Connecting to LinkedIn...

Blank

Salaries in finance and accountancy grow gradually

 
Salaries in finance and accountancy grow gradually
 
Salaries of middle and senior managers in finance and accountancy started to grow gradually according to experts at Antal Russia Recruitment (part of the FiveTen Group).
 
The trend of salary growth became possible because many companies have passed the stage of the recovery. They have restructured their business, decreased costs, revised different functions, and optimized their headcount. Now many employers understand that they need strong financial professionals, accountancy professionals and managers to move their business forward in the current market. For example, about 80% of recruitment projects I work on now are the projects to replace CFOs with more experienced and effective individuals who cost considerably more, says Artyom Vasiliev, manager at Antal Russia Finance Recruitment department.
 
Finance professionals with salaries between 70 000 120 000 RUR a month such as finance analysts, finance controllers, cost controllers, credit controllers are in demand now. Also in demand are professionals whose salaries fluctuate between 180 000 250 000 RUR a month: senior finance controllers, finance managers, and also finance directors.
 
The number of vacancies has grown noticeably, but some international companies still are under the impression that high profile managers can be hired for relatively low salaries, says Olga Ivanova, manager at Antal Russia Finance Recruitment department. If we tried to find inexpensive stars several months ago, now such efforts are rarely as successful and we try to persuade employers that real stars and just highly professional finance managers are not cheap.
 
Job seekers in the area of accountancy have decreased their salary expectations, but they try to raise the salary rate to the level of salaries before the downturn, says Natalia Yaklushina, senior consultant at Antal Russia accountancy recruitment department. When changing job, accountancy professionals expect a 10-20% salary increase, and some of them want to earn 30-40% more, which is hardly possible in the current market.
 
Our Antal Russia survey illustrates quite high salary expectations (over 550 mid to senior managers in the area of finance and accountancy mainly from big international companies took part in the survey). The majority of them (29%) expect over a 30% increase to move to a new job. 12% of finance and accountancy professionals will move if they are offered a 10-15% increase the level of increase which employers are mostly ready to offer now. And only 3% are ready to change employer while maintaining the current level of basic salary.

Tags:

Articles similar to

Articles similar to