Succession Planning Spurs Demand for Newly-qualified Treasurers

A survey of UK treasurer employers by recruiter Robert Walters finds that nearly two in three are focusing on recruitment of newly qualified and junior professionals.

The firm, which interviewed 68 UK firms across 15 business sectors, asked about their intentions to hire in the second half of 2014. More than half of those surveyed said that business growth or new business would have the greatest impact on hiring, twice as many as at the start of the year.

Half of actively recruiting organisations are also searching for mid-level treasury professionals with several years of experience, pushing up competition in this segment of the market. Only 4% of survey respondents were looking to downsize treasury teams over the coming months.

However, a note of caution is sounded by the threat of skills shortages. Fifty-five per cent of firms expect skills gaps to affect their ability to hire at the right level, with a further 18% of employers uncertain.

“The focus on junior hires underlines a renewed appetite for succession planning and attracting talented individuals to develop their skills in the treasury arena,” said Niamh Hourican, treasury consultant at Robert Walters UK.

“As market conditions improve, we expect more professionals to move into the growing amount of treasury roles on offer.”

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