2010: Tax employment market, so far
Tuesday, 16 February 2010
By Simon Godley
Coming into this year, I was quietly optimistic - I had a sense there was going to be more activity in the market, particularly compared to the deathly market of 2009. However, the market now seems broadly the same as the majority of last year. That said, I am writing this during half-term, and I think a lot of the market could be taking a deserved break with their children, hence not many calls being returned.
I have recently made the following observations:
* The interim tax / contract market is not good at all. Most contractors who have come to the end of a contract from late 2008 onwards to date have found it enormously difficult to find a new contract.
* The permanent market is very slow. It feels that the permanent market is slightly better than the interim market. However roles are generally appearing if a key member of the team is leaving, and the hiring manager can get the approval to replace, which in some cases is denied. Or if, by bringing a tax person in-house, will lead to a net cost reduction.
* Recruitment tends to be slightly more buoyant in very specialist areas of the market e.g. VAT / transfer pricing.
I guess generally the message is that the market is prepared to recruit for replacement for key people, but not yet at the stage of recruiting for growth. That could still be some time away.
Having said all that, the market does still 'feel' better than 2009, but not yet mended.
Coming into this year, I was quietly optimistic - I had a sense there was going to be more activity in the market, particularly compared to the deathly market of 2009. However, the market now seems broadly the same as the majority of last year. That said, I am writing this during half-term, and I think a lot of the market could be taking a deserved break with their children, hence not many calls being returned.
I have recently made the following observations:
* The interim tax / contract market is not good at all. Most contractors who have come to the end of a contract from late 2008 onwards to date have found it enormously difficult to find a new contract.
* The permanent market is very slow. It feels that the permanent market is slightly better than the interim market. However roles are generally appearing if a key member of the team is leaving, and the hiring manager can get the approval to replace, which in some cases is denied. Or if, by bringing a tax person in-house, will lead to a net cost reduction.
* Recruitment tends to be slightly more buoyant in very specialist areas of the market e.g. VAT / transfer pricing.
I guess generally the message is that the market is prepared to recruit for replacement for key people, but not yet at the stage of recruiting for growth. That could still be some time away.
Having said all that, the market does still 'feel' better than 2009, but not yet mended.
Labels: employment market, interim tax, market view
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posted by Simon Godley
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17:36
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