Market Update

November 2016

SECTOR OVERVIEWS:  

Accountancy & Finance  

Financial Services

  • Increasing numbers of interim vacancies being placed within the sector, showing a steep increase from October.
  • Permanent vacancies below £50,000 pa remain strong with core skills covering reporting and tax.
  • Time to hire remains challenging at 6 – 8 weeks.
  • Positive signs for early 2017 as firms formulate Brexit plans.

For further information, please contact either Scott Taylor, Chris Donald or Scott Eccles.

Public Practice

  • Continued demand for professionals within practice – UK wide across Tax & Audit service lines.
  • Continues flow in the number of individuals moving from the Aberdeen market.
  • Buoyant FS Audit & FS Tax market, with some work seen moving up from London.

For further information, please contact Victoria Cameron

  Commerce and Industry  

  • Demand remains strong for commercial accountants with business insight ability.
  • Continued demands for mid-market candidates between £30 - £50,000 pa in both Glasgow and Edinburgh.
  • Transactional market remains strong in both cities with hiring plans remaining in 2017.

For further information, please contact Ross Gunn.

  International  

  • Senior Appointments has increased in the emerging market i.e. Africa and Middle East. 
  • Requirements remain specific on certain expertise i.e. expertise in growth, strategy and operation.
  • The demand for Financial Services Auditors has slowed in Channel Islands and Isle of Man.
  • Locations such as Gibraltar have taken a drastic hit on the back of Brexit.
  • Caribbean are specific in their needs and seeking Audit/Advisory profiles with developed country expertise i.e. USA and UK.
  • Western Europe Practice firms continue their growth in Transaction Services professionals with language skills i.e. German and French speakers.
  • Far East consultancy and finance firms maintain their desires for quality professionals. However, processes in decision making is proving to take longer.

For further information, please contact Ibi Kabir

IT, Digital & Change

  • Contractors willing to look at permanent roles as more clients look to outsource projects to the consultancy market.
  • Software development continues to be in high demand specifically across Java and Font/Back-end development.
  • Candidate drivers changing – very motivated by working in emerging technologies including; Cloud, Mobile, Analytics and Social.
  • The term ‘Digital Mindset’ is being used more readily in client briefs – clients looking for people that drive change, embrace new technologies and methods of working.
  • Business Change market is static, although a slight upturn in early December for contract roles is expected with a number of clients looking for January starters.

For further information, please contact Andrew Finlayson or Laura Thorburn.

Investment Management & Asset Servicing

  • Market is slow at present with business looking at head count and potential off-shoring opportunities; this is being slightly off-set by roles being relocated to Scotland from more expensive locations.
  • Brexit is having an impact as business in FS are not sure what they need to do, so hiring is not necessarily being completed on a strategic level.
  • Discussions with managers and HR would lead to believe that roles will be signed off in January 2017 in line with new yearly budgets.
  • Candidates are looking at bonus payments for 2017 with some potentially looking to leave if not at required level.
  • Signs are that payments on an operational level could be lower than over the last few years.

For further information, please contact Steven Fairlie.

Risk & Compliance

  • There has been an increased demand for candidates with asset management experience, and Financial Crime Compliance exposure.
  • Roles which relate to Financial Crime analytics and methodology are in highest demand
    • Financial Crime Compliance
    • Conduct & Regulatory experience 
    • Model governance/ Validation      
    • Methodology       
    • Assurance & Risk Reporting      
  • Skills/ Experience in Demand  
    • IT Skills; SAS, SQL and VBA
    • CASS
    • UCITS and AIFMD legislation
    • Risk Framework Modelling
    • Credit Risk Assurance  

For further information, please contact Ross Cameron.

Contact Call Centre

  • We have noticed an increase within Financial Services in Temporary Customer Service Roles (Non PPI).
  • We have also seen movement in more short term Team Leader roles.

Human Resources

  • Still seeing slow movement within Scotland at Director Level, slight increase in HR Business Partner /Manager Roles.

Office Support

  • Steady flow of movement, with pay rates having to compete with Retail in lower level administration roles.
  • Introduction of the Minimum Living Wage is not impacting on recruitment processes nor the supply/demand of staff.  

For further information, please contact Lynn Fairservice.

Supply Chain & Procurement

  • The skills gap within supply is becoming wider, exacerbated by a shortage of individuals for entry level roles.
  • 100 respondents from IGD supply chain talent attraction and training needs survey published the following results:
    • 55% in the supply chain state the increasing rate of business change is driving the biggest skills gap in their business
    • 20% of respondents have no formal talent management strategy
    • 50% are using in house recruitment teams to help source the right talent
    • 88% of respondents believe supply chain will play a more strategic role in the future, driving a need for people with different skills
    • 15% view supply chain as a ‘stepping stone’ to another department within their business  

For further information, please contact Danielle Scott.

 

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