2025 is on the horizon, and with it comes new challenges and opportunities in finance, accounting, and ESG. In this article, we explore the trends that defined 2024 and share key takeaways to help you thrive in the year ahead.
Insight # 1. Economic uncertainty brings challenges — but adaptability unlocks opportunities
This year’s economic landscape was shaped by inflation, high interest rates, and rapid population growth. Paul Bloxham, Chief Economist for Australia, New Zealand, and Global Commodities at HSBC, highlighted Australia’s unique resilience amid global challenges, driven by strong migration figures, which exceeded 560,000 in 2024 — double earlier projections. This influx bolstered demand for housing and jobs, helping the economy avoid a recession.
“Australia’s position, while unique, allows businesses to approach uncertainty with confidence. The key is agility – understanding market forces and preparing for long-term shifts.”
Key outtake for 2025: When uncertain times present themselves, businesses need to be adaptable and flexible.
Insight # 2. Climate action isn’t just a priority — it’s an opportunity for bold leadership
ESG continued to dominate the agenda in 2024, with the Treasury Laws Amendment Bill introducing mandatory climate-related reporting for large and medium-sized companies starting in 2025. Organisations with over 500 employees, $500 million in revenue or $1 billion in assets, will need to disclose climate risks and greenhouse gas emissions. Reporting will then be phased in for smaller companies over the following years. These requirements align with International Sustainability Standards Board (ISSB) guidelines, ensuring Australian companies adhere to global best practices.
Businesses that embed sustainability into their operations will not only comply with regulations, but also create a strategic advantage. Our webinar, A Futuristic View on ESG — How to Create Long-Term Value, reinforced that aligning ESG strategies with long-term goals is essential for future-proofing organisations. Cecile Walton, Senior ESG Practitioner and Advisor, said:
“Companies that invest in understanding their Scope 3 emissions will be better positioned to lead their industries into a more sustainable future.”
Key outtake for 2025: Businesses should view sustainability as both a regulatory need and a strategic advantage. For Australia, this is a key economic opportunity, especially if the US shifts focus under the Trump administration.
Insight # 3. Leadership means planning for the future — whether on a board or in the C-suite
Professionals in finance and accounting are increasingly seeking leadership opportunities, whether through board roles or C-suite positions. Our guide, Embarking on a Board Career: 6 Essential Steps to Get You Started, outlined key strategies, including developing a personal brand, gaining governance experience, and expanding networks. As Stephen Moir, Director of Moir Group, explained:
“A board career broadens your network, offers exposure to different industries, and provides a unique opportunity to make a meaningful impact.”
Similarly, Elodie Guillaumond, CFO Retail at Ampol Australia, shared actionable advice during her webinar, Get C-Suite Ready: Strategies to Map and Elevate Your Career Path. She emphasised that leadership requires a clear career plan and open communication about aspirations, pointing out that, “58% of professionals lack a development plan with their managers, which is a missed opportunity for growth.” Elodie also shared the importance of mental health in leadership, advocating for recognising burnout signs and using mental health days.
Key outtake for 2025: In rapidly changing and difficult times, leaders must focus on their own wellbeing so they can have clarity of thought and make good decisions.
Insight # 4. Technology is transforming careers — staying relevant is essential
Artificial intelligence and robotics have profoundly reshaped industries, including finance and accounting, presenting both opportunities and challenges. Simon Corah, CEO of Growth Mantra, highlighted during our webinar, The Future of Work: AI’s Influence on Industries and Careers, that nearly 50% of global working hours could be affected by AI through automation or task augmentation. Corah emphasised that “AI, once seen as a tool, is now considered a partner and creator in many industries,” urging professionals to view this shift as an opportunity to redefine their roles.
While automation accelerates productivity, it also introduces uncertainty, with 60% of global employees expressing concerns about their job futures. Simon reinforced the importance of leaders addressing these concerns and professionals embracing upskilling to align their expertise with emerging technologies. Simon explained:
“AI isn’t just about efficiency; it’s about redefining the way we work.”
Key outtake for 2025: Leaders need to be curious and be visibly leading the way with emerging technologies. Professionals must leverage AI as both a partner and a creator to stay competitive and redefine the way they work.
Insight # 5. Talent shortages are a reality — flexibility and inclusivity are the solution
The Australian labour market continues to demonstrate resilience, as outlined in the Moir Group’s Finance, Accounting & ESG Salary Guide 2024-25. With private-sector wages growing at 4.1% annually and public sector wages at 3.8%, the demand for skilled professionals, particularly in roles such as FP&A Business Partners and Tax Treasury Accountants, remains strong. This demand is driven by tightening regulatory requirements and the growing importance of business partnering and leadership capabilities. However, a national gender pay gap of 12% highlights persistent inequalities that organisations must address to remain competitive.
In addition to these dynamics, the guide emphasises the transformative impact of technological advancements and outsourcing, reshaping roles like Shared Service Managers and Payroll Managers. As senior level hiring activity softens, adaptability and upskilling are more critical than ever. As Stephen noted:
“Organisations must go beyond competitive salaries to attract and retain talent. Building an inclusive, flexible culture is no longer optional — it’s essential.”
Professionals increasingly seek workplaces that align with their personal values and priorities, emphasising flexibility, inclusivity, and purpose-driven work environments. Businesses must innovate and create workplaces that not only meet salary expectations, but also support diverse needs and aspirations.
Key outtake for 2025: Businesses must prioritise purposeful work, inclusivity, flexibility, to attract and retain talent to meet the evolving values and needs of skilled professionals. Leaders need to be empathetic, humble and authentic.
Looking ahead to 2025
As we reflect on 2024, it’s clear that this year has been one of transformation, resilience, and innovation. At Moir Group, we believe a rewarding career is the foundation of a fulfilling life. Whether you are seeking advice, insights, or your next big opportunity, our team is here to guide you every step of the way.
Moir Group is a specialist finance, accounting and ESG recruitment company. We cover temporary and permanent roles from Assistant Accountant to CFO level. We also recruit Sustainability / ESG Manager roles to Chief Sustainability Officer roles across all industry sectors.
If you have any recruitment needs in your team on a permanent or a temporary basis, we would be delighted to assist. Contact us here.