Hiring Trends in Accounting/Finance

Accountants are as real a commodity as lawyers or doctors anywhere in the world. Unfortunately not so in the Canadian Environment, where we proudly talk of Legislation and Compliance against Discrimination and Human Rights Issues.

Let me throw some light on this issue and also enlighten employers in Canada about the added value that these Accounting Professionals who immigrate to Canada, have to offer.

Before I do that, I would like to share some specific data related to salaries in the Accounting and Finance world. This information is not based on some survey conducted by a Market Research Firm of companies that wish to remain anonymous. Information here is based on the current reality in the Canadian Market based on my personal interaction with candidates and employers hiring. Salary Range varies and is dependent on the size of the company, industry and stage in the life cycle of the company. Given below is the dollar value of the base salaries, not including benefits and bonuses, etc.

Now, I am going to share some scary numbers of salaries offered to Qualified and Designated Accounting Professionals that migrate to Canada from different parts of the world.

WHY THIS CHASM OF A DIFFERENCE IN THE SALARIES OFFERED? Of course that is assuming that some kind soul is willing to give them an opportunity to begin with.

The outcome is that, most professionals are frustrated and either think of going back home or struggle here to pay the bills. This means working in a convenience store or at the closest fast food joint serving burgers.

My question to employers is simply put:

WHAT IS THE DIFFERENCE BETWEEN A DEBIT and CREDIT IN CANADA AS COMPARED TO ANYWHERE IN THE WORLD?

ARE THEY TREATED DIFFERENTLY IN THE BOOKS OF ACCOUNTS?

 I understand that there could be learning involved in the TAX SCENARIO or in the Compliance Issues governing the treatment of some expenses and income areas.

Is it going to be so difficult for a designated Accounting professional to pick up in a couple of weeks?

Are the principles of Accounting changing?

If the answers to the questions mentioned above are in the negative, then employers have a GOLD MINE in front of them, in terms of Talent. Talent, that is not only available for a lesser dollar value, but one that is extremely dedicated; hardworking and wanting to prove something to themselves, as they are starting off from scratch.

My request to employers is to open their minds and at least give this amazing pool of Talent a chance, prove to the world that CANADA is truly the place where dreams come true, where people of all origin are treated at par in all walks of life irrespective of their country of origin, race, religion, marital status, gender, etc.

Immigrant Coach