Bumper bonus expectations for accountants
Salary growth over the last four years means that a 19% bonus now equates to 22% more in monetary terms than in 2010/11, when it amounted to £10,438
ACCOUNTANTS are rubbing their hands in glee at the prospect of receiving their biggest bonuses in four years, new research reveals.
The average bonus for 2014/15 is expected to be 19% – up from 17.5% in 2013/14 – a figure last achieved in 2010/11, according to the latest research from specialist recruiter Marks Sattin. This equates to a £12,691 cash injection.
Salary growth over the last four years means that a 19% bonus now equates to 22% more in monetary terms than in 2010/11, when it amounted to £10,438. Accountants are set to receive an extra £2,253 this year.
On average, the extra pay translates to a bonus of £12,691 during bonus season (Christmas 2014 to March 2015). The figure marks an extra £1,007 on the 2013/14 bonus. It is also 22 per cent higher in money terms than the 2010/2011 bonus of £10,438. The rising amount reflects the UK’s strong economic growth.
Dave Way, managing director of Marks Sattin, said: “Accountants clearly feel that their bonus prospects are good this year and are looking forward to a larger windfall that reflects the improving outlook for many businesses in the sector.
“There is a sense that activity and output are on the rise, and a clear expectation that bonuses will be carried with them. After bonuses dropped in 2011/12, the sense of malaise has been well and truly shaken off as the economy has turned a corner and brought a new optimism to the sector.”