Demand For Financiers Set To Increase

Fri, 08 Feb 2008

Skilled and experienced financial employees are set to be heavily in demand throughout the public sector this year, a new survey has revealed.

Research by specialist finance recruiter Nigel Lynn found that competitive salaries are being offered by the public sector, with the pay of a management accountant currently level with private sector counterparts.

The firm’s managing director, Steve Carter, said: "The public sector has succeeded in securing this talent by offering transferable skills and an attractive work life balance."

Commenting on the future take-up of International Financial Reporting Standards (IFRS) by the public, Mr Carter claimed that demand for professionals with such financial skills will "soar" later in the year.

He added that organisations will need to recruit a financial accountant with the ability to follow IFRS in order to continue running successfully.

According to the Financial Times, local councils will see a 33 per cent rise in fees to the audit commission once the sector starts to implement IFRS.
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