3 Hiring Challenges in Finance and Accounting

3 Hiring Challenges in Finance and Accounting3 Hiring Challenges in Finance and Accounting3 Hiring Challenges in Finance and AccountingHaving a difficult time staffing a position? Youre not alone. Find out 3 reasons hiring is so complex today - and strategies to overcome each1. TALENT IS IN SHORT SUPPLY65% of CFOs say its challenging to find skilled candidates for professional-level positions today.Source survey of mora than 2,200 U.S. CFOs2. COMPETITION IS INTENSE5.8 million jobs were open in December 2017, compared to 3.7 million job openings in December 2013.And low unemployment means fewer available workers.57% increase in job openings from 2013Unemployment rates are even lower for skilled accounting and finance professionals4.1% National Average Unemployment2.0% Bookkeeping, Accounting Auditing Clerks1.8% Accountants Auditors1.0% Financial Managers0.8% Financial AnalystsSource U.S. Bureau of Labor Statistics, Q4 2017.3. THE HIRING PROCESS ISNT WORKING81% of small or midsize b usinesses have made a hiring mistake65% of SMBs reported problems with their hiring process49% say hiring managers underestimate the complexity of the hiring processIt takes 17 weeks to replace a bad hire.Source Robert Halfs Small and Midsize Business Hiring surveyCOMPARE HIRING SOLUTIONSSee the benefits of working with specialized staffing firm vs. hiring job seekers from online job boards.Online Job BoardsRobert HalfBenefitsXXMaintain a large database of professionals at all levels ofexperience and training.XGive you access to PASSIVE CANDIDATES experienced pros who arent actively looking yet, but might leave their jobs for yourposition.XHelp you set an appropriate salary range for your open positionin the current marketXConduct candidate interviews.XAssess job seekers soft skills the qualities that are essential ina good hire but are not listed on a resume.XProvide skills-tested candidates upon request.XNegotiate the offer.