BusinessPeople In BusinessAccountants have itchy feet despite 5% pay rise

Accountants have itchy feet despite 5% pay rise

Many accountants looking to move in the next 12 months, despite seeing their salary and bonus increase

ACCOUNTANTS’ PAY has skipped up by more than 5% in the past year, according to a survey by Marks Sattin.

Salaries increased by 4.3%, to £66,795 in 2013/14, while the average bonus was 17.5% (up from 17.2%). In addition, 53% of accountants received a bonus compared to 47% a year earlier.

However, only 46% were satisfied with the pay, and 39% of respondents stating they would actively look for a new job in the coming 12 months.

Dave Way, Marks Sattin MD said: “Increasingly onerous regulatory pressure and demand for growth mean quality accountancy talent remains integral – a fact shown by the year on year increase in salaries.

“In many sectors businesses are pulling back on bonuses and focusing on the stability that salary growth brings but the fact that accountants are seeing growth in both shows the high premium companies are placing on talent retention.”

Eight in ten accountants said they felt secure in their role, and 66% are expecting salary growth in the coming year. One-third said headcount increased in their team and 59% said that business growth or expansion was the reason for this.

“Expansion, career development and salary rises have returned to the fore of peoples’ minds after a few years of relative stability and consolidation,” Way added.

Related Articles

CIMA: Management accountant salaries growing at twice the national average

Institutes CIMA: Management accountant salaries growing at twice the national average

1y Richard Crump, Writer
Management accountancy salaries rise at twice national average

People Business Management accountancy salaries rise at twice national average

2y Chris Warmoll, Writer
Starting salaries for accounting roles to rise 2.2%

People Business Starting salaries for accounting roles to rise 2.2%

2y Richard Crump, Writer
Executive salaries set for modest rise

People Business Executive salaries set for modest rise

6y Kevin Reed, Writer
Eight out of 10 accountants expect pay hike in 2015

Accounting Firms Eight out of 10 accountants expect pay hike in 2015

3y Chris Warmoll, Writer
FTSE 100 exec pension pay falling

Consulting FTSE 100 exec pension pay falling

4y Richard Crump, Writer
Revenue accountant most demanded role in 2012

People Business Revenue accountant most demanded role in 2012

5y Richard Crump, Writer