Finance Job Market Trends of 2016
There has been a lot of talk in 2016 regarding the current job market. Many people are focusing entirely on the technology and healthcare sector, making it appear as though there isn’t much out there for other professionals. In truth, the financial job market is very strong and there are a few things to know if you’re looking for a finance job before the end of this year. Here are some of the trends to watch out for.
- Consider the generational shift in the workplace. There have never been more diverse generations in the workplace than there are today. Baby Boomers are delaying retirement while Millennials, and even those younger, are entering the profession. But there is a shift, even if it is less noticeable than in decades past. As older employees leave, it changes the balance of the industry. More senior positions will be filled by experienced Generation X employees while there are still good opportunities at the entry level for recent college graduates.
- Video will reign on both sides of the recruiting desk. One trend that employers and job seekers alike are seeking this year is the use of video for recruiting, advertising, and promotion. Video resumes are getting a lot of attention. And companies are leveraging social media to find new employees by sharing videos for their open positions. This new use of an old visual media is changing the way candidates and managers interact before the interview process begins.
- Knowledge about regulatory information is an advantage. If you are looking for the next big thing in finance, it is a good idea to hone your skills around the most recent government regulations and their application in the industry. Spend some time understanding the variety of regulatory changes that have happened in the finance arena over the years and cultivate skills that will demonstrate your knowledge. This will give you access to more opportunities.
- The hot jobs in finance require these skills. There are always skills that will be in demand from financial professionals. Some of them include:
- Auditors: Financial records, accuracy, and compliance are at the top of this list.
- Analysts: Big Data means analysts are required in all fields, not just technology.
- Tax Professionals: Enforcement of tax regulations is critical for businesses of any size.
- Advisors: Personal financial advisors help individuals make the right choices for their future.