There will be an increase in demand for skilled and experienced financial employees in the public sector, according to a new survey.
The research by specialist finance recruiter Nigel Lynn found the public sector is offering competitive salaries, noting that the pay of a
management accountant is on par with private sector counterparts.
"The public sector has succeeded in securing this talent by offering transferable skills and an attractive work life balance," commented Steve Carter, managing director of the firm.
Mr Carter also commented on the future adoption of International Financial Reporting Standards (IFRS) by the public and not-for-profit sector later in the year, claiming demand for professionals with these skills will "soar".
For organisations to carry on running successfully, they will need to recruit a
financial accountant with the ability to follow IFRS, he added.
The Financial Times has suggested that local councils will see a 33 per cent increase in fees to the audit commission when the sector shifts to using IFRS.
© Adfero Ltd