The Isle of Man has launched a campaign to recruit hundreds of accountants to the island in 2020, in a bid to attract new talent to the island.
Targeting both qualified and non-qualified accountants from the UK and Ireland, the campaign's website connects prospective employees with opportunities on the island, provides information on relocating, and showcases others who have made the move.
The offer includes a refund of the first 12 months of National Insurance payments, totalling up to £4,000 dependent on salary levels. In addition, average full-time salaries are 14% higher on the island than in the UK.
There is a real shortage of accountants on the island of all levels, and thus recruitment further afield is an absolute necessity"
The targeted campaign to help fill skilled roles in the finance sector has been launched by Locate Isle of Man, part of the Department for Enterprise.
About 170 jobs in finance and accountancy are currently listed on the island's Job Centre website.
Simon Nicholas, partner at KPMG Isle of Man, said: "There are a wealth of opportunities in the Isle of Man for accountants in many areas of the economy. There is a real shortage of accountants on the island of all levels, and thus recruitment further afield is an absolute necessity.
"This initiative will allow us to attract new talent to the island to contribute to the economy and, in turn, the success of many businesses."
The island currently hosts offices for the Big Four, Grant Thornton, and Baker Tilly, among others, as well as many well-established small firms focusing in accountancy, audit, taxation and more.
Minister for Enterprise, Laurence Skelly MHK, welcomed the campaign as a proactive response to an identified skills shortage area:
He said: "Meeting the skills needs of our economy is vital in order for our businesses to grow and achieve their ambitions.
"The skills offered by qualified accountants are utilised across a wide range of the Isle of Man's business sectors and support a huge number of organisations.
"Locate Isle of Man is actively working with our executive agencies and private sector partners to understand the gaps in our current talent pool and will be delivering further activity to promote opportunities to specific workers through targeted campaigns."