2016 HIRING AND COMPENSATION TRENDS Finance and Accounting Gena Griffin Regional Manager, Robert Half
Sources of Information
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Thousands of full-time, temporary and project placements made by our offices throughout the year
Local insight from our recruiting and staffing experts
Exclusive research we conduct among CFOs, senior managers and employees
A review of actual starting salaries in 2015
An extrapolation of current trends into 2016
Trends Examined
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The hiring environment
Public accounting
Financial services
Local trends
Succession planning
The Hiring Environment
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The Hiring Environment
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Higher salaries: 4 per cent average increase
Recruiting incentives
Turnover rising
Entry-level upswing
Interim professionals filling gaps
The Hiring Environment
What employers seek:
Functional skills Professional credentials Collaborative personalities 6
The Hiring Environment Hot Jobs Accounting manager Business analyst Business systems analyst Compliance officer Financial analyst
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Information technology auditor Internal auditor
Payroll professional Senior accountant Staff accountant
The Hiring Environment CFOs were asked, “In general, what would you say is the single greatest pressure facing your accounting and finance function?�
Keeping pace with changing technology
58%
Meeting regulatory compliance mandates
19%
Harnessing/managing big data
19%
Other
4%
Source: Robert Half survey of more than 270 Canadian CFOs.
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The Hiring Environment
Help wanted Companies need individuals proficient with: • Enterprise resource planning (ERP) systems • Integrated financial reporting systems • Cloud computing platforms • Information security and data-mining tools • Systems conversion projects
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Public Accounting Trends
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Public Accounting Trends
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Partner-level retirements
Hiring at all levels
Audit, tax, risk, compliance, and mergers and acquisitions
Public accounting vs. corporate accounting
Compensation increases, sign-on bonuses and greater flexibility
Financial Services Trends
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Financial Services Trends
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Business growth and regulatory demands driving hiring
Risk, compliance and internal audit in demand
Expertise needed: AML, KYC, FINRA, CCAR, DoddFrank
Hiring in commercial banking, investment banking
Financial Services Trends Compensation Trends
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Salaries are rising
Sign-on bonuses, merit raises and performance-based bonuses
Focus on retention
Local Trends
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Local Trends Growing industries
Positions in demand
Region-specific insights on positions in demand and growing industries are available at roberthalf.ca/salary-centre.
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Boomer Retirements Underscore Succession Needs
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4 Ways to Smooth the Transition
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2. 3. 4.
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Allow phased retirement options. Focus on all levels. Groom high-potentials. Keep an open mind.
The Industry’s Leading Resource Salary and hiring research
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