Accounting & Finance 2018 Salary Guide
With salary ranges for over 270 permanent positions, the Robert Half 2018 Salary Guide is your comprehensive resource for the latest remuneration and recruitment trends affecting accounting and finance, financial services, technology, and administrative professionals across the UK. Download your copy today to confidently benchmark salaries for new hires, plan your budgets and better understand the hiring environment. Do you know the market value of your employees?
Download the 2018 Salary Guide
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Finding skilled candidates can be a challenge
As investment in digitalisation, business transformation and finance automation continue, the hiring landscape has shifted to focus on finding employees with the right skills and experience. With 46% of businesses looking to create new teams to implement these projects and 31% of CFOs planning to hiring new people adding pressure to war for talent as 92% of CFOs find it challenging to find people with the necessary skills.
Developing talent is increasingly important
As businesses struggle to find mid-to-senior level professionals with the necessary skills, more are investing in junior accounting and finance professionals and taking a longer-term approach. Cultural fit becomes a decision-making factor with firms then investing in IT training (43%) and improving their analytical skills (64%) whilst ‘on the job’.
Remuneration trends towards complete packages
On the whole, salaries are set to increase for finance and accountancy roles – and especially for candidates with specialist skills or industry-specific experience. In fact CFOs are planning to review salaries of their finance department to keep hold of top talent – but 14% of CFOs also said that bonuses would be lower. More widely, many businesses were reviewing the entire remuneration packages they offer, rather than just base pay.
Salaries by Sector
Download the guide to access 2018 salary projections and the key recruitment trends affecting your sectors:
Skills shortages are very much the driving force for the financial services marketplace, with a majority of businesses believing demand is outstripping supply combined with a lack of experienced professionals readily available. Businesses are having to be more creative in their remuneration packages, and also turning to more interim and contract employees. Read more in the Financial Services Salary Guide.
Technology continues to be one of the most heavily-invested areas for business growth and development. Digitalisation and automation projects are driving demand for skilled professionals and developers. As demand outstrips supply for key skills, read more about how recruitment processes are having to step up and discover in-demand roles in the Technology Salary Guide.
Demand for experienced administrative personnel remains strong across the UK, in step with business growth plans. Professionals are increasingly seeking development opportunities and the highest quality candidates are choosing to work with companies offering flexible benefits packages and salaries in line with largest nearby cities. Discover which top skills and qualifications are commanding higher administrative salaries in the Administrative Salary Guide.
Check and compare regional salaries using our 2018 Salary Calculator. It gives you instant access to average salary ranges in your local area for accounting and finance, financial services, technology and administrative roles.