Audit & Governance Jobs: A Shift in Demand
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The 2024 job market for audit and governance professionals has been a mixed bag. While traditional roles saw a decline, specialised skills like ESG, cyber security, and data analytics are in high demand. This shift creates both challenges and opportunities for job seekers and employers alike.
Market Overview
Economic uncertainty and political change contributed to a subdued job market in 2024. Many companies held back on hiring, leading to fewer vacancies and increased competition for available roles. This trend was particularly noticeable in Internal Audit, which saw a 10% decrease in job postings compared to 2023. However, the UK Financial sector defied the overall decline, showing a 3.37% increase in job availability despite a 14.3% year-on-year decline in the overall job market.
Key Trends
What This Means for Employers
To stay competitive, employers need to adapt to these changing dynamics:
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Advice for Job Seekers
Looking Ahead
The audit and governance job market is expected to rebound in 2025, with increased hiring activity, especially in the financial sector. By understanding the key trends and adapting their strategies, both employers and job seekers can navigate this evolving landscape successfully.
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