As an accounting or finance professional with the right mix of skills and experience, you’re a hot commodity. The talent shortage in the industry is making hiring harder for employers, but this demand presents an opportunity for candidates. Companies are increasing salaries and offering better benefits. Generous bonuses and greater professional development opportunities are more commonplace. Here’s a look at why, even in a job market that favors employees, working with a recruiter is more valuable than ever.
Employers are outsourcing hiring
Reviewing resumes and screening candidates is time-consuming, and the cost of making a bad hire can cost hundreds of thousands of dollars. That’s why more employers are trusting third-party recruiters to take care their hiring. The initial interviewing and screening allows hiring managers to focus on their other priorities. Hiring managers are then exposed to only the most qualified candidates.
This means many of the best positions aren’t found on a job board or a company’s careers page. These positions are often only revealed when working with a recruiter. Specifically, by working with a recruiter who specializes in the accounting and finance industry. Unless you’re working with a well-connected recruiter, you might miss out on your dream job.
Recruiters know what employers want
There are career opportunities made possible by the talent shortage, yes. But employers still spend time, attention, and resources to avoid costly hiring mistakes. While presenting yourself as the ideal candidate, you may unknowingly sabotage yourself.
A recruiter can work with you to determine which areas you excel in. A recruiter also knows how to clean up any areas that need a little polishing. They can get you feedback from interviews that you may otherwise not be privy to. This way you’ll know what the employer thinks you did well or where you fell short. This insight can be invaluable as it can help you avoid making the same mistakes in the next interview or how to adjust before you accept an offer.
Using a recruiter is a better use of your time
Most people don’t give notice at their current position until they’ve found a new job, but juggling a job search alone is time-consuming. On your own, you may be able to apply and talk to three companies a week. Working with a recruiter, you could reach ten times as many employers in the same amount of time. Since that’s their full-time job, recruiters work 40+ hours a week to get candidates hired. It will save you time and as a candidate, it costs nothing. That’s a pretty good return on investment.
Negotiate a higher salary, benefits, and perks
While we are all for initiatives that reward loyalty, unfortunately, switching jobs typically means a big boost in pay. If you’ve been with your current employer for a while, you’ve probably been receiving cost of living adjustments and promotions amounting to around three to ten percent per year. But when you switch jobs, you could be looking at a ten to 15 percent increase or more. If you’re not up-to-date on current salary ranges and bonuses, you could end up leaving money on the table. A recruiter, on the other hand, is keenly aware of the going rate for your skill set and experience and can help negotiate to make sure you’re paid what you are worth.
With the demand for talent outpacing supply, especially for experienced accounting and finance talent, candidates have a real opportunity to benefit from higher salaries and other perks. Working with a recruiter can help you take advantage of this job market by connecting you to excellent opportunities and competitive pay in far less time than it would take to conduct a job search on your own.