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Accountancy & Finance Salaries

Hays Salary Guide 2016
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We've updated the Hays Salary Guide for 2016 with the latest accountancy & finance salary data gained from our extensive survey. Compare your salary to the market, get deeper insights into the latest employment trends in accountancy and finance, and download your copy of the guide as a PDF.

  View the Hays Accountancy & Finance Salary Guide 2016

Overview

The general outlook for finance professionals in the UK is strong. Over the last couple of years, businesses re‑invested in permanent recruitment and in the development and capabilities of their wider teams. In 2015, we also noted an increase in the hiring of temporary staff for key projects. The demand for newly qualified accountants (view qualified accountants salary data) continues to grow across all sectors and there are no signs of this slowing in 2016.

The reduced number of professionals reaching newly qualified status during the recession has created a mismatch between supply and demand. It is common that candidates receive both multiple job offers and often a counter offer from their current employer when they do look to move roles. The professional institutes have all voiced positive news about the numbers of students increasing again since the downturn. As a result, 2016 should see the first boost in numbers of newly qualified accountants (qualified accountants salary data). This may help to ease some of the pressure, although we still expect to see continued pay inflation in this area, as well as within part qualified accountancy (part qualified accountancy salary data), payroll (payroll salary data), credit (credit management salary data) and some areas of tax (taxation salary data) and treasury (treasury salary data).

Business growth in commerce and industry has led to increased focus on ‘good governance’ and many large businesses are investing in their governance (corporate governance salary data) based teams and in internal audit (audit salary data) in particular. There has also been a marked increase in recruitment activity within accountancy practices over the last 12 months, with an ongoing need for audit professionals as companies grow and change their auditors.

The challenge of public sector spending cuts continues and the pressure on the non-protected departments is concerning for finance leaders, who can already identify skill shortages in their departments but may not be able to hire readily. This will be problematic for many public sector organisations throughout 2016.

The most forward-thinking companies are beginning to plan ahead for future recruitment needs. Some are organising open days, inviting a wide range of finance professionals through their doors to showcase what it is like to work in finance in their organisation, and how they manage talent development in their business.

  View the Hays Accountancy & Finance Salary Guide 2016