The accounting and finance jobs market for permanent professionals was challenging during 2015, with companies reducing their operations in Switzerland due to high employment costs and concerns over the strength of the Swiss Franc against the Euro. As commerce and industry firms focused on operational effectiveness there were sharp increases in demand for a number of professionals; controllers and cost accountants were identified as key hiring targets. We also saw continued requirements for top talent at the mid to senior level.
In Accounting & Finance international candidates will continue to be in demand in 2016. There was also a noticeable shortage of quality junior accountants with general ledger experience in the market, and larger companies headquartered in Switzerland struggled to attract technically strong group accountants with sound knowledge of IFRS and consolidations. This is an area where international candidates will continue to be in demand in 2016.
Salaries for permanent finance professionals will remain consistent but there will be little movement in 2016, despite Swiss companies having an increasing number of roles and a limited pool of professionals to fill them.
Growing demand for interim professionals
Market conditions in Switzerland created demand for interim staff in 2015. In this area a range of skills were sought after, for example, we saw a rise in requirements for interim professionals to work on ‘clean-up projects’ following company restructures as well as business-critical projects, such as change management. We expect daily rates for interim employees to increase during 2016 as a result of growing demand for these skills.
Employers also set the bar much higher for their junior finance and business support hires in 2015 and were far more selective when hiring. Many businesses moved such roles or teams to lower-cost locations in Europe, however there was still a positive demand for those candidates who could add real value to the organisation. Salaries overall will remain constant in 2016.
For more information about current Accounting & Finance salaries across the Swiss market please read our Salary Survey.
If you are looking for a job please check our current Accounting & Finance vacancies in Switzerland.