Finance and accounting professionals have played an integral role in helping businesses navigate through the COVID crisis. From cost control, cash management to restructuring, companies are hiring experts in every field. Most employers in the financial services sector have found success with the work-from-home model and are offering flexible work arrangements as an added incentive to support and retain their employees.
Here are 4 finance and accounting hiring trends that employers should consider in their workforce strategy for the rest of 2021:
In-demand Finance & Accounting Jobs
Business analysts and senior management roles such as Finance Manager, Senior Financial Analyst etc. continue to be in high demand. Within accounting, businesses are tapping into insolvency and restructuring experts. Similarly, the demand for personal finance support has grown as Canadians have become more strategic about their savings and investments, requiring additional guidance pertaining to mortgage deferrals and other assets.
Flexible Work Arrangements
Telecommuting has become a widespread practice within the financial services sector and the plethora of remote working tools available to finance and accounting professionals makes the case for flexible work arrangements even stronger. According to PWC’s remote work survey, before COVID-19 only 29% of financial services companies had at least 60% of their workforce working from home during a week, whereas now 69% of FS companies expect to have more than half of their workforce working from home during a particular week.
Automation has gained momentum within the finance and accounting space. Employers are looking for talent that have an aptitude for technical solutions, from financial forecasting to data modeling. Apart from a formal qualification, F&A professionals demonstrate their analytical abilities, strong business acumen, interpersonal skills and a sharp understanding of industry software.
Benefits & Perks
With flexible work arrangements, companies are now allotting a suitable budget for home office setups. More than monetary support, employees are motivated by a company’s mission and values. Benefits such as more flexible schedule, paid time off, professional development assistance fairs better amongst the multigenerational workforce.