- Employers are increasingly cautious with spending and highly selective during the recruitment process, prioritizing the best fit possible and often rejecting high salary demands.
- Tough economic conditions mean candidates require substantial incentives to move, with many waiting for the right opportunity amid concerns over job stability.
- Offering competitive compensation, leveraging recruiters for efficiency and investing in retention strategies is essential for businesses in this sector
- A modest increase in compensation across the board for more junior roles, while executive positions have seen moderate declines in salaries, averaging between 5% to 15%
In today’s competitive economic landscape, companies are adopting a strategic approach to hiring, focusing on precise fits and more conscious spending. Amid challenging market conditions, organizations are increasingly cautious with their recruitment efforts, prioritizing candidates who align most closely with their needs and come to the table with reasonable salary expectations.
Employers in this sector are navigating a nuanced employment environment where, while they appear to have the advantage, job stability concerns drive candidates to seek substantial incentives before making career moves. It’s wise for companies to prioritize employee satisfaction and invest in retention strategies to keep their team engaged and productive.
Regarding compensation, recent trends in salary adjustments reflect a cautious optimism in the current job market. While executive positions have seen moderate declines in salaries, averaging between 5% to 15%, junior roles have experienced modest salary increases across the board, especially at the lower end of the pay scale. In sectors like audit and tax, there have been notable shifts, with tax roles seeing salary bumps of 5% to 10%, highlighting targeted adjustments in response to evolving market demands.
As businesses adapt to these dynamics, strategic hiring and retention strategies will remain pivotal in navigating the evolving employment landscape.
Download a full copy of the 2024/25 accounting + finance salary guide here.
About the 2024/25 Salary Guide
This guide was created to serve as a practical resource for employers as well as accounting and finance professionals in the Greater Vancouver market.
The salary information displayed is based on a wide variety of placements made by Impact’s team, specializing in accounting and finance recruitment, over a twelve-month period.
This team’s vast knowledge of the local market allows them to share up-to-date information on trends and compensation for accounting and finance professionals working in both industry and public practice roles.
About Impact Recruitment
Impact Recruitment is a forward-thinking agency, driven by the desire to create viable opportunities for professionals and guide the growth of organizations.
Our experience, expertise and depth of industry knowledge are unparalleled in the recruitment space, and we’ve built our business by creating meaningful connections that become sustainable, long-term relationships founded in trust and mutual success.
A dedicated point of contact, an unsurpassed understanding of your field and our Certified Candidate® System, the most comprehensive employer-candidate matching system on the market today, combine to make us the ideal partner as you navigate an ever-changing hiring landscape.
For media inquiries, please contact:
David Cook
Vice President of Marketing
Impact Recruitment | AmbiMi
dcook@impactrecruitment.ca