2016 accounting and finance salaries in london
Post on 14-Apr-2017
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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
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