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Finance jobs market slumps

Daniel Mather | Oct. 5, 2011
The number of UK accounting and finance vacancies fell sharply between August and September as market volatility and broader economic concerns took their toll, according to the latest data.

The number of UK accounting and finance vacancies fell sharply between August and September as market volatility and broader economic concerns took their toll, according to the latest data.

There were roughly 9 percent fewer permanent placement opportunities available to accounting and finance professionals last month compared with August, recruitment consultancy Badenoch & Clark's latest 'talent spotlight' showed this week. The month on month slump was sharper still at 13.22 percent for temporary contracts.

However, the data showed a growing demand for tax and governance experts as banking groups looked to prepare their business for the prospect of a regulatory overhaul.

"The market continues to seek out auditors who can keep companies within the prescribed framework and reduce the cost of doing business," Badenoch & Clark's researchers said.

A persistent gender imbalance, which recruiters warn employers to address and redress urgently, also emerged in the latest study. Nonetheless employee engagement remained high up the corporate agenda and a priority when it came to human resource policy-making.

"Despite the choppy nature of the economy, businesses need to ensure that they recruit smart and retain key talent to provide leadership and drive growth when markets improve," the report said.

More specific data showed auditor pay in London increased by 0.61 percent in September, while the typical finance manager saw his or her salary rise by 0.43 percent to £62,700 in the period.

 

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