In Pursuit of Profit
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What are we hearing from candidates?
"What Layoffs?": This is more of what we're not hearing from candidates. In a time of significant layoffs in the region we'd expected to hear from a high number of people who have been let go actively seeking a job. This time around, however, it seems most of the accounting/finance teams were spared.
What are we hearing from clients?
"We Get It": "It's a tough hiring market, we can wait" and "If I have to pay more to find the right person, I will" are a couple of the sentiments we're hearing much more from clients compared to this time last year. This is likely a function of multiple years of wage growth and lack of supply of candidates trickling down into the expectations of decision makers.
What am I feeling about the hiring market?
History repeating itself: An article in the Wall Street Journal on December 28, 2022 titled Why So Many Accountants Are Quitting brought to light a trend that is giving me déjà vu. In an article from 2019, our President, Alex de Soto, details the steep decline of accounting majors in the 10-year period ending in 2008. After a period of prosperity starting in 2010, accounting majors peaked in 2018 but have dramatically fallen since then. On top of this troubling trend, The WSJ article details why even accounting majors might not want to work in accounting anymore. All the more reason to be very deliberate in how you approach hiring in accounting/finance.
ASP Hiring Statistics
41 - Days to Place (avg.)
$140,700 - 2022 Avg. Placed Controller Salary
43% - Percent of Diversity Hires
81% - percent of time we get interviews for our clients
Staff Accountant - Multi-location storage business- Kitsap peninsula
Controller - Large, regional retailer - Vancouver, WA
FP&A Manager - Large agricultural manufacturer - Eastern Washington
Director of Finance - Healthcare services organization – Portland