Recruiting. Its Personal.
increased demand for workers in the financial sector through 2014
- Estimates over the 1997 - 2006 period show annual average employment rising from 7,178,000 in 1997 to an all - time high of 8,363,000 during 2006.
- About 3 out of 10 financial managers are employed by finance and insurance establishments, such as banks, savings institutions, finance companies, credit unions, insurance carriers, and securities dealers.
- About 1 in 10 works for Federal, State, or local government.
- Employment of financial managers is expected to grow about as fast as average for all occupations through 2014.
Who Will Get The Best Jobs?
Job seekers with expertise in accounting and finance—particularly those with a master’s degree — will enjoy the best job prospects.
- Strong computer skills and knowledge of international finance are important.
- So are excellent communication skills and the ability to work on strategic planning teams.
- A good knowledge of compliance procedures is essential due to regulatory changes instituted in recent years.
Did You Know?
- Salary levels can depend on the type of industry and location.
- Many financial managers in both public and private industry receive additional compensation in the form of bonuses, which vary substantially by size of firm.
- Deferred compensation in the form of stock options is becoming more common, especially for senior - level executives.
Planning The Future Of Your Workforce
Make sure that your company is ready to meet the challenges of tomorrow:
- Build pools of prospects by job function and contact them as positions become available.
- Develop formal career plans for employees based on what motivates them to grow, xcel and contribute.
- Select people based on broader criteria than industry experience, technical competency, personality and intuition.
- Groom managers for future senior - level roles – there will be few qualified mid - managers available for promotion.
- Work toward developing a workforce consisting of full - time employees supplemented with flexible contractors and consultants.
- Hire people with the potential to quickly take on more responsibility in combination with more formal training to ensure their success.
