A FIFTH of chartered accountants are looking to move into new role to progress their career and earn more money, according to the ICAEW.
Its survey of members, undertaken by recruiter Stott and May, found one in five are currently looking to move jobs, with a further 15% likely to move in the next year. Those under 30, and in large companies, are most likely to move.
"With more ICAEW chartered accountants considering a new job to progress their career, I think it indicates that people are feeling more secure about job opportunities and it is another sign of the economic recovery," said Sharron Gunn, ICAEW executive director, commercial.
Career progression is cited as the biggest motivator for changing jobs (35%), with a salary increase (26%) and better work-life balance (18%) other popular reasons. More in the public sector are currently looking for a new role compared to other sectors.
Another reason might be that salaries have been static, with the average basic salary at £90,800.
"[They] are telling us they want to progress their careers and gain all the benefits that come with it. It is more than just salaries, they want to take on more responsibility and have greater involvement with senior management - particular among financial controllers and heads of finance," Gunn added.
You may also like
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.