Navigating the UK Facilities Management Finance Job Market
William Gray
Divisional Managager for the Boden Group Finance Recruitment Team.
The UK’s Facilities Management finance job market is experiencing a fascinating transformation. Finding the right talent and securing your dream job requires understanding the latest trends.
We’re delving into the key areas impacting financial professionals and employers in the Facilities Management sector in our brand new 2024 Facilities Management Finance Salary Guide
Skills Employers Can’t Get Enough Of:
Gone are the days of generic job applications. Employers are laser-focused on specific skillsets to optimise their operations. Here’s the Finance Skills in demand in 2024:
Technical Prowess:
Qualifications like ACCA (Association of Chartered Accountants) and industry-specific certifications are sought after. The Chartered Institute of Management Accountants (CIMA) reports a significant rise in demand for financially qualified professionals across sectors. This is particularly prominent within the Facilities Management sector.Industry Expertise:
Many employers are highlighting the need for candidates who have previous experience within the sector they operate in. Within Facilities Management, previous experience within the sector is invaluable. Candidates who understand the intricacies of Facilities Management operations provide a distinct advantage.Niche Knowledge:
Specialising in areas like commercial bidding can open doors to exciting opportunities.
The Mid-Management Gap:
The pandemic’s impact on training and development has created a gap in the mid-management tier. Companies are actively seeking experienced professionals to bridge this gap.
Salary Inflation & The Rise of Hybrid Work:
Get ready for some good news! The Facilities Management finance job market is experiencing a salary boom, with increases ranging from 8% to 14%, according to our recent Finance Salary Guide. But that’s not all! Companies are also upping their counteroffer game by a staggering 27% to retain top talent.
The traditional salary disparity between London and regional positions is shrinking. The shift to hybrid work models (embraced by over 80% of professionals surveyed) allows for a more geographically diverse talent pool. This trend is positive for those seeking opportunities outside of London’s financial district.
Employer Strategies to Secure Top Talent:
The talent shortage has spurred employers to get creative. Here’s what they’re doing:
Casting a Wider Net:
Employers are becoming more open to considering candidates with transferable skills and relevant experience, even if they don’t have the exact experience on paper.Temp Help on the Rise:
Businesses are using temporary workers more often to fill short-term needs and plug any skill gaps they might have.
Restructuring for Success:
Companies are restructuring teams to optimise workflows and attract talent seeking a better work-life balance.
Investing in You:
Employers know that people want to grow in their careers, so they’re looking for ways to help you learn and advance.
The UK finance industry is experiencing a shift. According to a report by TheCityUK, job vacancies in financial services have dipped slightly compared to pre-pandemic levels. However, this doesn’t paint the whole picture.
There’s a movement away from London, with jobseekers increasingly looking for opportunities in regional hubs like Manchester, Leeds, and Birmingham.
The Bottom Line:
The Facilities Management finance job market is brimming with possibilities. By understanding the evolving skill demands, salary trends, and employer strategies, you can position yourself for success.
This blog is just a glimpse of the valuable insights packed into our comprehensive guide.
Download your FREE copy of our Facilities Management Finance Salary Guide today and discover a wealth of data on:
- Salary trends across various finance specialisms
- In-demand skills and qualifications
- The impact of hybrid work on salaries and job seeker preferences
- Employer strategies for attracting top talent
