Salaries for specialist finance staff are forecast to rise by up to 4% in 2016 as senior managers face significant challenges in managing the workload of their teams, according to recruitment firm Robert Half UK. The regulatory environment continues to create day-to-day challenges, including finding and retaining professionals with the right skills to cope with the extra workload. As many as 58% of CFOs and FDs surveyed claim to have lost a good employee to another company, specifically to those offering higher remuneration. What’s more 26% of finance leaders believe sourcing and recruiting skilled financial talent will be one of the concerns in the year ahead.
Phil Sheridan, managing director at the firm said:
‘Increased legislative compliance requirements combined with growth goals is feeding the demand for talented, highly skilled professionals. However, with the growing war for talent, retaining professionals with the right skills to cope with the extra workload will prove challenging and will add to the day-to-day pressures that CFOs and FDs face. Companies will do well to consider hiring interim professionals to help ease the pressure on their finance teams. This will also minimise the risk of top talent leaving, as will proactively benchmarking salaries.’