Quarterly Market Update

Quarterly Market Update April - June 2017

At Moir Group, we look forward to partnering with you and we are very much here to support you in managing your career.



Read More

Market Overview

Further to my comments at the start of the calendar year and at the last quarterly market update, the employment outlook remains strong. We expect this to continue for the second half of this year.

Moir Group has just had its 10th anniversary. I established the business in mid-2007, two months before the GFC hit. Those early days taught me the importance of being flexible and nimble and to try new things. That approach has continued through to the current day and has played a big part in how the Moir Group business has evolved.

On this theme, I am delighted to announce we are about to launch a new online Learning Portal for all the candidates we partner with. Our goal with the Learning Portal is to give you the tools to enable you to take control of your career. There is a confidence and a clear sense of purpose that comes with knowing what makes you excellent and then communicating this effectively. I will be sending more information on this to you shortly.

I am always very happy to hear from and speak with anyone directly. I can be contacted on 02 9262 4836 or email stephenmoir@moirgroup.com.au





Please use the left or right arrows for our more detailed market reports.

Market Overview

$200k+ CFO's, Finance Directors, Head of Finance & Financial Controllers

  • The senior end of the market has continued to improve following the upturn at the end of Quarter One.
  • We see that CFO’s continue to be expected to undertake more strategic and business partnering responsibilities.
  • This has resulted in greater emphasis on technical accounting competence. Those that report to the CFO often have responsibility for both Financial Control and Financial Planning & Analysis.
  • Sectors we have seen demand in during Quarter 2 included Professional Services, Technology, NFP and Education. This includes ASX listed and smaller SME businesses as well as Private Equity.
  • Over the coming months we expect demand at the senior end of the market to remain consistent. We remain very positive about the outlook for the rest of the year.

Market Overview

$120k -170k Mid-Level Accountants

  • Overall the market has remained positive, with a lot of activity around mid-level roles in Quarter 2.
  • April was a little quieter than May and June due to Easter and school holidays, but the market picked up again rapidly.
  • We saw a strong demand for Finance Managers/Financial Controllers in May, these were broad, end-to end roles across financial and management accounting, compliance, tax, budgeting and forecasting.
  • We then saw these roles drop off and the focus in June shifted to Commercial/Financial Planning & Analysis roles with attention given around business partnering, excel modelling and analytics.
  • As seen in the last 12 months, clients are still looking to bolster their commercial finance abilities and bring in strong candidates with superior stakeholder management skills.
  • Industries of activity were Consumer Online, Technology, Universities, Private Education, Infrastructure, Resources and Entertainment.
  • We saw the recruitment processes running quite quickly with clients pushing for a quick turnaround, particularly in those more ‘dynamic, fast paced’ businesses such as online and technology.
  • The need to network effectively has become all the more important at this level, especially as it is an employer’s market. We certainly encourage new entrants to the markets to explore ways of tapping into “the hidden job market” via their network.
  • Giving examples of where you have added value, implemented new processes, or how you’ve influenced your senior stakeholders are some of the most common and important interview questions to be prepare for.

Market Overview

$50k -120k Part Qualified/Newly Qualified plus Operational Accounting Staff

  • Quarter 2 remained relatively steady, although lately it has been quieter at the mid-senior level; largely due to a focus on contract / interim recruitment to support companies through their busy and technically demanding year-end period.
  • There was an unexpected increase in transactional roles this quarter, including a focus on AR Officers and Credit Controllers with strong relationship building and communication skills and there has also been demand for bright and enthusiastic Graduate profiles with existing industry or internship experience in accounts/admin.
  • There has been a good mix of industry sectors recruiting including Telecommunications, Retail, Not for Profit, Education and Pharmaceutical.
  • Employers are still showing a strong preference for qualified candidates, especially those with their Australian CA or CPA qualification for senior positions.
  • As a candidate, showing longevity/loyalty and progression counts for a lot – employers want individuals who will be committed, are keen to learn and can be developed/grow with their business long-term. Individuals who have moved roles a lot or who have completed multiple contract roles are finding it challenging to secure a permanent position.
  • Looking forward, the focus for Quarter 3 will likely return to more commercial finance business partnering roles – where strong analysis and stakeholder skills are essential.
  • Signs look positive that the next few months will be our busiest of the year, both in terms of volume of candidates looking for work and companies looking to increase their headcount.

