Professional salaries in Yorkshire set to rise in 2017

01 November 2016
  • Salaries for professional roles in Yorkshire expected to increase by up to 5.9% next year

  • Highest average rises in finance and accounting will be for roles including chief financial officers, financial planning & analysis and project accountancy

Leeds, 1 November 2016 – According to the Robert Half 2017 Salary Guide1, Yorkshire average starting salaries for professional roles are expected to increase by up to 5.9% in 2017.

The Robert Half 2017 Salary Guide is the most comprehensive and authoritative resource on starting salaries and recruitment trends in finance and accounting, financial services, information technology and administration. The Salary Guide enables employers and employees to benchmark starting salaries for more than 275 different permanent professional roles on a national and regional basis.

Ed O’Connell, Director, Yorkshire, Robert Half UK, commented: “Productivity and growth are today’s mantras for Yorkshire businesses and the growing skills shortage is one of the key challenges for any organisation to overcome. Leeds is currently the fastest growing city in the UK and it has a highly skilled pool of candidates, reinforced by a workforce of 1.5 million people. However, competition for the best skilled professionals is intensifying and as this year’s guide demonstrates, salaries for hard to fill roles continue to rise and outpace the average salary by a significant margin.”

Accountancy and finance

Additional research2 from the specialist recruiter reveals that 88% of Yorkshire based CFOs state it’s either very, or somewhat challenging to find skilled professionals in finance and accounting. Consequently, salaries are predicted to continue to rise for finance and accounting professionals across the board as businesses remain eager to hire candidates with the right cultural fit along with technical expertise and experience.

The most difficult areas to recruit for are: risk (cited by 25%), accounting (23%) and compliance (20%). This is reflected in higher than average predicted salary rises for chief financial officers (5.9%), financial planning and analysis managers (4.9%) and financial analysts (4.0%).

Table 1: accountancy and finance highest salary rises by role

Top three

2016 Yorkshire average

2017 Yorkshire average

% change

Chief financial officers

(Large Company)

£87,300 - £139,000

£91,100-£148,500

5.9%

Financial planning and analysis manager

(Large Company)

£58,500-£68,200

£58-300-£74,700

4.9%

Project Accountant

(SME)

£37,900-£46,600

£41,000-£46,900

4.0%

 

Administration and office support

The need for more clearly defined administrative roles is set to continue in 2017. Over a third (38%) of Yorkshire based HR directors state that it’s most difficult to find skilled executive and personal assistants. A further 30% state it’s challenging to find project administrative support, which can explain why administrative assistants will see salary increases of 2%. Telemarketing/telesales and customer services supervisors will also receive pay rises of 2% as they will be rewarded for the part they play in retaining happy customers and driving new business.

Almost half (46%) of Northern-based HR directors expect to increase salaries for professional level employees in the year ahead.

Table 2: administration and office support highest salary rises by role

Top three

2016 Yorkshire average

2017 Yorkshire average

% change

Telemarketing/telesales

£15,400-£20,200

£15,500-£21,000

2.3%

Customer services supervisor

£18,600-£25,300

£19,100-£25,500

1.7%

Administrative Assistant

£14,200-£22,500

£14,800-£22,600

1.6%

 

Ed O’Connell continues: “Yorkshire is an attractive environment at the moment for skilled professionals and this is exacerbating the current war for talent and therefore driving salaries higher. Salaries are rising across a wide range of professions and industries and affecting all professionals and employers. 

“As these businesses undergo their planning and recruitment strategies for 2017, they can turn to the latest Salary Guide to ensure they know where the salary hotspots are likely to be and whether they are paying top performers the salaries that competitors are likely to offer in the year ahead." 

- ENDS -

About the Robert Half 2017 Salary Guide

Since 1950, Robert Half has produced Salary Guides to offer business owners, hiring managers and professionals information on prevailing starting salaries in their geographic areas and insight into the latest employment trends. Companies consult the annual Salary Guide to determine appropriate remuneration for accounting and finance, financial services, technology and administrative professionals at all levels.

Information in the Salary Guide is based on the thousands of job searches, negotiations and placements managed each year by Robert Half's recruitment consultants, along with the company's ongoing surveys of executives. Continuing or ongoing salaries are not reported because many external factors – such as seniority, work ethic, non-monetary benefits, job performance and training – impact the salaries of permanent professionals as work histories develop.

Download the Robert Half 2017 Salary Guide

Notes to editors

1 The annual study was developed by Robert Half UK and is conducted by an independent research firm.  The study is based on more than 200 interviews with senior finance executives from companies across the UK, with the results segmented by size, sector and geographic location.

2 Yorkshire based statistics are part of a wider UK based study developed by Robert Half UK. The research is conducted by an independent research firm and is based on more than 200 interviews with senior finance executives from companies across the UK, with the results segmented by size, sector and geographic location.

About Robert Half
Robert Half is the world’s first and largest specialised recruitment consultancy; a member of the S&P 500 and #1 in our industry on FORTUNE® magazine’s “World's Most Admired Companies” list (2016). Founded in 1948, the company has over 325 offices worldwide providing temporary, interim and permanent recruitment solutions for accounting and finance, financial services, technology and administrative professionals. Robert Half offers workplace and job seeker resources at roberthalf.co.uk and twitter.com/roberthalfuk.

Share This Page