How to recruit the right finance candidate

2008 saw the financing world dramatically hit by global economics, subsequently leading to a market where employees in banking jobs chose to stay in their current roles and jobseekers opportunities were reduced with hiring volumes greatly diminishing and supply far outweighing demand.

As an employer this provides you the opportunity when recruiting for finance jobs to pick from a highly competitive and meticulous job seeking market where more than ever before the demand for highly skilled, experienced professionals is expected and needed. 2009 has been a year of recovery and whilst job volumes have stayed relatively low, the financial sector has stabilised with permanent and temporary recruitment particularly in the financial control sector. Studies have shown that in spite of the economic downturn, there is still a skills shortage so finding the right candidate can be testing. Choosing a specialist professional recruitment consultancy to fulfill your recruitment project should provide you with a solution to meet your needs.

The right recruitment consultancy will help give you a competitive edge and find the right candidate for areas covering financial control, product control, audit, systems projects, treasury, tax, compliance disciplines to name but a few. They should be able to identify a candidate that will optimise your business performance and achieve the job role required of them. They will also be able to advise you on a range of market issues including salary surveys, organisational planning, payroll, contractual matters and training support. A good recruitment consultant will be trained to understand their market fully and their clients recruitment objectives and create and deliver a personalised service.

When choosing a recruitment consultancy it is wise to find out some key information. Consider their experience, how long they have been established, what their core values, vision and mission are. What benefits they can offer you as a client?  What their recruitment solutions are and how do they generate the right candidates? Ensure that you choose one that is expert at placing accountants at all levels of business from part qualified to finance directors to ensure you are paying for a service that will greatly reward you with the candidate you deserve.

Recruitment picking up for City Firms

According to reports from recruiters, city firms have started to hire again after the trouble of recent times, although slightly cautiously.

There was an uplift in the finance job market in June that held fairly steady in July despite the slow summer trend in recruitment that usually happens every year.

Although the number of new jobs within the London financial services sector dropped overall by 7%, a two month consequent increase since June in new finance jobs in the market is positive news for finance professionals.

It is good news for the financial recruitment industry if employers are feeling more confident and starting to increase the amount of job opportunities available in the UK. As with most things during the recession it will be a slow steady increase rather than a sudden jump to how things were before.

The statistics are showing that job opportunities are appearing for most areas within the financial services industry and this is especially true at the managerial and executive level.