3 Hiring Challenges in Finance and Accounting

3 Hiring Challenges in Finance and Accounting 3 Hiring Challenges in Finance and Accounting 3 Hiring Challenges in Finance and Accounting Having a difficult time staffing a position? You’re not alone. Find out 3 reasons hiring is so complex today - and strategies to overcome each 1. TALENT IS IN SHORT SUPPLY 65% of CFOs say it’s challenging to find skilled candidates for professional-level positions today. Source: survey of more than 2,200 U.S. CFOs 2. COMPETITION IS INTENSE 5.8 million jobs were open in December 2017, compared to 3.7 million job openings in December 2013. And low unemployment means fewer available workers. 57% increase in job openings from 2013 Unemployment rates are even lower for skilled accounting and finance professionals 4.1% National Average Unemployment 2.0% Bookkeeping, Accounting Auditing Clerks 1.8% Accountants Auditors 1.0% Financial Managers 0.8% Financial Analysts Source: U.S. Bureau of Labor Statistics, Q4 2017. 3. THE HIRING PROCESS ISN’T WORKING 81% of small or midsize businesses have made a hiring mistake 65% of SMBs reported problems with their hiring process 49% say hiring managers underestimate the complexity of the hiring process It takes 17 weeks to replace a bad hire. Source: Robert Half’s Small and Midsize Business Hiring survey COMPARE HIRING SOLUTIONS See the benefits of working with specialized staffing firm vs. hiring job seekers from online job boards. Online Job Boards Robert Half Benefits X X Maintain a large database of professionals at all levels of experience and training. X Give you access to PASSIVE CANDIDATES: experienced pros who aren’t actively looking yet, but might leave their jobs for your position. X Help you set an appropriate salary range for your open position in the current market X Conduct candidate interviews. X Assess job seekers’ soft skills â€" the qualities that are essential in a good hire but are not listed on a resume. X Provide skills-tested candidates upon request. X Negotiate the offer.