2024 Reflection and 2025 Focus
Tricia Scalzo
Trusted Executive Recruiter - Accounting & Finance. Finding talent to help companies effectively manage revenue and expenses to impact the bottom line.
As the year ends, it is time to reflect on 2024 and look ahead to 2025. This year has flown by!
In 2024, we dealt with economic uncertainty, global unrest, and a presidential election which impacted hiring trends and layoffs. Below is a snapshot of key insights from the job market and recruitment landscape.
Job Market
The job market is often described as either company-driven or employee-driven, much like a buyer’s or seller’s real estate market. However, today’s job market is best characterized as an individual’s market. Companies are prioritizing skills that meet immediate needs, while employees are forced to focus on roles where they can deliver quick impact. This transactional dynamic emphasizes short-term alignment and specific expertise.
Technology Trends
ERP Systems: Many accounting and finance professionals find themselves bogged down by inefficient ERP systems, often resorting to manual workarounds, and relying on key individuals to manage complex processes. As 2025 approaches, companies face a pivotal decision whether to invest in an ERP system upgrade, bring in experienced software consultants to troubleshoot, or continue the same inefficient path.
Artificial Intelligence (AI): AI continues to dominate discussions, though implementation remains limited. Employees are experimenting with AI tools individually, but companies are struggling to establish structured usage and clear guidelines. The goal for 2025 should be to explore AI’s potential across various functions, coupled with comprehensive education and the creation of boundaries to guide its use effectively.
Workplace Dynamics
Communication: Effective communication has always been essential, but it has taken on heightened importance in recent years. Employees want transparency about the company’s direction, departmental priorities, and their individual roles. Effective communication practices contribute directly to a positive workplace culture and employee engagement.
Flexibility: Post-pandemic, flexibility remains a top concern. The debate over in-office, hybrid, and remote work persists, with significant implications for recruitment, talent retention, and employee satisfaction. Companies that embrace flexible arrangements often find themselves better positioned to attract and retain top talent. This issue will remain front and center in 2025.
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Compensation Trends
Compensation structures in 2024 have stabilized, but some changes are notable:
Looking Ahead to 2025
There are signs of optimism for 2025. In the San Francisco Bay Area, accounting and finance job openings have been steadily increasing since November. Additionally, the first one hundred days of the new presidential administration are likely to bring more clarity, enabling companies to make informed decisions about talent.
How BayWorks Recruiting Can Support You in 2025
Recruiting Services BayWorks Recruiting specializes in accounting and finance manager/executive placements within the San Francisco Bay Area. Our mission is to create meaningful, win-win hiring solutions while building lasting relationships with our clients and candidates.
Job Search Coaching For job seekers, BayWorks Recruiting offers personalized coaching to help navigate the job market. Whether you are just starting your search or encountering challenges, our tailored guidance can help you move forward with confidence.
All the best for 2025! We look forward to partnering with you!
#2025 #recruitment #bayarea
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