85% of finance managers face hiring challenges this year

Finance managers recruit for key roles in 2024, facing high demand and competition for skilled professionals

85% of finance managers face hiring challenges this year

Robert Half’s Demand for Skilled Talent report shows that finance and accounting hiring managers are actively recruiting for permanent and contract positions in the second half of 2024.

They face significant hiring challenges, with 85 percent experiencing increased competition for skilled talent. The demand is particularly high for roles requiring financial planning and analysis, financial reporting, accounts payable/receivable/bookkeeping, and budgeting and analysis skills. 

In the second half of 2024, 47 percent of finance and accounting managers plan to hire for new permanent roles, while 48 percent intend to fill vacated positions.

Additionally, 48 percent are looking to hire more contract professionals, primarily for financial planning and analysis and financial reporting areas.

The most sought-after finance and accounting professionals include accounting clerks, accounts receivable/accounts payable clerks, assistant controllers, collections/credit analysts, directors of finance, payroll administrators/coordinators, senior accountants, and senior financial analysts.

These roles are in the top 10 percent of finance and accounting positions in demand, based on thousands of job postings and Robert Half placements. 

With the June 2024 unemployment rate at 3.5 percent, finance and accounting departments are under pressure to secure skilled candidates.  

Strategic priorities for finance and accounting teams in 2024 include planning, budgeting, and forecasting processes, finance technology upgrades, data and analytics, AI implementation, and close process optimization.

 

 

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