Recruiting Market Report - July 2023

Find out what we are hearing from candidates and clients and get our predictions for the future of the hiring market in the July 2023 edition of The ASP Team Market Report:

Quinn Finnigan - Recruiting Services Leader

Joss Stokke - Recruiting Practice Leader

What are we hearing from candidates?
“I want a role where I am valued, heard, and enjoy the people I work with.” 
With the candidate market for accountants continuing to be tight and in the aftermath of the great resignation, if candidates aren’t feeling the love, they are open to new opportunities. They want to be respected and thought of as impactful to the business meeting its goals versus just the bean counters in the corner.  Being in an environment that lines up with their values and has a positive culture is important to them, as is having accessible leaders who show they care.

What are we hearing from clients?
"I don’t understand why they left." 
Clients have expressed their accounting personnel didn’t seem dissatisfied prior to putting in their notice. Although everything wasn’t a bed of roses, they were surprised to hear they were leaving as they didn’t realize any existing problems had gotten to the point where they were looking to leave. Having regular check-ins with your staff to know what might be of concern to them and how you could potentially assist is important. Continuous two-way informal communication helps to keep a pulse on how someone is feeling and gives an opportunity to address it. Don’t save feedback and communication for a review. Also, what’s on a review should be of no surprise to anyone if regular check-ins are occurring. 

What am I feeling about the hiring market?
The demand for accounting and finance roles continues to be strong. As a result, companies seem to be open to outside of the box candidates. This includes candidates with the ability to learn and develop in a role versus a needle in the haystack candidate who has already been there and done that and can hit the ground running. Employers seem more lenient on experience as candidates with great aptitude are becoming more compelling. As such, companies seem more open to placing people in accounting roles that did not major in accounting but learned it through experience. Additionally, employers are targeting older candidates more often as well. A new report from Bain & Co. indicates that older employees (55+) will account for 25% of the jobs in 2031, totaling nearly 150 million roles shifting from younger to older employees. Gen Z workers, on the other hand, will only make up 13% of the workforce. It is worth noting that those aged 60+ cite interesting work followed by flexibility as their top job priorities, not pay. 

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ASP Hiring Statistics - 2023
40 - Days to Place (avg.)
$164,576 - Avg. Placed Controller Salary
27% - Percent of Diversity Hires
89% - Percent of time we get interviews for our clients

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Recent Placements
Director of Finance - Healthcare - Tacoma
Accounting Manager - Manufacturing - Portland
VP of Finance - Healthcare - Seattle

View Our Current Openings

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Top Candidates
Take a look at some examples of accounting and finance candidates we are working with currently.

View our Top Candidates