environment

Controllers

Cost accountants

Financial analysts

Payroll professionals

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Tough Time Finding Talent

CFOs were asked, “In general, how challenging is it for your company to find skilled candidates for professional-level positions today?”

Source: Robert Half survey of 270 Canadian CFOs. Responses do not total 100 per cent due to rounding.

Public Accounting Trends

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Public Accounting Trends

Shortage of senior and managerial talent

Audit and tax staff needed

Entry-level hiring a focus

Compensation increases, work-life balance incentives used for recruitment, retention

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Financial Services Trends

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Financial Services Trends

Regulatory demands driving hiring

Private equity and hedge fund management firms are recruiting

Investment banking hiring fueled byimproved environment and mergersand acquisitions (M&A) activity

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Salaries are rising

Sign-on bonuses and other incentives are common

Financial Services Trends

Compensation Trends

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Local Trends

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Local Trends

Sept. 2014 lowest unemployment rate in Canada since 2008 – 6.8% (StatsCan Sept 2014)

4.4% Unemployment in Alberta (StatsCan Sept 2014)

Management Occupations – 1.3% Business Finance & Administration – 2.3% Natural and Applied Sciences & Related – 1.2%

58% of Business Owners agree that hiring skilled labour has been difficult (ATB Business Beat Survey)

GDP for Alberta in 2015 projected at 3.6% (ATB Economic Outlook

Q4)

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Growing industries Positions in demand

Local Trends

?

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Region-specific insights on positions in demand and growing industries are available atroberthalf.com/salary-center.

Local Trends

Hiring times are lengthening

Upward pressure on contract consultant pay rates

Flexible staffing is the new normal

Retention of key talent is a priority

Top candidates are receiving Multiple Offers

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5 Reasons Why You Should Avoid Making a Counteroffer

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5 Reasons Why You Should Avoid Making a Counteroffer

1. It’s not a long-term solution

2. You set a bad precedent

3. Morale can suffer

4. It can be difficult to re-establish trust

5. The employee’s performance likely won’t improve

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© 2014 Accountemps. A Robert Half Company. An Equal Opportunity Employer M/F/D/V. All rights reserved. This material is the confidential property of Accountemps. Copying or reproducing this material is strictly prohibited.© 2014 Robert Half Management Resources. An Equal Opportunity Employer M/F/D/V.

2015 Accounting and Finance Hiring and Compensation Trends

Alex Da [email protected]/pub/alex-da-silva-ca