No more heroes

Hiring managers today face an increasingly complex set of challenges in the recruitment process, beyond the usual difficulties in identifying and attracting top talent. The job market is in a state of flux, and many accounting candidates are demonstrating apathy and a reluctance to show interest in new opportunities. This hesitancy is often driven by concerns over economic uncertainty, with many assuming that fewer companies are hiring due to budget constraints. As a result, even when opportunities are available, candidates are cautious and may not be actively seeking new roles on the open market, making it harder for hiring managers to fill positions within the timelines which they have set themselves.

Majority of UK businesses say hiring has become harder | SME Magazine (smeweb.com)

In addition to candidate reluctance, hiring managers are dealing with the growing prevalence of counter-offers, where candidates leverage new job offers to secure better terms from their current employers. This trend is particularly challenging in a market where retaining skilled finance professionals is as difficult as attracting new ones. Moreover, the demand for work-life balance and flexibility has become a significant factor, especially among Millennials and Gen Zs. These generations prioritise a work environment that aligns with their values, such as flexible hours, remote work options, and clear paths for career advancement. Gen Z, in particular, is more aggressive in pursuing these desires, making it necessary for companies to offer competitive and attractive packages that go beyond just salary (and increasingly, beyond what hiring managers accept as being reasonable and affordable).

British Recruiters Warn On Tough Hiring Market Conditions - Minutehack

The impact of the pandemic has also left a lasting mark on the job market, with many individuals having exited the workforce entirely, exacerbating the shortage of available talent. This further complicates the recruitment landscape, as hiring managers must navigate not only the challenges of finding candidates but also convincing them to re-enter the workforce. In this turbulent environment, clients are finding that utilising well-networked recruiters from Sheridan Maine who understand current trends and challenges are invaluable. Our consultants significantly reduce the time and resources spent on the recruitment process, ensuring that companies make successful investments in their staff amidst the evolving market dynamics.

Get in touch today by emailing Christian.furness@sheridanmaine.com.