Accountants expecting 18% bonus this Christmas
Average expected bonus is up to £11,587 for the Christmas season
UK ACCOUNTANTS are expecting an 18% bonus this Christmas, according to specialist financial recruiter Marks Sattin.
The average expected bonus is up to £11,587 for the Christmas season, compared to £11,012 in 2012, a 15% increase.
Marks Sattin, which surveyed 656 accountants, found that the total bonus pot across the profession is estimated to be around £3.4bn for the season, compared to £3.1bn in 2012.
In another survey the recruiter found that the importance of financial incentives is becoming more prevalent for accountants, with 30% of those surveyed (2,016) claiming this as a key reason for leaving their last role in 2013 – compared with 28% in 2012.
This is now the second most common reason for changing jobs for accountants, according to the recruiter; overtaking “seeking a new challenge”. However, the most popular reason for leaving remains career development.
Dave Way (pictured), managing director Marks Sattin, said: “Remuneration is growing in importance for accounting professionals and managers should be aware of this when it comes to bonus season. However, the itch of a stagnant career is something no amount of money will scratch, so equally important is a focus on talent management and career progression.”