Market Overview

Employers are still showing a strong preference for qualified candidates, especially those with their Australian CA or CPA qualification for senior positions.

Employers are still showing a strong preference for qualified candidates, especially those with their Australian CA or CPA qualification for senior positions.

Contract

  • After a strong finish to Quarter 1 for the Interim Team at Moir Group, we continued to support our clients and candidates, placing record levels of candidates across April, May and June.
  • Quarter 2 saw a strong need for transactional levels roles such as Accounts Payable, Accounts Receivable, Payroll and Assistant Accountants to cover leave periods or as an extra pair of hands to support team members, during secondment and project periods.
  • For year end, the need for qualified financial accountants became apparent. At interviews, candidates are questioned on their technical capabilities and specific systems experience.
  • Interim Financial Controllers and interim CFO’s were also in demand, to help put in place processes and procedures around month end, as well as helping with re-structuring and increasing efficiencies across the finance functions.
  • One of the main trends for the quarter were the number of temporary to permanent placements across all industries and salary levels. This demonstrated the quality of our candidates and the hard work that the Moir Group Contracting Team put in to find the right contract/temporary candidate which can then become the right longer-term employee.
  • With the demand for commercially minded finance people there is a large emphasis at interviews on a candidate’s ability to communicate effectively, particularly to non-finance stakeholders. Also, to build rapport quickly and provide seamless reporting and commentary. 
  • Again, we have recruited across a diverse range of industry sectors including manufacturing, education, professional services, start-ups, telecommunications and FMCG, and government and Not for Profit clients.


Please use the left or right arrows for our more detailed market reports.

NGS (Not for Profit, Government and Services)

  • A very busy Quarter 2 for our Not for Profit, Government and Services business with a record number of roles filled since we commenced as a specialist division early 2016. 
  • Our Not for Profit clients have been seeking very commercial, qualified Business Partners to support the NDIS changes internally.  These roles have commenced as contracts and become permanent very quickly. 
  • Government roles have tended to be in Financial Analysis, however there have also been other opportunities at CFO level and some specific project and systems based roles. 
  • We have been enjoying speaking to candidates about these markets and encouraging commercial candidates to consider these opportunities.

Contract

Contract

Contract

Banking and Finance

Key points for Quarter 2, 2017

  • Quarter 1&2 has seen the return of multiple offers for the first time since GFC. Candidates are being head hunted out of contract and permanent roles as the war for talent has returned.
  • This is driven by a booming NSW economy, growth in the SME sector and some larger organisations looking to lift the calibre of staff in their teams.
  • We saw an increase in contracting recruitment as expected due to financial year end. There was also an increase in Fixed Term Contracts in the larger institutions as costs become more of a focus along with keeping permanent head count down to a miminum
  • Demand for strong leaders and managers still dominates the market. The supply is scarce as a result of all the offshoring that has occurred during the past decade
  • Hiring managers are now starting to focus on ensuring new recruits match the values of the organisation along with the individuals soft skills.  Technical skills are a given and not necessarily a point of differentation
  • The trend of candidates looking to leave the financial services sector continues, seeking opportunities to work in organisations where they feel they can genuinely contribute and a make a difference. Popular sectors include Health Care, Education and Not for Profit

