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Research finds strong job prospects for finance, IT and accounting

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Financial services senior executives plan to increase or maintain staffing levels in the next six months, new research has found.

Recruitment firm Robert Half UK, which produced the forecast, has also predicted strong job prospects for professionals in IT and accountancy.

In financial services, 90% of senior executives polled were confident in their company’s growth prospects compared with 75% this time last year. The research found 41% were planning to recruit new professional-level staff in the first half of 2014, and a further 53% were looking to maintain current levels.

The main reasons driving recruitment were new projects (chosen by 63% of executives), new market penetration (61%) and product or service expansion (34%).

More than a quarter (27%) of leaders planned to add new IT positions to their workforce in the first half of 2014, with 63% were looking to fill vacated positions. 

Redundancies were also predicted to drop – only 3% of IT exdcutives planned to reduce headcount compared with 9% in the first half in 2013. 

Again, new projects were the top driver of IT recruitment, chosen by 54% of IT executives, followed by product or service expansion (46%) and IT risk and security (39%). 

Robert Half predicted accounting and finance hiring will also rise; 36% of CFOs indicated the would create new roles and 55% said they would fill vacant positions. 

Robert Half UK managing director Phil Sheridan said demand outweighs supply in certain areas and the most sought-after candidates often received multiple offers.

“There has been a re-emergence of individuals accepting last-minute counteroffers as employers try to retain talent, especially given the risk to projects as well as the cost of replacement hires,” he said.