Market Overview
INTRODUCTION
As we end Q2 of 2021, it seems the market have seen many changes in regards to candidate availability and the level of hiring throughout each specialism. Below you will find our insights into each area.
Finance
From the end of Q1 through to now we have seen a massive increase in role requirements and a much more narrow pool of quality candidates that are applying for these opportunities. Some candidates are now deciding between 5 or 6 offers, so the requirement to sell your organization during any interview is now more important than ever.
Clients are still onboarding remotely and flexible working is now sought as the most desirable trait of a prospective role. Many clients have now finalised and promoted their flexible working policies to ensure work life balance.
Three major employers in the North West have now revealed plans to hire Finance professionals on a large scale.
Top tip…. Enhance the speed of your interview process to ensure that you secure top talent!
Our most recent hiring demands have included: Finance Business Partners, Financial Analysts, Cost Reporting Accountants, Financial Reporting Managers, Commercial Finance Analysts, Pensions Accountants and Group Finance Directors.
Pensions and Investments
This is now a candidate led market like never before. Candidates are receiving huge counter offers along with numerous external offers to choose from.
Securing top talent has become more competitive due to a lack of skilled candidates within this growing market. The majority of clients are looking for a similar background and calibre of professional.
Top tip….. Sell your company culture. Salary is important, but what else do you love about your company that would make a candidate want to join your organisation?
Key hires within this space have included Part and Fully Qualified Actuaries, Pensions Administrators, Pensions Technicians, GMP Equalisation specialists, Pension Analysts, Investment Consultants and Pensions Client Managers.
Risk and Compliance
Credit Risk, Market Risk and Asset Liability Management continue to be the largest areas of hiring within Risk. For Compliance, there is a lack of skilled candidates that are looking for new roles within the North West. Salaries are being increased and training programs offered to support employee development.
Flexible working remains a priority within this space to secure the best candidates.
Top tip… look at your current salaries to ensure that you are competitive in this market place for your current employees and future hires.
Team news
The regional team have been very busy in securing new talent this month. Brigitte joins the regional team as a researcher and we have also secured a Practice Trained Accountant to join us on the Finance desk, watch this space for more information. In addition, Ollie joins the Pensions and Investments team as a Consultant.
Other news on the team front, Victoria has been promoted to Consultant within Operations and Graduate opportunities, Chris Neal has been promoted to VP Consultant within Pensions and Investments and Rachael celebrates her four year anniversary at Bruin with a promotion to Associate Director within Finance and Risk…. What a Quarter!
Looking forward to Q3, the team predict another busy Quarter, with more hiring requirements coming through.
Should you require any assistance with your hiring on a permanent or contract basis, or if you yourself are looking to explore opportunities, please reach out to one of the team.
We would like to thank each and every one of our clients and candidates for supporting Bruin as we come out of the other side of the pandemic, there is light at the end of the tunnel.