Looking forward to Quarter 3, 2017

  • While it is still a competitive market we expect to continue seeing candidates move from the larger corporate firms into the SME market and those looking to change sectors
  • Retaining good employees will continue to become difficult for those companies not experiencing strong revenue growth, who are focused on cost containment. Candidates are continuing to enter the market keen to join a strong growth business.
  • Demand for finance manager and financial controller with a broad skill set will continue. Strong leadership skills and alignment to the company values will set you apart.
  • It is bonus time for certain businesses, there will be a further increase in job volume as candidates look to move on after the bonus period.
  • The attitude in hiring candidates with relevant industry experience is shifting. Companies outside of financial services are securing talented individuals from the financial services and commercial sectors with no prior specific industry experience. We have seen financial services candidates move into Ecommerce, Education (Universities), Aged Care & Technology.
  • Networking at the senior level will continue to drive senior level placements. Networking also helps candidates during an application process as it is an advantage to have an internal sponsor or recommendation


Please use the left or right arrows for our more detailed market reports.

Banking and Finance

Banking and Finance

Banking and Finance

Banking and Finance

To be alerted when we advertise a new job, please set up a "job alert" by visiting us at our website www.moirgroup.com.au

To be alerted when we advertise a new job, please set up a

Moir Learning

  • Our one on one career coaching sessions continue to very popular, especially the resume, cover letter and LinkedIn sessions. We also offer interview coaching, which includes role playing and behavioural based interview questions.
  • In addition, we offer a career planning session that is especially helpful for people who may be very happy with their resume and LinkedIn profile, but need guidance on creating a career plan and what to do next. Every session is tailored to each person and includes information handouts that you can take away with you after the coaching session.
  • In May, we completed our third quarterly CFO Networking group, which proved to be extremely popular with lots of great discussions between the group.
  • Our next one is in early August and is by invitation only so will not appear on our events page.  Please speak with our Executive recruitment team if you are a CFO who is interested in attending one of our CFO Networking groups.
  • Our candidate events continue to be very popular. Ensure you keep an eye on our website and the upcoming events page, as all our candidate events for 2017 will be listed here.
  • The next one is in September and is “Unlocking the Hidden Job Market” Research indicates that up to 70% of jobs are never advertised. This session will help give you ideas on how to ‘tap’ into this 70%.
  • If you would like to book a coaching session then please contact our Head of Learning, Angela Farmeary on 02 9262 4836 or email angelafarmeary@moirgroup.com.au. Angela can assist you with your resume and cover letter, LinkedIn profile reviews, interview preparation, how to successfully network and with overall career planning and advice 


Please use the left or right arrows for our more detailed market reports.

Moir Learning

Moir Learning

Moir Learning

Moir Learning

Community Involvement

  • We have continued our partnership with St Vincent de Paul and the Ozanam Learning Centre and our presentations on topics including “Successful Job Interviews” and “How to write a successful resume” continue to be very popular.
  • In the coming months, we will run an interview workshop for Bright Hospitality, assisting youths who have gone through Bright’s hospitality training program, prepare for upcoming job interviews.
  • We are currently in discussions with a not for profit that assists refugees and asylum seekers. Their program works with both university students and mid-career professionals, who are tertiary qualified and have extensive experience but are unable to re-connect with their careers in Australia.
  • Moir Group also continues to partner with Lou’s Place, which is the only daytime refuge for women in Sydney. It is a unique, community-based refuge for women in crisis, homeless, feeling isolated or in need of support. This has involved working onsite with their clients conducting resume and interview skills workshops. Our next workshop will be in July, at the Potts Point centre
  • For full details on our various community projects you can check out our website www.moirgroup.com.au and click on the “community involvement” tab 


Please use the left or right arrows for our more detailed market reports.

Community Involvement

Community Involvement

Community Involvement

Community Involvement

To be alerted when we advertise a new job please set up a "job alert" by visiting us at our website www.moirgroup.com.au.

If you have any questions or would like to refer a friend to us, please call Moir Group on (02) 9262 4836.

We are always keen to hear your feedback on our business and service and we are always very happy to provide career advice. If you would like to contact us please do so on 02 9262 4836 or email me directly at stephenmoir@moirgroup.com.au or follow me on twitter @Stephen_Moir.

Join our community! Like us on Facebook, follow us on Twitter or connect with us on LinkedIn to stay up to date.