The public sector is increasingly in need of finance professionals, one expert has stated.
Conversion to international financial reporting standards (IFRS) this year by public and not-for-profit sectors will mean an increased demand of experienced financial experts, the latest 2008 salary survey by specialist finance recruiter Nigel Lynn has discovered.
Managing director of Nigel Lynn Steve Carter commented that it is "essential" that public sector companies recruit financiers in order to run the organisation "efficiently".
"The public sector has succeeded in securing this talent by offering transferable skills and an attractive work/life balance. With all the changes ahead with regard to the IFRS, demand for this expertise will soar," he said.
Mr Carter added that the private and public sectors are likely to compete during the recruitment process of commercial staff and both are offering similar wage packets.
Those applying for financial positions were recently warned by Yngve Traberg of ClickAJob that companies are likely to conduct credit checks.
"No financial institution could really afford not to insist on one," he said.
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