2022 Year in Review
2022 is ending as it began for the Andrews & Cole Team: with a frenzy of hiring in the Metro DC Finance and Accounting market. Despite talk of layoffs in other geographic areas and hiring freezes in certain industries, our niche has remained stable, largely untouched by some of the broader economic trends: inflation and recession fears.
The economic reality is that, as of December 2nd, there are still 1.7 jobs for every job seeker and unemployment is at historic lows. The labor force participation rate has not recovered from February 2020 levels.
The topic of in office/remote/hybrid continued to dominate most of our conversations in 2022, with more employers returning to the office and surprisingly, more employees realizing that fully remote was not their ideal. Whether it’s camaraderie, organic learning, mentoring opportunities, or engagement, many employees have decided that in-office work is best for them both professionally and personally.
As we’ve begun to see select layoffs, the people who relocated out of market and are working fully remote are often the first ones to be let go unfortunately.
One major change we’ve seen is in public accounting firm compensation, where for many people, it’s not only at market but above. Many firms continue to offer a high degree of flexibility, as well as “disconnect” days, unlimited PTO, and robust parental leave. These offerings have helped to stem some of the high turnover we saw in 2020 and 2021, yet job satisfaction remains low (in part due to the isolation of remote work).
In November, Andrews & Cole celebrated our 20th Anniversary as a Woman-Owned Small Business with a bash that included Casino Night and donations to 3 of our favorite causes: Hire Heroes, Howard University Center for Accounting Excellence, and Shepherds Table. Check out photos here.
Thank you to all our clients, candidates, consultants, team members, friends, and business partners who have helped us grow another 40% this year! Our mission remains: to transform the lives of finance and accounting professionals, elevate organizations, and enrich communities by matching exceptional talent with remarkable companies.
Wishing you health, happiness, and prosperity in 2023! Please let us know how we can support you and your teams.
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About Nicole DelToro: Nicole has been helping organizations (big and small) hire and retain top talent for over 20 years, while helping individuals realize their personal and professional goals by ensuring they’re working in the environment that’s ideal for their current situation. Contact her at: [email protected]
Andrews & Cole is a certified woman-owned boutique executive search and consulting firm with a focus on accounting and finance professionals. Clients range from start ups to Fortune 100 in nearly every industry.
Andrews & Cole is a certified woman-owned boutique executive search and consulting firm with a focus on accounting and finance professionals. Clients range from start ups to Fortune 100 in nearly every industry.