The Robert Walters 2018 Salary Survey has found that salaries for newly qualified accountants within commerce and industry will increase by 6% on average in 2018.
Despite uncertainty surrounding Brexit, employers retained an attitude of cautious optimism, with recruitment levels remaining steady. This has placed pressure on talent pools, particularly for professionals with niche skill sets, driving up salaries as employers compete to secure talent.
“Employers looked to grow finance teams in 2017 in response to higher regulatory scrutiny and to provide greater value add providing strategic advice to the wider business,” says James Murray, Director at Robert Walters.
“As a result of this trend, pressure on talent pools for junior and mid-level accountants has increased, particularly those with the potential to perform reporting, technical accounting and management accounting roles. In order to remain competitive when looking to secure top calibre candidates in these disciplines employers have increased salaries.”
Brexit uncertainty drives salary growth for financial control specialists
Within financial services, as employers prepare to adapt to shifting rules and regulations around Brexit, demand has increased for financial control specialists who can interpret, develop and implement change for within reporting and controls.
As a result, financial control specialists will see salary increases of up to 7%, particularly at the junior level to mid-level. “While demand remains for senior profiles, mid-level professionals will see the sharpest salary increments as employers look to take on top calibre staff at this level who can bring a mixture of strong technical skills and project management."
“Financial services firms are aware that Brexit will trigger a period of uncertainty where the need to adapt to changing circumstances will need to be balanced with long term, secure financial reporting," continues James Murray, Director at Robert Walters.
“This has led to high demand for financial control specialists who can provide strategic insight to help ensure the long-term financial reporting compliance of the business.”
“While demand remains for senior profiles, mid-level professionals will see the sharpest salary increments as employers look to take on top calibre staff at this level who can bring a mixture of strong technical skills and project management.”
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