Finance Recruiting Firms
What Value Do Finance Recruiting Firms Provide?
Finance recruiters offer valuable expertise and insights into the hiring process which are critical to the success of businesses. Finance recruiting for top talent in competitive industries requires specialized knowledge, competencies, and sensibilities that most businesses do not have in-house. Matching the right finance professional to the right job entails a spectrum of human and legal nuances as well as a refined sense for aligning “cultural fit.”
Whether for permanent, contract-to-hire, or other temporary roles, finance recruiting firms are able to streamline finance and accounting recruitment efforts by expediting the vetting and onboarding process and leveraging professional relationships and networks.
How Can a Finance Recruiting Firm Address Hiring and Retention Concerns?
Finance recruiting firms have the industry knowledge to identify top talent and oversee the interviewing and hiring process for finance-related positions, which takes the workload off of internal staff. Here are the top benefits of working with an agency:
1. Streamlined Talent Acquisition
Finance recruiting firms are experienced in finding and placing quality talent faster and more efficiently than in-house recruiting. With access to a large, diverse talent pool of qualified candidates, agencies can partner with organizations to find the right candidate to fill open finance-related positions.
2. Increased Employee Retention Rates
Recruiting agencies take the time to vet and qualify skilled candidates, which increases employee retention rates with higher quality candidates. Hiring firms place job seekers with the intent of finding a great fit for both the candidate and the company, ensuring they are a good fit professionally and culturally over the long term. Agencies can also reduce the time to onboard new employees by introducing expectations early into the interview process.
3. Reduced Hiring Costs And Resources
Hiring agencies have streamlined tools and processes to identify, interview, and vet skilled talent, which helps ensure they are a good long-term fit for the matched company and reduces HR costs. Partnering with a recruiting firm frees up internal resources and allows HR focus on big-picture initiatives that drive business growth.
How Can a Finance Recruiting Firm Address Hiring and Retention Concerns?
FInance staffing agencies can also benefit businesses by staying informed on current and future skill needs. The financial industry currently faces a shortage of skilled talent to fill open positions. By 2026, the Bureau of Labor Statistics predicts that the financial services industry will add 773,800 jobs.
In its 2019 Financial Services Talent Trends report, PricewaterhouseCoopers (PwC) compiled interviews of 3,200 CEOs from finance-related fields to determine how the industry’s skills gap impacts key business objectives. 76% of respondents indicated that skill shortages are a threat to their growth prospects.
Financial organizations indicating they were “extremely concerned” about the availability of key skills most frequently indicated they were:
- Unable to innovate effectively
- Experiencing rising hiring costs
- Not meeting quality standards and/or customer experience expectations
- Missing growth targets
When asked about how they would close the skills gap, financial companies prioritized:
- Significant retraining/upskilling
- Hiring from outside of industry
- Establishing a strong pipeline direct from education
- Hiring from competitors
Top finance sector hiring agencies stay up-to-date on current and future hiring challenges to determine the best way to find skilled candidates and overcome skill-based and hiring-related hurdles to finding your next team member.
How Can a Hiring Firm Provide Advantages in a Competitive Environment?
The market for qualified job candidates in the finance industry is extremely competitive. In fact, the unemployment rate for the finance sector is 1.6% as of February 2020 — well below the national average for other industries. A robust global economy has shifted the supply-and-demand dynamics in favor of job seekers who are demanding more from employers as they navigate their employment options.
Learn More: Top Hiring Trends to Focus On in 2020
To succeed in this hyper-competitive environment, companies must understand the priorities of job candidates – especially the Millennial workforce – who are the future of the industry. Smartphones and social media have modernized the speed and nature of connecting with the Millennial workforce, having a profound impact on the finance recruiting process.
To recruit top talent for accounting and finance roles, recruiters can expand outreach to Millennial job seekers through LinkedIn and other job-related social media channels. They are able to match their particular needs with the right job opportunity and workplace culture.
When the ideal candidate and the ideal job arise, proactive recruiters are prepared to negotiate and expedite the hiring process because they already understand the key details germane to Millennials: employee compensation, health insurance benefits, retirement plans, on-site babysitting, and daycare, paid paternity leave, telecommuting options, and flexible vacation packages.
How Do I Choose the Right Finance Recruiting Firm?
Companies rely on finance and accounting recruiting firms to leverage the latest trends and priorities that motivate top job candidates. Employers to revisiting the definition of work hours and productivity to provide modern workforces increased flexibility and work/life balance.
Finance recruiting firms are able to fit talented individuals with jobs that fulfill their work/life balance demands. Quality of life concerns, however, are also closely connected to an individual’s sense of values. Modern workplaces know that diversity is critical to creating productive work environments where a spectrum experiences and perspectives result in more imaginative, innovative, and valuable work.
When people of different races, sexual preferences, and religions collaborate, a business becomes more informed and able to produce results that resonate with a global economy. Millennials consider a diverse workforce to be a core value that deeply impacts their work experience and career growth.
When choosing a finance recruiting firm to lead talent acquisition for your business, find a partner that understands the values of a modern workforce that thinks radically different than previous generations of finance workers.
Partnering with a Finance Recruiting Firm
Sparks Group is a finance recruiting firm specializing in aligning exceptional accounting and finance professionals with well-matched employers. From accounting, finance, banking, credit unions, mortgage, consumer finance, and insurance, Sparks Group is highly experienced in vetting candidates based on skill sets, cultural fit, and intelligent relationships before placing top talent at organizations across a spectrum of financial service disciplines.
Our Finance Recruiting Services
With an established track record of working with prestigious organizations in financial services, Sparks Group serves all staffing, recruiting, and talent management needs – including short-term and long-term coverage, direct-hire, contract staffing, payroll services, recruitment outsourcing, and on-site account management.
From Fortune 100 companies and the Big Four accounting firms to regional credit unions, Sparks Group builds trust with its strategic partners by fostering relationships to drive business growth. Our accounting and finance recruiters take the time to understand your business and are prepared to support your human capital needs every step of the way.
Finance positions Sparks Group helps staff:
- Budget Analyst
- Chief Financial Officer
- Cost Analyst
- Financial Analyst
- Mergers and Acquisitions
- Pricing Analyst
- Pricing Manager
- Reporting Specialist
- ROI Analyst
- Treasury Management
Hear from One of Our Partners
“I prefer Sparks Group over other vendors for many key reasons. The staff is always a pleasure to work with, and really cares about the performance of their team members. Other staffing agencies never follow up on the team members they place with us. Also, the caliber of talent placed in our group turns out to be the perfect fit, which is invaluable to us.”
– Loan Manager, National Financial Services Provider
Learn how Sparks Group can become your strategic partner for business growth and accelerate your talent acquisition process by completing the provided form. We look forward to working with you!