Welcome to your quarterly update on the Commerce & Industry market, where we provide you with insights from the previous and upcoming quarters.
What were the market trends for last quarter?
One of the key trends we have noticed is a spike in growth in industries such as property, construction and healthcare, and with several companies going through mergers and acquisitions, this has created a number of exciting opportunities for candidates across a variety of disciplines such as finance, strategy, projects and change management.
What are the major skills in demand?
There is an ever-increasing demand for commercial finance individuals who have experience using data visualisation and business intelligence tools. This is due to many businesses wanting to bridge the gap between finance and analytics to offer greater insights to senior leadership so they can make better business decisions.
Also, the ability to convey complex financial data to non-finance stakeholders as well as gaining exposure to different projects, such as system implementations, is always highly regarded too.
What are the skill gap shortages?
From a technical skills perspective, having versatile experience combined with data analytics knowledge, such as Power BI, Microsoft Dynamics and Tableau, is highly sought after by a range of companies. From a softer skills perspective, being able to communicate, negotiate and influence effectively with different functions within a business is highly valuable.
What are organisations doing to attract the best talent?
Companies are now recognising that employees value different things. Great training and career development opportunities are still important, but companies are now offering different things such as flexible working arrangements, and health and well-being initiatives and opportunities to be involved in the company.
What is the outlook for the next quarter?
Companies are focusing on new growth initiatives and are investing in research and development to execute new strategies through an "omnichannel" approach with a particular focus on e-commerce.
Top roles in demand in Commerce & Industry
- Commercial Finance Analyst
- Finance Business Partner
- Financial Planning & Analysis Manager