2016 accounting and finance salaries in birmingham
TRANSCRIPT
The stronger labour market is being driven by increased
confidence among employers and workers alike
Businesses are adding headcount to their accounting
and finance teams
HIRING TRENDS IN ACCOUNTING AND FINANCE
CONFIDENCE IN BIRMINGHAM
EXPANDING TEAMS
As a result, 55% of businesses in Birmingham
are reliant on interim professionals for management or
C-suite roles
PERMANENT STAFF IN SHORT SUPPLY
RECRUITING FINANCE PROFESSIONALS IS A CHALLENGE
90% of CFOs are challenged in finding skilled professionals in Birmingham
SPECIALIST PROFESSIONALS ARE HARD TO FIND
LACK OF NICHE, TECHNICAL TALENT
1LACK OF COMMERCIAL,
BUSINESS SKILLS
3GENERAL DEMAND OUTWEIGHS SUPPLY
2
TOP THREE REASONS FOR THE SKILLS SHORTAGE
FIVE HOT SKILLS AND QUALIFICATIONS FOR 2016
• ACA/ACCA/CIMA with 5–10 years’ post-qualification experience
• Part-qualified CIMA/ACCA with management accounting skills
• Technology and software skills in advanced Excel/SAP/Sage
• Business partnering and communication skills
• Financial modelling
• CFOs and finance directors with strategic and commercial skill sets
• Financial controllers/business partners
• Qualified/part-qualified management accountants
• Credit controller/purchase ledger, sales ledger and payroll clerks
PERMANENT ROLES IN DEMAND
TEMPORARY AND INTERIM ROLES IN DEMAND
• Financial transformation/system improvement experts
• Financial reporting professionals
• Financial planning and analysis professionals
• Accounts assistants, credit controllers, and purchase ledger clerks
SALARIES BIRMINGHAM
Chief Financial Officer/Group Finance Director
SME £79,300 - £97,700 £79,600 - £104,400 3.9%
Large £87,900 - £135,700 £88,200 - £140,400 2.2%
Finance DirectorSME £57,800 - £94,900 £58,700 - £99,800 3.8%
Large £70,300 - £116,500 £70,800 - £120,900 2.6%
Qualified Management / Financial Accountant
SME £32,200 - £38,300 £32,700 - £39,700 2.6%
Large £40,800 - £52,700 £41,300 - £55,400 3.5%
Financial ControllerSME £43,800 - £58,700 £45,000 - £60,600 2.9%
Large £52,900 - £61,000 £53,400 - £64,300 3.3%
Financial Business PartnerSME £42,000 - £49,900 £42,000 - £52,400 2.8%
Large £43,800 - £51,700 £43,600 - £55,400 3.6%
JOB TITLE COMPANY SIZE 2015 2016 % CHANGE
SALARIES BIRMINGHAM (CONTINUED)
88% of CFOs have offered a higher salary than originally planned to secure a talented professional
Financial Planning & Analysis Manager
SME £57,300 - £63,300 £57,800 - £65,700 2.3%
Large £58,900 - £65,900 £59,200 - £68,900 2.6%
Financial AnalystSME £34,600 - £41,300 £34,800 - £44,100 4.0%
Large £36,200 - £46,200 £36,900 - £48,700 3.9%
Credit ControllerSME £15,500 - £23,900 £16,000 - £24,600 2.9%
Large £18,300 - £26,400 £18,600 - £27,600 3.1%
Payroll Administrator/ClerkSME £16,700 - £20,600 £17,200 - £21,100 2.5%
Large £18,800 - £23,400 £19,300 - £23,900 2.2%
Purchase/Sales Ledger ClerkSME £15,300 - £22,700 £15,500 - £23,400 2.4%
Large £19,300 - £25,100 £19,700 - £25,800 2.6%
JOB TITLE COMPANY SIZE 2015 2016 % CHANGE
RETENTION A KEY CONCERN IN BIRMINGHAM
88% of CFOs in Birmingham are concerned about losing top financial performers
40%
A RISE IN REMUNERATION OR BONUSES TO CURRENT
EMPLOYEES
63%
CAREER DEVELOPMENT OPPORTUNITIES
IN A BID TO KEEP TOP PERFORMERS, BUSINESSES WILL BE OFFERING:
30%
FLEXIBLE WORKING OPPORTUNITIES
REMUNERATION TRENDS FOR EXISTING STAFF
35% of CFOs
EXPECT TO INCREASE BONUSES AWARDED
65% of CFOs
PLAN TO INCREASE SALARIES
DOWNLOAD THE 2016 SALARY GUIDE
For more accounting and finance salary and hiring trends, download the full Robert Half 2016 Salary Guide at roberthalf.co.uk/salary-centre
2016SALARY GUIDE