Recruitment and salaries to pick up, say accountants

by Kevin Reed

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19 Jan 2012

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MORE THAN HALF of finance professionals expect their companies to hire at the start of 2012.

Morgan McKinley's survey of 350 senior accounting and HR professionals found 52% expect recruitment at the start of the year.

Some 48% expect their salaries to increase, with a further 14% expecting salaries to grow elsewhere in the business.

More than half (58%) anticipate bonuses will be up to 20% of base salaries in 2012.

Chris Leeson, COO, Morgan McKinley Accounting, Finance & Support UK, said: "This cautiously positive sentiment from our survey respondents illustrates the start of jobs market recovery that we saw in 2011 for accounting and finance professionals and the business support jobs market.

"Commercial organisations really started to increase their hiring of accounting professionals in 2011 compared to 2009 and 2010. Professional services firms are also showing greater inclination to hire new staff, particularly in specialist and advisory-related functions.

"However the public sector has seen a marked decrease in hiring activity in the last year due to Government austerity measures forcing cutbacks."

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