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Jobs and applicants heading in opposite directions

Appointments

SEEK figures show accounting sector is suffering more than most.

By Josh Needs3 minute read

Job ads and job applications in the accounting sector are diverging from each other, with job vacancies rising 26 per cent this year but candidates dropping 36 per cent.

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From April to May job ads in accounting have risen 5.1 per cent while applications have fallen away by 5 per cent.

These numbers put the accounting sector ahead of the industry averages, with all job ads rising only 2.1 per cent in May and applications decreasing by 2.3 per cent.

However, the accounting industry is not unique in facing a talent drought.

Consulting and strategy had the greatest increase in job ads over the past month at 10.7 per cent while retail was second at 10.6 per cent.

Managing director of SEEK ANZ Kendra Banks said that they continued to see a record number of ads and staff shortages were proving a point of concern.

“SEEK continues to see record numbers of job ads on site, as major industries battle staff shortages and application rates remain low,” she said.

“Without the threat of impending lockdowns to dampen the outlook, this year businesses are instead preparing for winter and the second half of the year.”

Within the accounting industry, positions with the biggest rise in ads were accounts payable at 12 per cent.

Payroll officers and business services and corporate advisory staff were also highly sought, both with a 9 per cent rise in vacancies.

Since January, job ads have risen 13 per cent and have been at record levels each month in 2022.

All states and territories recorded a rise in job ads from April to May, apart from the ACT that declined slightly by 0.7 per cent.

Ms Banks said this decline might have been due to the recent election.

“Aside from the ACT, which likely saw a pause in some hiring due to the federal election, every state and territory had record levels of job ads in May,” Ms Banks said.

Victoria and Tasmania had the highest growth of 3 per cent and 2.9 per cent, while largest employer NSW only rose 2.1 per cent.

Jobs and applicants heading in opposite directions
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Josh Needs

Josh Needs

AUTHOR

Josh Needs is a journalist at Accountants Daily and SMSF Adviser, which are the leading sources of news, strategy, and educational content for professionals in the accounting and SMSF sectors.

Josh studied journalism at the University of NSW and previously wrote news, feature articles and video reviews for Unsealed 4x4, a specialist offroad motoring website. Since joining the Momentum Media Team in 2022, Josh has written for Accountants Daily and SMSF Adviser.

You can email Josh on: This email address is being protected from spambots. You need JavaScript enabled to view it.

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