We are seeing the job market tighten up even further as the economy shows more consistent strength (that’s if you can forget recent fluctuations in the stock market). Along with it the labor market for skilled finance and accounting professionals builds and is becoming more competitive with companies offering higher levels of compensation in order to attract the best and brightest. At first the trend had been sweeping across the U.S. and moved into California. We see the companies located along the coast with the greater growth/need with the trend moving inward. My recommendation to my clients is to make sure that first you realize the recessionary crunch on labor is over to review your retention practices as the market tightens. By not doing so, you may lose your good talent and find yourself looking with a much higher cost. If this happens, you may want to consider interim help as you don’t want to rush a hire.
The link below is CareerBuilder’s outlook for the rest of 2016.