Positive job prospects for financial professionals
Almost half (48%) of employers are looking to hire more staff in 2014, 4% more than in the previous year. This is in line with the growing number of firms (68%) who anticipate their business activity will increase over the next 12 months, up by 10% from 2013.
According to the Hays 2014 Accountancy & Finance Salary Guide, there has been an increased demand for professionals with niche skills, such as tax, payroll and credit management, as well as for those who can act as a consultative business partner to their employer. Many small-to-medium -sized businesses are also actively hiring finance managers with all-round finance and accounting skills.
This has boosted salaries in the accountancy and finance industry, with 70% of employers reporting pay has already increased in the past 12 months. Newly qualified professionals can expect to earn an average salary of £38,000 per annum with finance directors being able to command an annual pay of £117,000 in the country.
Mark Sheldon, managing director of Hays Accountancy & Finance, said, “We are seeing growing confidence among employers and candidates. Many firms, including SMEs, are taking on more accountancy and finance professionals.
“With 48% of finance professionals looking to change jobs this year and fewer believing there is scope for career progression in their own organisation, the pressure is on employers to retain and attract talented individuals. We expect this to result in a steady increase in salaries and an improvement in benefits packages over the course of the year.”
To request a copy of the salary guide, please visitwww.hays.co.uk/finance-salary-guide/