The top 10 roles for 2016 are out, we take a look at who is going to see the biggest salary increase and why this is happening.
London, 23 November 2015 - Professionals looking for the strongest salary rises in 2016 should focus on technology, risk management and finance and accounting, according to the Robert Half 2016 Salary Guide. While overall salaries are predicted to rise by an average of 3% across the board in 2016, compared to last year’s figure of 2.6%, there are some roles expecting to outshine the average and receive around double that with rises of between 5.7% and 7.4%.
The top 10 roles in full
1. Mobile applications developer +7.4%
£32,500 - £61,500
As well as providing games to play on smartphones, mobile applications developers are in huge demand to build apps for companies to provide access to information and services, notably banks and retailers.
2. Web developer +7.3%
£36,500 - £55,000
Talented developers are invaluable to companies who need to maintain a resilient, secure and user friendly website for customers and partners.
3. Junior compliance associate +6.8%
£22,500 - £36,500
Regulatory compliance is top of the agenda for all organisations and will only continue to grow in importance, putting a premium on experts who can help guarantee their employers stick to the rules.
4. Information security manager +6.6%
£63,250 - £97,000
2015 saw its fair share of security breaches and cyberattacks on some of the UK’s best-known consumer brands – it’s not surprising that information security professionals are in huge demand.
5. Operation risk manager +5.7%
£53,500 - £90,500
Responsible for internal controls covering structure, systems, people, products or processes, operation risk managers are invaluable professionals across all industry sectors.
6. Financial Controller +3.9%
£76,500 - £104,500
Attracting the highest salary band of the top 10, financial controllers are the lynchpins of every organisation and oversee the number-crunching and reporting that ensure businesses are both compliant and solvent.
7. Senior Finance Manager +3.7%
£54,250 - £64,750
The most in-demand senior finance managers will have three years post qualification experience and be responsible for budgeting and forecasting – essential tasks in organisations rebuilding their profitability and productivity.
8. Financial Business Partner +3.6%
£47,000 - £59,750
Financial business partners with the ability to analyse trends and provide growth predictions in a way that the rest of the organisation will understand are in high demand. As financial management is about so much more than bean counting, financial business partners who can communicate well with the rest of the organisation are in high demand.
9. Regulatory Accountant +3.5%
£55,250 - £78,500
Responsible for completing financial reports to regulatory bodies, regulatory accountants play a key role in ensuring that companies remain fully compliant.
10. Qualified Management/Financial Accountant +3.5%
£44,500 - £59,750
Trained management accountants who are able to advise and steer businesses finances to meet their business objectives will continue to be in demand in 2016.
Phil Sheridan, Senior Managing Director, Robert Half UK commented: “The greatest salary increases are a clear indication of where the imbalance between supply and demand is highest. This is creating upward pressure on salaries for hard to fill roles such as applications developers, compliance experts and information security managers who are so essential to organisations operating in today’s fast-evolving yet tightly regulated commercial environment. Employers are having to move quickly to secure the best candidates and are offering other benefits to attract top professionals such as flexible working, annual leave and career breaks.”
Notes to editors
About the 2016 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 guides to determine appropriate remuneration for accounting and finance, financial services, technology and administrative professionals at all levels.
Information in the salary guides 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, job performance and training -- impact the salaries of permanent professionals as work histories develop. The Robert Half Salary Guides can be downloaded at www.roberthalf.co.uk/salary-guides
Customising salaries for local markets
The regional variance is supported by data from HM Revenue & Customs, the Office for National Statistics, our local offices and ongoing surveys of senior executives. National starting salaries can be localised to your market using the variance index numbers below. The average salary index for all 11 regions is 100.
The index figures serve as a guide to determining average starting salaries. Factors such as company size, employee benefits, the candidate’s skills and current market conditions can affect actual starting salaries.
|North East England||90.0%|
|North West England||92.9%|
|East of England||97.9%|
|South East England||106.0%|
|South West England||92.3%|
The bi-annual study was developed by Robert Half UK and is conducted by an independent research firm. The study is based on more than 100 interviews with senior IT 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 and 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.