It’s all about the people.
"The dam is going to burst soon"
That’s the exact phrase a CFO used when she told me she’s ready to move. So are many of her peers. Senior finance leaders and corporate professionals are quietly looking, waiting for the right moment. And that moment is getting closer.
Yes, the market is moving, but let’s be honest, it’s still tough.
While some businesses are investing in people, transformation and tech, hiring is being held back by budget pressures and short-term thinking. Many decisions are being driven by immediate return, not long-term impact.
If you’re earning $160K and up, the challenge is even sharper.
We’re seeing increased competition for leadership and strategic roles, cost-cutting across senior levels and a trend toward hiring tactical, hands-on professionals
The message from many employers? Deliver now or don’t bother.
The consequence? Experienced professionals are being overlooked, underutilised or pushed out altogether. Some have stepped away from the industry completely and for those still in the game, it’s exhausting.
Confidence is slipping. People are pulling back from applying. I’ve spoken to professionals who haven’t had a call back in months despite having all the right experience.
The shift is coming. The dam will break and those who stay ready will be in the best position to move fast when it does.
Signs of Optimism, But Strategic Planning Is Crucial
As we hit the mid-point of 2025, there’s cautious optimism in the air. The Australian Bureau of Statistics (ABS) reports that inflation has dropped to 2.8%, within the Reserve Bank of Australia’s target range of 2-3%, and interest rates have remained steady at 3.85%. So, the economic environment is stable for now. Financial markets anticipate further rate cuts, with expectations that the cash rate will reach approximately 3.10% by the end of 2025. But, and it’s a big but, the recovery isn’t happening equally across all sectors. Competition for top talent is fierce, and many companies continue to struggle with skill shortages and a rapidly shifting market.
Key Market Trends for 2025
Talent Shortages Persist
With unemployment sitting at 4.1%, the war for talent is still raging. According to CPA Australia, 65% of finance employers are struggling to fill key roles, particularly at the mid-to-senior level, in areas such as compliance, financial reporting, and governance. It’s still tough out there for employers and job seekers alike.
Hybrid Work Is Here to Stay
Hybrid work has cemented its place as the norm, with 49% of finance professionals opting for flexible arrangements. Interestingly, 35% are seeking more in-office collaboration, particularly as they advance in their careers. Innovation and mentorship are key in these senior roles, and face-to-face time helps make that happen.
Upskilling Is Key to Retention
Companies that invest in upskilling, particularly in digital finance and compliance, are experiencing stronger retention rates and improved team satisfaction. The businesses focused on developing their teams are in a better position to keep their top talent and keep everyone engaged.
What This Means for Senior Finance Professionals
For Employers:
The market is changing rapidly, and if you want to retain top talent, it’s not just about offering a paycheck. It’s about showing your team a clear path forward. Career progression, even in these uncertain times, is a top priority for high-performing professionals. You need to ensure that your team sees opportunities for growth, both in terms of skills and leadership. Without that, you're at risk of losing them to competitors who offer a more promising future.
Compensation packages should be competitive, yes, but they should also reflect the full value you’re offering. It’s not just salary anymore. Flexible work options, professional development opportunities, and clear career paths are just as important to the modern finance professional. If you’re not prioritising these, someone else will.
Investing in training programs isn’t a nice-to-have anymore; it’s a must. The reality is that we’re seeing the need for new skills, particularly in digital finance, regulatory compliance, and business transformation. Companies that aren’t upskilling their teams are at risk of falling behind. If you’re not equipping your people with the tools they need to stay relevant, you’ll find yourself struggling to keep up in the fast-paced, evolving landscape of finance.
Here’s where planning ahead becomes crucial. You can’t afford to wait for the second half of 2025 to arrive before you make decisions. The talent pool is competitive and getting tighter, and if you’re not already thinking about your recruitment strategy for the future, you’ll be caught off guard. Think about succession planning, what roles you need to fill, and what kind of talent will allow you to navigate both current challenges and upcoming opportunities. Don’t wait for an urgent need to push you into action; start now.
And it’s not just about filling roles; it’s about building a high-performance culture. You want a team that’s not only skilled but also highly engaged, and that means fostering an environment where people are excited to grow and contribute. Create the conditions for talent to thrive, and they’ll stick around.
For Candidates:
In this competitive market, the key to standing out is demonstrating strategic value. Don’t just list technical skills, show how you’ve led change, managed transformation, and delivered measurable results.
You need to adapt quickly. Employers want professionals who can pivot with the market, not just those who can perform the same tasks year after year. Show that you have the transferable skills to thrive in dynamic environments.
Resilience is essential. While the process may feel draining, remember that the right role will come. Stay proactive, stay visible, and keep networking. Reach out to mentors, past colleagues, and trusted recruiters. The right opportunity is out there, but you must stay engaged and persistent.
Challenges and Opportunities Ahead
The market is competitive, and senior finance professionals are feeling the heat. Companies are still focused on tactical hires rather than strategic roles, but there are opportunities for those who can demonstrate broader capabilities. If you can show how your experience and skills will drive results quickly, you’ll be in a strong position to secure your next opportunity.
The need for professionals who can support tech adoption, financial transformation, and strategic decision-making is growing. If you’re one of those who can navigate these changes effectively, the right opportunity will come your way.
If You're Looking for a New Role, The Right Opportunity Will Come
The job market might be tough, but don’t lose sight of your goals. Keep pushing forward. The right role is just around the corner.
HPR Consulting: Your Partner in Navigating the Finance Recruitment Market
With decades of experience in the finance sector, our business, HPR Consulting, is here to support you, whether you’re hiring or looking to elevate your career. We’ve got the insights, the experience, and the connections to help you succeed in 2025 and beyond.
Whether you’re hiring now or just need advice, feel free to reach out.
