Despite these challenges, more than half the CFOs surveyed expect to add new finance and accounting professionals to their teams this year.
The 2015 Robert Half Salary Guide, which gathered data from 200 CFOs across the country, found the main reason for increasing headcount to be for new projects and investing in domestic companies.
“CFO hiring intentions are highest in the non-mining states of Victoria and New South Wales, with two thirds of business leaders planning to grow their teams in the coming 12 months. In Queensland and Western Australia hiring intentions are slightly lower at 42% and 44% respectively,” Andrew Brushfield, Robert Half Director said.
Results also indicated that the majority of CFOs (94%) find it challenging to source appropriate talent for their organisation.
“Retaining top staff is also an issue, and about 89% are concerned about losing their top employees,” Mr Brushfield said.
“Our research shows that skills shortage and retention continues to weigh heavily on management time and plays a key role in strategic planning.
“The demand for highly skilled individuals is further evident with close to one-third of those surveyed reporting a lack of niche technical experts in the market place,” Mr Brushfield said.
“The skills shortage for high calibre talent is having a noticeable impact on remuneration. When we spoke to hiring managers recruiting for finance and accounting positions, we found that more than two thirds are willing to negotiate salary with top candidates than they were in previous years.
“Highly skilled individuals can negotiate salaries as firms seek out the best talent. Organisations also need to think of creative ways to retain them for the long term,” Mr Brushfield concluded.
Want to gain unique insights into the latest average salaries across a number of sectors, anticipated year on year increases and other trends in Australia’s current hiring environment? Download the 2015 Robert Half Salary Guide today.
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