2016 SALARY AND HIRING TRENDS FOR ACCOUNTING AND FINANCE PROFESSIONALS

LONDON

The stronger labour market is being driven by increased

confidence among employers and workers alike

HIRING TRENDS IN ACCOUNTING AND FINANCE

CONFIDENCE IN THE CITY

EXPANDING TEAMS

As a result, 78% of London businesses are reliant

on interim professionals for management or

C-suite roles

PERMANENT STAFF IN SHORT SUPPLY

Businesses are adding headcount to their accounting

and finance teams

RECRUITING FINANCE PROFESSIONALS IS A CHALLENGE

98% of CFOs are challenged in finding skilled professionals in London

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

PERMANENT ROLES IN DEMAND

• 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

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 IN LONDON

Chief Financial Officer/Group Finance Director

SME £110,300 - £135,800 £110,600 - £145,100 3.9%

Large £122,200 - £188,700 £122,600 - £195,100 2.2%

Finance DirectorSME £80,300 - £131,900 £81,600 - £138,700 3.8%

Large £97,700 - £161,900 £98,400 - £168,000 2.6%

Qualified Management / Financial Accountant

SME £44,800 - £53,200 £45,500 - £55,100 2.6%

Large £56,800 - £73,200 £57,400 - £77,100 3.5%

Financial ControllerSME £61,000 - £81,600 £62,600 - £84,200 2.9%

Large £73,500 - £84,800 £74,200 - £89,300 3.3%

Financial Business PartnerSME £58,400 - £69,300 £58,400 - £72,900 2.8%

Large £61,000 - £71,900 £60,600 - £77,100 3.6%

JOB TITLE COMPANY SIZE 2015 2016 % CHANGE

Salaries in London are typically a third-higher than the UK average

SALARIES IN LONDON (CONTINUED)

93% of CFOs have offered a higher salary than originally planned to secure a talented professional

Financial Planning & Analysis Manager

SME £79,700 - £88,000 £80,300 - £91,300 2.3%

Large £81,900 - £91,600 £82,200 - £95,800 2.6%

Financial AnalystSME £48,100 - £57,400 £48,400 - £61,300 4.0%

Large £50,300 - £64,200 £51,300 - £67,700 3.9%

Credit ControllerSME £21,600 - £33,200 £22,300 - £34,200 2.9%

Large £25,500 - £36,800 £25,800 - £38,400 3.1%

Payroll Administrator/ClerkSME £23,200 - £28,700 £23,900 - £29,300 2.5%

Large £26,100 - £32,600 £26,800 - £33,200 2.2%

Purchase/Sales Ledger ClerkSME £21,300 - £31,600 £21,600 - £32,600 2.4%

Large £26,800 - £34,800 £27,400 - £35,800 2.6%

JOB TITLE COMPANY SIZE 2015 2016 % CHANGE

RETENTION A KEY CONCERN IN LONDON

93% of CFOs in London are concerned about losing top financial performers

50%

A RISE IN REMUNERATION OR BONUSES TO CURRENT

EMPLOYEES

55%

CAREER DEVELOPMENT OPPORTUNITIES

IN A BID TO KEEP TOP PERFORMERS, BUSINESSES WILL BE OFFERING:

30%

FLEXIBLE WORKING OPPORTUNITIES

REMUNERATION TRENDS FOR EXISTING STAFF

53% 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