Quarterly Market Update

Quarterly Market Update October - December 2017 - January Outlook

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



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Market Overview

The last quarter in 2017 was extremely strong across all parts of the Moir Group business. This has followed through into January 2018. It is quite a bit busier than is normal at this time of year. Myself and the team at Moir Group are very positive about the employment outlook for the year ahead.

As has been the case in recent years many of the roles we are recruiting have a strong commercial focus. This is part of an ongoing shift in finance functions to a very central role in the large majority of businesses we work with. I see this as a really positive change. It means that finance careers are increasingly becoming very broad, varied and challenging.

The companies that are progressive and making the most of the fabulous opportunities that these times of change are offering are the ones making sure new hires are a very strong cultural fit. The main reason that people leave organisations remains that they are not aligned to the values and culture of a business or they do not get along with their boss. This should be absolutely central when you are deciding on joining a new organisation.    

At Moir Group we are planning a number of new initiatives through the year which we will be communicating. As always I very much appreciate your feedback.

I hope it is a good year for you and we look forward to partnering with you. 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



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Market Overview

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

  • A strong finish to the year following a quieter than expected quarter 3.
  • We worked across a range of opportunities; Head of Business Intelligence, Head of Finance, Commercial Finance Director, CFO & Head of Commercial.
  • The sector mix was diverse. Opportunities in the Healthcare, Education, Professional Services, Consumer and FMCG.
  • I expect to see the role of finance leaders to continue to evolve in 2018. Many of our roles in 2017 centred on leaders being tasked with providing the business with analytics and strategic insight. It’s more about helping the business look to and move into the future.
  • I expect 2018 to bring many potential opportunities. Finance leaders who can effectively demonstrate strong business partnering, while leveraging technologies and can adapt to ongoing change, are best suited for a successful 2018.

Market Overview

$120k -200k Mid-Level Accountants

  • Q4 saw a strong end to the year in all areas of the market compared with Q3. Roles at the mid-level of $150k-160k have continued steady and we have also seen strong improvement in the more senior $170k-$200k bracket.
  • The Financial Controller and more technically focused positions have improved slightly after a quiet period in Q3, though we saw more of demand for the Commercial & FP&A roles towards the end of Q4.
  • Right cultural fit remains a key requirement for decisions in hiring and retaining talent is a key focus for businesses as overall market confidence increases into 2018 
  • Business sentiment has certainly picked up in this last quarter and we are confident about 2018 continuing this way
  • Candidates will need to continue be pro-active at networking and also partnering with a trusted recruitment partner who understands their needs and can assist with finding the right ‘fit’ in an organisation
  • Roles have been diverse across industries including Education, Mining, Distribution, Manufacturing, Property and Media with a mix across large Corporates to SME’s

Market Overview

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

  • Q4 was a strong quarter for permanent recruitment, although the overall volume of opportunities on the market was quiet in comparison to the rest of 2017.
  • There was a good mix of opportunities from transactional level through to newly qualified and Finance Manager grade.
  • We anticipate January 2018 to remain relatively quiet with volume of roles increasing towards the end of the month and into February; typically after Australia Day and once schools go back
  • So far there has been a focus on newly qualified profiles, especially those making a first move from the chartered environment – candidates from Big 4 continue to be in high demand.
  • Employers want to see stability and progression on candidate resumes. Unfortunately, candidates who have moved around a lot through different roles are struggling to get traction and prove their long-term commitment levels in this highly competitive permanent market.
  • Industries that are continuing to see growth include medical/pharmaceutical, education, technology and IT – and offer candidates who are ambitious scope for career development.

Market Overview

Industries that are continuing to see growth include medical/pharmaceutical, education, technology and IT.

Industries that are continuing to see growth include medical/pharmaceutical, education, technology and IT.

Contract

The 2017 year ended strongly for the interim and contracting recruitment team at the Moir Group and the January period is already shaping up to be a busy month and quarter for our team.

We were active across industries including telecommunications, retail, health and pharmaceutical, professional services and media.  Many clients spent the last quarter and particularly December, strengthening their technical teams for a busy year and half year end period.  They run finance teams on a lean basis and needed extra support over this busy period. 

We also saw several senior CFO and FD interim roles where our candidates were asked to cover during a permanent recruitment process and also many on a potential temporary to permanent basis.  We have seen the interim CFO call on us to help restructure and up skill their inherited teams and put in place a strong, value add finance team to take the business into 2018.

