PracticePeople In PracticeHalf of UK accountants not getting bonuses

Half of UK accountants not getting bonuses

Health insurance and pension contributions more popular

A global survey by recruitment group Robert Half International has found that
rather than getting bonuses, accountants and other finance professionals are
being rewarded with health insurance and pension contributions.

In the UK, 48% of accountants said they were not part of any bonus scheme.

In Europe the trend was even more pronounced with nearly two thirds of
finance professionals in Germany (61%), The Netherlands (61%) and Belgium (60%)
stating that their company does not use a bonus system.

The survey also found that globally 33% of accountants were getting
health insurance cover and 32% were receiving pension contributions.

According to the survey, the most common ‘non-traditional’ benefit received
by finance professionals is ‘flexible working hours’.

Ian Graves, managing director continental Europe for Robert Half
International, said: ‘What these results show is that there is extraordinary
variation in the type of benefits employers offer their staff. European
companies in particular are becoming more aware of employee concerns and are
looking to reward staff with benefits that satisfy these concerns. This change
reflects a shift in attitude throughout the financial services industry.’

Related Articles

BDO promotes 1,110 people

Accounting Firms BDO promotes 1,110 people

1m Alia Shoaib, Reporter
Deloitte appoints former RBS Group Strategy Director as partner

Big Four Deloitte appoints former RBS Group Strategy Director as partner

1m Alia Shoaib, Reporter
RSM extends private client legal services with new appointment

People In Practice RSM extends private client legal services with new appointment

2m Austin Clark, Reporter
KPMG makes UK head of automotive appointment

Big Four KPMG makes UK head of automotive appointment

2m Emma Smith, Managing Editor
Grant Thornton expands financial services regulatory team

Accounting Firms Grant Thornton expands financial services regulatory team

2m Austin Clark, Reporter
KPMG hires new head of international tax

People In Practice KPMG hires new head of international tax

2m Emma Smith, Managing Editor
Partner promotion announced by MHA MacIntyre Hudson

People In Practice Partner promotion announced by MHA MacIntyre Hudson

2m Austin Clark, Reporter
BDO strengthens Bristol team with new audit partner

Accounting Firms BDO strengthens Bristol team with new audit partner

2m Austin Clark, Reporter