Home sickness shrinking candidate pool for internal audit jobs
And their reluctance to travel is seriously limiting the available talent pool for the role, say Zed Recruitment, who carried out the survey.
Of those surveyed, 34% said they would be prepared to spend up to 30% of their working time away from the office and a further 43% replied that they would be happy to spend up to half their time off-base. But only 17% said they would be happy to be away from home for more than half their working time.
The Edinburgh agency also interviewed 50 heads of audit across a wide range of sectors. They stated that the average amount of time spent away from home by their audit teams was 52% but varied substantially between sectors with oil and gas around 80%, followed by manufacturing, food and drink, engineering, and banking.
“”A desire for work life balance is making it harder to satisfactorily fill internal audit jobs,” said Zed Recruitment managing director Suzanne Ramsay. “Our research shows that from a recruitment perspective it is a major reason why the candidate pool for high travel roles shrinks dramatically.”
She added, “The market for talent in Western Europe is definitely client-driven but competition for the best people remains as fierce as ever and the good ones are always the hardest to find. Good candidates will not be found languishing on a recruiters’ database, therefore the search for the right applicants is very proactive”
She went on to say that in the emerging markets the reverse is true with it being a candidate-driven market both in terms of applicant availability and ability.
The number of suitable internal audit staff is also limited by the requirement for a second language other than English, the Zed Recruitment survey found. Managers reported particular difficulty in finding staff who could speak Russian, Arabic or Mandarin.