Accountancy contracts outstrip salaries in London

by Rachael Singh

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22 Jun 2012

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ACCOUNTANCY SALARIES in the South East and London saw the highest rise in the last year, according to a survey.

The Robert Walters 2012 Salary Survey showed that permanent salaries in London increased 0.8% and contract rate salaries increased 7.8% compared to the start of 2011 and the end.

However, Manchester fared worse, with permanent salary growth in the city declining 1.3% in 12 months and contract rates also falling 3% in the region.

Jon Stringer, associate director of contract accountancy recruitment at Robert Walters, said: "The notable increase we have seen in contract pay highlights where the business priorities of many organisations lie.

"In particular, due to a significant number of mergers and acquisitions occurring recently, we have seen an increase in employers introducing new financial systems and processes. This has led to increased demand for accountants with specific niche skills to deliver the solutions these organisations are looking to achieve."

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