Short, practical insights for Executives, Founders, and Leaders who want to build stronger teams using a better hiring engine.
Today’s Brief is about what’s really happening in accounting, finance, and HR hiring as we head into year-end—where it’s cooled, where it hasn’t, and what that means for your teams going into 2026.
Resource for context: If you’re also calibrating compensation, I’ve put together our 2026 Accounting & Finance Salary Guide
Human Resources Salary Guide
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Briefing: Year-End Realities in the Job Market, Finance & HR
If you’ve felt a little whiplash from the headlines this year, you’re not imagining it.
One week it’s “mass layoffs.”
The next week it’s “labor shortage.”
Meanwhile, you’re sitting in planning meetings trying to answer three very practical questions:
- Can we actually hire the people we need?
- What are we going to have to pay them?
- Is this the year to upgrade key seats or just hold the line?
Here’s what I’m seeing across the market, and specifically in accounting, finance, and HR.
Big picture: the market has cooled, not crashed
We’re past the 2022 “everything is on fire” cycle.
- Unemployment has moved up into the mid–4% range.
- Some sectors (parts of tech, logistics, retail, and services) have cut or paused hiring.
- Others—healthcare, manufacturing, construction, parts of financial services—are still hiring, just with more filters on.
From a distance, it’s easy to assume:
“There should be more talent on the market now.”
You probably are seeing more inbound résumés and more people quietly open to a move.
But when you zoom in on the people that actually move the business, the story is different.
Accounting & finance: fewer requisitions, same small pool and higher pay
For core A&F roles, we are seeing replacements but not adding additional headcount. That’s real.
What hasn’t changed much is the size of the truly strong bench.
And what has changed is what it costs to get them.
Unemployment for key finance and accounting roles has been hovering around 1–2%—basically full employment. At the same time, most of the reputable salary data shows A&F pay up at least ~10% across the board over the last few years, and in some pockets more than that.
So you’re operating in a world where:
- There are fewer net-new requisitions than during the boom.
- Compensation stepped up during the last cycle and has not quietly drifted back down.
- The long-term outlook still shows strong demand for accountants and finance leaders as people retire and businesses get more complex.
On the ground, that looks like:
- You might get more résumés than you did in 2022.
- But the shortlist of true A-players who can move the function forward is still small.
- The good candidates are more cautious, not more desperate. They’re asking sharper questions about scope, stability, leadership, and what “success” actually looks like in the role.
- And they expect compensation to reflect what’s happened to A&F salaries, not what you were paying in 2019.
So yes, the pace of finance hiring has cooled.
The difficulty and cost of landing real finance leaders has not reset.
On the supply side, the accounting pipeline has shrunk meaningfully. The latest AICPA data show U.S. schools awarded just over 55,000 accounting degrees in 2023–24, down 6.6% in one year and roughly 17% lower than 2016 levels. Finance degrees, by contrast, have been holding in the mid-50,000s per year as one of the most popular business majors. In short: fewer new accountants coming out, steady but not exploding finance grads—and demand hasn’t gone away.
HR & people roles: less noise, higher expectations
HR is living its own version of this story.
Unemployment for many HR titles has been sitting below the national rate, especially as you move up into HR managers, HRBPs, total rewards, and people leadership roles.
The bigger shift is what the job is expected to be.
HR and people roles: less volume, higher bar
In conversations with CEOs, Founders, CFOs, and CHROs, I am not hearing “we need more HR headcount.” I am hearing things like:
- “We need HR to tell us where performance and engagement are breaking down and what to do about it.”
- “We need someone who can help us get through change without losing our best people.”
- “We need HR that can sit with finance and talk about headcount, budgets, and how to shift work across the team.”
At the same time, some transactional HR work is being automated, offshored, or pushed into shared services. That has not killed demand for HR. It has shifted it.
The roles that are still in demand look more like this:
- HR Business Partners who actually work with line leaders on plans and follow-through
- People leaders who can steady a messy function and rebuild trust
- Compensation and total rewards leaders who can keep you competitive and still make the math work
You may see more HR résumés than you did a few years ago.
The number of people who can genuinely operate at this level is still small.
You may see more HR résumés.
But the subset of people who can steady the function and drive change with the business is still limited.
The one thing most 2026 hiring plans are missing
Most 2026 hiring plans still assume that because the market has cooled, we can hold on to old salary bands for key finance and HR roles.
The problem is simple. The market cooled on volume. It did not roll back compensation.
Accounting and finance salaries are up by at least about 10 percent in many bands. Expectations for credible HR leaders are higher, not lower. The small pool of A-players in both lanes is very aware of this.
If you do not adjust either your ranges, your scope, or your expectations, you are planning for searches that will stall.
What this actually means for 2026 planning
If you strip out the noise, here’s the signal I’d give your leadership team:
- The market overall is slower and more selective than 2022.
- You do have a bit more breathing room on timing and approvals.
- But for critical accounting, finance, and HR seats, you’re still competing in a relatively small pond—now with higher salary expectations, especially on the finance side.
So the play for 2026 is not:
“Great, talent is cheap and abundant. We can lowball and wait.”
It’s closer to:
“We can be more deliberate about where we add headcount. But when we decide to upgrade or backfill key finance and HR roles, we need to be realistic about scope and compensation and thoughtful about how we approach the search.”