How to Make Your Next Accountant Hire
Get data-driven information to help guide you through the hiring process. Then, when you’re ready, post your job to SimplyHired and reach top candidates from all across the web.
Last updated at 09-16-2020 16:06:58
More than 30,664 companies advertise 101,034 Accountant jobs on SimplyHired and its partner sites each year. After analyzing job postings and salary information from these companies, as well as direct job seeker feedback, we’ve compiled a list of insights to show you how to attract and hire your next Accountant most efficiently.
In the past quarter, we’ve seen 26,140 job posts from 11,460 employers in the United States. This is a increase of 0.1% compared to the previous quarter. On average, there are 51 Accountant job seekers for every active Accountant job, which shows that it is a job seeker's market.
Writing a Job Description
In the past quarter, Accountant, Staff Accountant, Senior Accountant, Bookkeeper, Accounts Payable Clerk, Accounting Clerk, Administrative Assistant, Accounting Manager, Full Charge Bookkeeper, and Accounts Receivable Clerk seem to be the most sought after jobs amongst the Accountant candidates in the United States. This differs from the last six quarters, where the most popular titles were: Staff Accountant, Accountant, Senior Accountant, Accounts Payable Clerk, Bookkeeper, Accounting Clerk, Administrative Assistant, Accounting Manager, Accounts Receivable Clerk, and Financial Analyst. If you use one of these currently popular titles in the job description, you'll likely be able to attract a lot more candidates to apply.
For the Accountant candidates who are actively applying to jobs in this same period, we see that 8.5% of the active Accountant candidates have less than 3 years of experience, 9.6% have between 3-5 years of experience, 21.6% have 6-10 years of experience, and 60.3% have over 10 years of experience. The average years of experience has shifted from an estimated 13.2 years to 13.0 years. If you're posting a job in today's market, expect candidates with about the same experience level to apply to your job compared to the last 2 quarters.
In the previous quarter, the most popular skills that employers are looking for include accounting, Microsoft Excel, communication skills, gaap, Microsoft Office, analysis skills, account reconciliation, Quickbooks, Microsoft Word, and accounting software. Demand for contracts, pivot tables, writing skills, English, Freshbooks, property management, debits & credits, sales, management, and Spanish has significantly increased. If you are looking for an Accountant with a similar skill set, be sure to follow industry best practices in skill requirements.
Job posts with salary information received about 1.1 as many applies as those without it. In the past quarter, less than 37.2% of the job posts displayed salary information. By adding salary information to your job posting, you could potentially increase the number of applicants by approximately 10.0%.
Example Accountant responsibilities
- Planning and organizing the budget of a business
- Testing accuracy of financial data
- Analyzing and selecting accounting method.
- Working with tax authorities to make certain all regulations are met.
- Recommending policy changes to promote growth and prevent monetary losses.
When reaching out to candidates, it’s best to understand where to look. We’ve identified hiring trends in states as well as companies regularly hiring for Accountant positions. This should provide a good place to start looking for qualified candidates. According to our data in the last quarter: California, Texas, Florida, Illinois, and New York are the states that have the highest demand for Accountants. California, Texas, Florida, New York, and Illinois are where most job seekers are searching for Accountant jobs. If we look at the Accountant to job ratio, New Mexico, Alaska, Illinois, Nebraska, and Indiana have the lowest number of Accountant applicants per job. New Hampshire, Rhode Island, West Virginia, Kentucky, and Mississippi have the most active Accountant job seekers per job.
While actively recruiting candidates for your role, you should also post your job to SimplyHired. By posting for free and paying only for the qualified applicants you want, your post will automatically go to a network of job boards to reach millions of qualified candidates. With SimplyHired, it doesn’t end with the post. You can track your applicants throughout the hiring process with our simple and easy to use Applicant Tracking System (ATS).
In the last quarter, we estimate there are 1,078,185 job seekers interested in Accountant opportunities in the United States. That’s a 26.2% increase compared to the previous quarter with 1,063,659 active job seekers. Around 8.5% of the active Accountant candidates have less than 3 years of experience, over 9.6% have between 3-5 years of experience, 21.6% have 6-10 years of experience, and 60.3% have over 10 years of experience. The average experience level of the available Accountant candidates is 13.0 years. Active candidates in the Accountant profession most commonly have bachelor's degrees, followed by master's degrees, high school diplomas, and associate's degrees. When setting education requirements for your position, aligning with the industry standard makes it easier to find potential candidates. Application rates indicate that Accountant candidates are likely experiencing a market in which applicants have less negotiating power. From an employer perspective, you'll have a greater selection of candidates to choose from and may want to invest in automated screening tools.
After analyzing post-interview data from Accountant candidates in the last 6 months, we see more than 43.7% of the candidates self-reported being hired within 1 to 2 days. Around 86.3% of the candidates for this job reported being hired within 2 weeks. If your process takes longer than 2 weeks in the recent market, you'll likely lose these candidates to other employers. Most of the Accountant candidates are expecting a on-site interview, phone call/screening, group interview, and written test. Most employers do not require a problem solving exercises or presentation. If you are trying to hire your next Accountant quickly, consider simplifying and streamlining the hiring process. As for the interview experience, more than 67.2% of the candidates had a good or great interview experience, and more than 35% of the candidates thought that the interview leaned more towards easy.
Example Interview Questions
- Why are you interested in the Accounting profession?
- How do you balance your job responsibilities with your family/social life?
- Do you have any leadership experience or skills? How are they relevant to this position?
- How have you dealt with a highly confident co-worker or direct report?
- Have you had to deal with employees who did not accept your leadership? If so, how did you overcome this obstacle?
Final Review and Offer
Crafting an Offer: Salary and Benefits
The average Accountant salary offered by employers increased for 4 out of 6 consecutive quarters in the United States. In the last quarter, we see a increase of 10% from $53,102.3 to $58,564.34 compared to the quarter before, which is the biggest increase in the past 6 quarters. For Accountant positions, the most common benefits job seekers reported being offered by employers include: healthcare insurance by 77.2%, paid time off by 73.8%, dental insurance by 67.5%, vision insurance by 61.6%, a 401k plan by 59.1%, discounts by 23.2%, and stock options/grants by 6.8%. While still relatively rare, more and more employers now offer flexibility benefits, including maternity leave, sabbaticals, somewhat remote, paternity leave, flexible working hours, mostly remote, fully remote, and location variety, to attract and retain Accountant candidates to their organization.
Background Check and Drug Test
According to self-reported job seeker feedback, 19.7% of the employers conducted a background check, and 6.6% of the employers conducted a drug test prior to the hiring of their Accountant candidates.