Navigating the Complexities of Finance and Accounting Hiring: Key Considerations for Success

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Companies face a growing challenge: securing the best talent in today’s finance industry. A recent survey from the Corporate Finance Institute reveals that 65% of companies experience difficulty in hiring skilled finance professionals. Suddenly, this makes partnering with the right finance and accounting recruiters more essential than ever.



Here’s a guide to help you steer through the intricacies of finance hiring and achieve the best results.


Understanding the Current Hiring Climate



The finance industry and finance departments face a unique set of hiring challenges. Rapidly changing regulatory frameworks, technological advances, and the ever-growing importance of data analytics mean that finance professionals need a versatile set of skills. And it’s not just about finding someone who ticks all the boxes on paper; companies need individuals who fit seamlessly into their culture.



  • Tight Labor Market: The unemployment rate for finance professionals remains significantly below the national average. This indicates a tight labor market where top talent gets snatched up quickly. It underscores the value of having proficient finance and accounting recruiters in your corner.
  • Rising Salaries: With demand outpacing supply, finance professionals often command higher salaries. Accordingly, businesses need to offer competitive compensation packages or risk losing out on the best talent.


Key Considerations to Succeed in Finance and Accounting Hiring


Importance of Culture Fit


While skills and experience remain paramount, the significance of cultural fit in finance hiring doesn’t have to be understated. A mismatch in values or work style leads to decreased productivity, conflicts, and high turnover rates. Here’s how accounting and finance recruiting firms emphasize this:


  • Deep-Dive Interviews: Instead of relying solely on resumes, recruiting firms conduct in-depth interviews to gauge a candidate’s values, motivations, and interpersonal skills.
  • Client-Candidate Alignment: Finance and accounting recruiters spend time understanding the client’s company culture. They then match candidates who align with these values, ensuring a harmonious fit.

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Embracing Technological Changes


The digital era brings revolutionary changes to the finance sector. Artificial Intelligence, data analytics, and blockchain technologies now play vital roles in the industry. Therefore, companies need professionals who understand and leverage these tools effectively.

  • Advanced Skill Sets: Finance professionals need to possess more than just traditional accounting skills. Certainly, familiarity with digital tools and a mindset for continuous learning become essential.
  • Training and Development: Instead of searching endlessly for the perfect candidate, some companies choose to hire promising talent and invest in their training. Partnering with a competent accounting and finance recruiting and consulting firm helps identify such potential stars.


Flexibility in Hiring Models



In response to the evolving needs of businesses, flexible hiring models have emerged. Contract-to-hire, temporary placements, and consultant roles offer solutions that cater to various company requirements.


  • Try Before You Buy: Contract-to-hire positions allow companies to assess a candidate’s performance and fit before committing to a permanent position.
  • Project-Based Roles: For short-term projects or busy seasons, temporary placements or consultants offer expertise without long-term commitments.


The Power of Referrals


Never underestimate the value of a good referral. Finance professionals often have expansive networks and tapping into these yields excellent results.


Accounting and finance recruiting firms maintain vast networks of candidates, offering an added advantage in the hunt for the best talent.


The complexities of finance hiring needs a strategic approach. By understanding the current landscape, emphasizing culture fit, embracing technology, considering flexible hiring models, and leveraging the power of referrals, companies position themselves for success. Partnering with expert finance and accounting recruiters provides a competitive edge, ensuring that businesses secure the talent they need to thrive in this dynamic industry.


Are you looking for the right partner? Schedule a call with us!


About Phaxis

Founded in 2002, Phaxis is now one of the country’s leading recruitment firms. Specializing in
healthcare, information technology, accounting, financial services recruitment, office support, legal, HR, and marketing, Phaxis partners with highly qualified talent and top employers to create rewarding
career opportunities that result in long-term success for candidates and employers. Visit us at

Drew Anson

Chief Delivery Officer

Drew Anson is Chief Delivery Officer at Phaxis, a Workforce Solutions Company based in New York.

In this role, Drew leads the delivery and recruiting working closely with the leadership team to define a model that is efficient at supporting the firm’s current needs and is scalable for future growth.

Drew is a seasoned executive with more than 13 years of Services & Recruitment experience. In that time, he has supported numerous Fortune 100/500/1000 organizations across industries by providing global workforce solutions, namely resources and thought leadership for large-scale projects, implementations, and managed services.

Prior to joining Phaxis predecessor firm Park Hudson in 2021, Drew spent three years at engineering technology and talent solutions firm, Collabera, as Director of Sales in North Carolina. Earlier in his career, he spent nearly eight years at Insight Global, most recently as Sales Manager of the Columbus, OH office.

He holds a degree from Central Michigan University in Sales & Marketing.

Favorite Book:   Extreme Ownership – Jocko Willink & Leif Babin
Favorite Team:   Michigan Wolverines
Inspirational Quote:  “There is no substitute for hard work.”  – Thomas A. Edison