Financial Services 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?
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Skills shortages are impacting recruiting trends
The skills shortage driven by big data analytics and regulatory compliance projects is underpinning staffing strategies for financial services firms. Fifty-nine per cent of firms believe demand is outstripping supply and 51% admit to struggling to find suitably experience candidates. To help fill their immediate needs, businesses are turning to interim and contract employees and easing their way towards developing permanent staff with the skills needed.
58% of businesses will offer pay rises
The majority of financial services firms plan to award salary increases in 2018 – and employee preferences linked to candidate shortages is driving businesses to have to prioritise this over other benefits. Benefits packages are typically sweetened with significant bonuses, generous pension packages and company contributions (5-10%), private medical care, 25+ days annual leave and life assurance policies amongst other available options.
Traditional training is increasingly valued
Professionals with 'big four' and 'top 25'-trained practice firms experience are in growing demand, particularly for analyst and business partnering roles. High salaries and generous bonus structures are attracting top performers – especially in junior to mid-level roles, as businesses look for long-term employees to enhance their internal talent pipeline.
Salaries by Sector
Download the guide to access 2018 salary projections and the key recruitment trends affecting your sectors:
The market for skilled, high-performing accounting and finance professionals is very competitive and this is increasingly reflected in the salaries and benefits on offer. Junior to mid-level roles are seeing the biggest increase in demand as businesses look to hire and develop employees for the long-term. Find out more about the important recruitment and salary package trends impacting finance and accounting professionals in the Accounting & Finance 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.