BS Internal Audit Mid-year - Flipbook - Page 3
BARCLAYSIMPSON.COM
3
Audit Recruitment Activity Index
Market overview
250
220
183
252
240
170
211
183
271
174
168
257
123
2021 | Q3
2021 | Q4
2022 | Q1
2022 | Q2
2022 | Q3
2022 | Q4
2023 | Q1
2023 | Q2
2023 | Q3
2023 | Q4
2024 | Q1
2024 | Q2
150
167
Recruitment activity has persisted, mainly
within the larger companies, at the more junior
delivery grades. Senior recruitment, however, is
occurring at relatively low volumes.
Historically, there would usually be a healthy
supply of talent in markets such as this, with
many candidates chasing few positions. This
has proved not to be the case so far in 2024.
At the senior end, internal auditors who have
been made redundant or who feel under
threat are being proactive in the market, but
candidates at more junior levels are tending
not to. Given the circumstances, now is a
time to be cautious.
2021 | Q2
A combination of low economic growth
and a lack of investment has generated
fewer opportunities for internal auditors. As
departments are restructured to cut costs,
there have been instances of redundancies,
particularly in some of the larger internal
audit functions.
Brighter spots have emerged, such as the
London specialty insurance market and fund
management sector, but these have not been
significant enough to affect other industries
or had enough impact to change the market's
broader performance.
173
Following the trends established in 2023,
the internal audit and controls recruitment
market remained subdued through the first
half of 2024. This is a consequence of the
challenging economic and political context in
which companies operate and is consistent
across nearly all the disciplines Barclay
Simpson covers.
2021 | Q1
INTERNAL AUDIT & CONTROLS | RECRUITMENT MARKET UPDATE 2024
200
100
Source: Barclay Simpson - in-house recruitment activity data
indicating the pace of the market.
