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Inclusive Cultures Don’t Happen by Accident — They’re Built Intentionally

Following International Women's Day, many organisations reflect on progress.But for finance leaders and hiring managers, the more important question is this: What does inclusion mean in practice — and how does it affect performance? Because this isn’t just a culture conversation. It’s a capability conversation. ​Inclusion Impacts Talent Attraction ​The best finance professionals — at every level — have options. They are looking for: Transparent progression pathways Visible meritocracy Leadership that values contribution over presence Environments where performance is recognised fairly If an organisation’s culture unintentionally favours “proximity” — those closest to decision-makers — it narrows its own talent pipeline. ​And in a market where specialist skills are already in short supply, that’s a commercial risk. ​Meritocracy Must Be Visible Many businesses describe themselves as meritocratic. ​But candidates assess that through lived signals: Who is in senior leadership? Who is promoted internally? How are flexible working arrangements handled? How openly are development opportunities discussed? In accountancy and finance particularly — where progression paths are structured and performance is measurable — fairness needs to be both real and visible. ​High performers want clarity, standards and consistency. ​​Leadership Behaviour Shapes Retention Inclusive leadership isn’t about grand gestures. ​It’s about everyday behaviours: Who is invited into strategic discussions Who is given stretch projects Who is credited publicly Who is sponsored, not just mentored Retention in finance teams is rarely lost because of salary alone. It’s often influenced by visibility, opportunity and recognition. ​Businesses that understand this tend to build stronger, more stable finance functions. ​The Commercial Case for Inclusion Diverse and inclusive teams bring broader perspectives to: Risk assessment Strategic planning Commercial analysis Operational improvement For CFOs and Finance Directors, inclusion isn’t a compliance issue. It’s about building balanced teams capable of better decision-making. ​The organisations that approach inclusion intentionally — rather than reactively — are often the ones that outperform in the long term. ​Beyond Awareness Days International Women’s Day creates valuable momentum every year:But sustained progress comes from: Clear promotion criteria Transparent hiring processes Conscious leadership development Ongoing cultural accountability In today’s hiring market, an inclusive culture isn’t just about employer branding — it influences who joins, who stays and how teams perform. ​

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Salary Survey Update by Executive Director, Lee Sweeney

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What an interesting year 2023 was, characterised by a rather stop/start roller coaster ride as market sentiment waxed and waned.

The rarely seen before salary rises of 2022, driven by climbing inflation and a continued shortage in supply of skilled and talented people began to slow in 2023. A degree of normality returned, though not entirely as supply still fell short of demand (though by a narrowing gap) and inflation, though falling, remained stubbornly high, as did interest rates.

Turning to 2024, what can we expect? Q1 saw a distinct pick up in demand for finance staff at all levels. Inflation fell further, interest rates appear to have peaked and the belief is that they will drop and economic growth of 0.6% in the quarter finally rid us of the word ‘recession’.

The push by employers to return employees to a greater degree of office-based working (as opposed to home based) has continued. Employers seem to have found their confidence to push this issue a little further; anecdotally with many reporting a drop in output if the split is too biased towards home. Hybrid/flexible working continues to be a hot topic.

"The quiet period that was the last half of 2023 is now well behind us"

Historically, the M&A market (mergers and acquisitions) has often proved a foreteller of things to come. When that market goes quiet, usually a drop in demand for any type of finance staff follows within the next quarter or two and the opposite is true. This is probably because M&A is often closely associated with how strong business’ sentiment and confidence is. Currently, and again anecdotally, despite some evidence that might appear to the contrary (e.g. Deloitte withdrawing from the regional M&A mid- market in early 2024 and making their teams redundant) M&A advisors, transactional lenders and investors in the north have been reporting a sudden jump in WIP. So have we and as the largest independent, dedicated accountancy and finance recruitment business in Yorkshire we have a very strong sample pool.

Now comes the hard part where I stare into my crystal ball and try and predict the future; here goes: The quiet period that was the last half of 2023 is now well behind us. We have falling inflation, we expect falling interest rates, we have economic growth, and we expect more of it (though not at high levels), we have seen a real uptick in vacancies and as mentioned in the previous paragraph, M&A WIP appears to be building. I believe we will see a strong 2nd half of 2024 which whilst not rivalling 2022 will most likely be well ahead of pre-pandemic levels of 2019.

What does this mean for employers? Even last year demand never fell behind supply, the gap simply narrowed. That gap will probably widen again. When you hire you will need to be on your mettle. Salaries and benefits well need to be competitive. Flexibility (like hybrid working) will remain high on many people’s agenda and if you don’t offer any, hiring the best people will be much more difficult. Processes will need to be slick and proficient; they will also need to be quick. It will remain a seller’s market and you will have competition for anyone with skill and talent.

Lee Sweeney is Executive Director at Sharp Consultancy and advises major accounting practices, venture capitalists and banks in the North of England on the appointment of senior finance professionals; contact Lee on 0113 236 6300.