What New York City’s Summer 2016 Job Market Holds For You
With today’s job market activity on the rise in New York City, top talent has never been in higher demand. The Accounting and Finance sector is no exception, and actually, represents one of the most bustling fields for businesses and job seekers alike. In truth, the past three and a half years have seen a fall in unemployment rates, an increase in job openings, and a huge demand for the best and brightest talent to fill the newly vacant positions. Job creation is expected to continue this upward trend, calling for new ways to connect talent with opportunity.
The forecast
The financial highs and lows of the last decade leave professionals with a decidedly new terrain to traverse in their quest for the ideal position. As you may have heard, flexibility is the name of the game, and whether that means diversifying your resume or going full-out freelance, it is time to start thinking creatively about labor. This should not be taken as a word of caution, however, only a reminder that we are living in a time of new and unique possibilities opened up by digital technologies and agile staffing businesses.
Demand for Financial Analysts, Staff & Senior Accountants, Business Systems Analysts, Internal Auditors, and Controllers are expected to see a sharp increase in job creation, and command the lowest unemployment rates in the country, bottoming out at 3% and expected to hold steady for the foreseeable future. Older professionals continue to move up the corporate ladder, leaving prime staff spots for younger generations.
Challenges to keep in mind
If a job candidate comes equipped with a strong set of skills at their disposal, they can expect to eventually land a good job. The challenge comes in connecting the dots between opened positions and fresh talent. And sometimes, this task can be more difficult and time-consuming than expected. On the flip side, companies struggle to fill their growing demand for new talent, putting additional strain on hiring departments.
Recent graduates can expect a boom in their new job prospects, as top companies are always scouring university halls for the newest crop of finance and accounting specialists. However, many seasoned professionals are leaving their staff accountant jobs in favor of freelance work in the public, private, and non-profit sectors. This approach creates new and varied prospects for candidate-hunters and job-seekers alike but creates a less stable and predictable workflow for each as well. As has been the norm since the turn of the Millennium, fluidity and adaptability are the names of the game.
Author: Ben Westwood | Contact: Linked In
