“Demand For Taxation Professionals And Financial Controllers Will Increase In 2014”

Interview Of The Day: “Demand For Taxation Professionals And Financial Controllers Will Increase In 2014”

Nicolas Dumoulin, regional director, Michael Page India, shares the job outlook for the Finance discipline.

How is the Indian recruitment market for the Finance discipline? 

The Indian recruitment market is a challenging yet highly promising environment. The Finance jobseeker market is fairly active and many jobseekers are always exploring opportunities, however they can be somewhat indecisive and often require coaching during transitions. On the client side, the market is saturated with low fees and volume-focused competitors that have reduced client trust in consulting companies because of poor quality, especially at the mid level. During the year, we have seen that clients have been hesitant in closing positions because of the uncertainty in the market and have also been highly focused on the cost of recruiting. This has resulted in a lot of positions taking longer to be filled. The positions that were in high demand during 2013 are in the area of tax and internal audit. 

How was the recruitment market activity for the Finance discipline throughout 2013? 

Recruitment market activity within Finance has fluctuated during the year. We saw a slowdown in recruitment from August to September 2013, mostly due to the fact that companies were reviewing their budget/headcount for 2014 and postponed all non-critical recruitment. Nevertheless, the Michael Page Finance team has seen an increase in the number of mandates outsourced mainly because of new client development by our teams in Mumbai and Delhi. 

What are the expectations for recruitment market activity in India for the Finance discipline in 2014 – the key themes or trends that are emerging? 

We expect 2014 to be the next step in the growth of Michael Page Finance. With the world economy growing again, we expect more and more international players coming into the market and looking for a reliable partner to work with for their recruitment needs. We expect that we will be leveraging our growth on our current international client base. In addition, we also see an increase in demand for a more specialised approach of recruitment based on financial profiles, due to the growing complexity of the finance function at the middle and senior level. With 20 specialised consultants in our finance team, we are in a very strong position to benefit from this market trend. 

Hot jobs in Finance in 2014:

For 2014, we will see an increase in the demand for professionals who are specialists in the field of taxation, as the focus of the government to increase tax income will force companies to have stronger tax department relationships in place. In addition, we foresee a growing demand for financial controllers, because market sentiment has improved for foreign companies entering and up scaling their business in India. The main drivers for this are the recovering developed economies. 

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