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Hows the market? October 2020

Local market insight for October 2020.
October 24, 2020

Hows the market?

In what will become a regular and more detailed feature, we hope to answer "how is the market?"

Well, in October against the backdrop of a pandemic, it is complicated! Read on...


It is still a great time to recruit. Fewer open opportunities mean more choice for employers, especially those that are willing to be flexible!

But we are not flooded! Accountants know how to analyse risk and some talent has pulled back from the market. The pandemic has seen candidates reassess their appetite for risk and…

Candidates that were moving to reduce commute are no longer doing that commute. The pandemic has changed the working week, with the majority spent at home. Low fuel costs and little to no commute times have meant candidates are now waiting until they are forced back to “normal”.

Candidates that were moving for progression / a pay rise, now value the stability they have in their current job and are delaying moving.

Accountants are not often being made redundant unless their role is volume based or their industry significantly hit. This has effected the size of the talent pool.

Recruitment is proving to be more sector specific than usual, with the Tech, Ecommerce and Care industries doing well.

With video interviews and short notice periods, a flexible employer can hire quicker than ever before! A week turnaround from start to finish is not unheard of.

Video interviews are now almost universal for at least 1 stage.

If you are out of work, don't worry. There are opportunities out there and you will secure something!

 

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