Specialist skills in Payroll, Sales and Financial analysis, Change and Project management and Finance Transformation, were in demand last quarter and strong candidates were quickly secured by our clients, as they understand the rarity of experience and specialist skills in these areas.

We didn’t really see much of a slow down over the Christmas and January period. Many finance teams took only a short break and needed extra contracting staff to work over the holiday period.  The candidates had to be able to pick up systems and processes quickly and add value so clients chose candidates who were bright, personable, flexible and had strong communication skills and a proven ability to add value quickly.  They often needed the one candidate to be flexible and offer a mix of skills from transactional and technical to more analytical and systems skills.

Opportunities for temporary to permanent roles were strong late 2017 and this looks likely to continue into 2018. Many of our clients are upskilling and re-structuring teams so that a smaller number of high calibre finance people can work with the business and take the organisation to the next level of success.  Stakeholder management, value add and true commercial acumen are increasingly important in the roles we are recruiting no matter the level. That is, from junior transactional to CFO/FD level roles and covering all the FP and A and Analyst and Project roles in between. 

Everyone in our Contracting and Interim team are back from leave now and we are all excited for another strong year in 2018. We look forward to helping candidates secure exciting roles with forward thinking clients and especially helping those with a real ability to quickly and effectively add value to our clients and communicate well in their interim roles.



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NGS (Not for Profit, Government and Services)

Our inaugural NFP event was a great success well attended by key finance people in different areas of NFP and Services.  Our guest speaker Stephen Penny, of Good Foundations, provided expertise knowledge of this space and shared the results of his 2017 client surveys.

The education sector and government are undergoing huge transformational change and this heavily impacts on their finance teams, meaning those with exceptional stakeholder engagement thrive.

Complex business partnering roles on transformation projects.  NFP organisations are ever expanding into increasingly diverse business portfolios and key people with strong commercial experience are being sought and can offer a lot to these organisations.

Our expected slow down in December 2017 did not occur – with multiple, senior interim roles coming in just before Christmas, and a higher activity in our sector than we’ve seen on previous years.  This leads us well into Q1 2018 – with a solid number of challenging roles from Commercial Manager to Financial Analyst still on offer. 

The soft skills are always part of the picture in what our clients are looking for but additionally – any complex systems transformation exposure and technical acumen are highly sought after.

Contract

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Contract

Contract

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

Banking and Finance

  • The traditional quieter period between Christmas and Australia Day is no more, during the last 3 years we have experienced strong job volumes for contract and permanent staff
  • The trend of candidates looking to leave the financial services sector continues, seeking opportunities to work for organisations where they feel they can genuinely contribute and are more closely aligned to their values
  • Opportunities are increasing in the wealth management sector, especially in the SME sized market
  • Demand is growing to hire employees on a fixed term contract basis, especially at the more senior levels
  • Candidates need to remember what separates them from the pack, soft skills involving engagement non-finance stakeholders will continue to be in demand and the ability to provide financial insights that will better the performance of a company
  • When deciding which companies to join it is important to look at what stage they are in the business cycle, if they are experiencing strong revenue growth = people are an investment, they will offer great opportunities and progression is easier, if revenue is in decline or flat = opportunities will be limited as companies look to manage headcount costs


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Banking and Finance

Banking and Finance

Banking and Finance

Banking and Finance

Moir Learning

  • Our next quarterly CFO networking group will be on Thursday 22nd February and we are very fortunate to have guest speaker, Vanessa Bennett from Next Evolution Performance - a global high performance coaching business. Vanessa will talk about creating the right mindset to ensure you achieve your goals for 2018. Please speak with our Executive recruitment team if you are a CFO or CEO who is interested in attending one of our CFO Networking groups.
  • Our candidate events continued to be very popular in 2017. Ensure you keep an eye on our website and the upcoming events page, as all of our candidate events for 2018 will be listed here. Our next one is on Wednesday 7th March and the topic is “How to be successful at job interviews”. Full details will soon appear on the events page of our website.
  • 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. Every session is tailored to each individuals needs and includes information handouts that you can take away with you after the coaching session.


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Moir Learning

Moir Learning

Moir Learning

Moir Learning

Community Involvement

  • Our next resume and interview skills workshop at St Vincent de Paul will be in February, at the Ozanam learning centre in Woolloomooloo. This will be our 6th year partnering with Vinnies, running the workshops.
  • We also continue our partnership 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.
  • 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


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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.

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