2016 Accounting and finance salaries in Edinburgh
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Transcript of 2016 Accounting and finance salaries in Edinburgh
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The stronger labour market is being driven by increased
confidence among employers and workers alike
HIRING TRENDS IN ACCOUNTING AND FINANCE
CONFIDENCE IN EDINBURGH
EXPANDING TEAMS
As a result, 40% of Scottish businesses are reliant
on interim professionals for management or
C-suite roles
PERMANENT STAFF IN SHORT SUPPLY
Businesses are adding headcount to their accounting
and finance teams
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RECRUITING FINANCE PROFESSIONALS IS A CHALLENGE
88% of CFOs are challenged in finding skilled professionals in Edinburgh
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SPECIALIST PROFESSIONALS ARE HARD TO FIND
LACK OF NICHE, TECHNICAL TALENT
1LACK OF COMMERCIAL,
BUSINESS SKILLS
3GENERAL DEMAND OUTWEIGHS SUPPLY
2
TOP THREE REASONS FOR THE SKILLS SHORTAGE
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FIVE HOT SKILLS AND QUALIFICATIONS FOR 2016
• ACA/ACCA/CIMA with 5–10 years’ post-qualification experience
• Part-qualified CIMA/ACCA with management accounting skills
• Technology and software skills in advanced Excel/SAP/Sage
• Business partnering and communication skills
• Financial modelling
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PERMANENT ROLES IN DEMAND
• CFOs and finance directors with strategic and commercial skill sets
• Financial controllers/business partners
• Qualified/part-qualified management accountants
• Credit controller/purchase ledger, sales ledger and payroll clerks
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TEMPORARY AND INTERIM ROLES IN DEMAND
• Financial transformation/system improvement experts
• Financial reporting professionals
• Financial planning and analysis professionals
• Accounts assistants, credit controllers, and purchase ledger clerks
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SALARIES EDINBURGH
Chief Financial Officer/Group Finance Director
SME £84,100 - £103,600 £84,400 - £110,700 3.9%
Large £93,200 - £143,900 £93,500 - £148,800 2.2%
Finance DirectorSME £61,300 - £100,600 £62,200 - £105,800 3.8%
Large £74,500 - £123,500 £75,000 - £128,200 2.6%
Qualified Management / Financial Accountant
SME £34,200 - £40,600 £34,700 - £42,100 2.6%
Large £43,300 - £55,800 £43,800 - £58,800 3.5%
Financial ControllerSME £46,500 - £62,200 £47,700 - £64,200 2.9%
Large £56,100 - £64,700 £56,600 - £68,100 3.3%
Financial Business PartnerSME £44,500 - £52,900 £44,500 - £55,600 2.8%
Large £46,500 - £54,900 £46,200 - £58,800 3.6%
JOB TITLE COMPANY SIZE 2015 2016 % CHANGE
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SALARIES EDINBURGH (CONTINUED)
63% of CFOs have offered a higher salary than originally planned to secure a talented professional
Financial Planning & Analysis Manager
SME £60,800 - £67,200 £61,300 - £69,600 2.3%
Large £62,500 - £69,900 £62,700 - £73,100 2.6%
Financial AnalystSME £36,700 - £43,800 £36,900 - £46,700 4.0%
Large £38,400 - £49,000 £39,100 - £51,700 3.9%
Credit ControllerSME £16,500 - £25,300 £17,000 - £26,100 2.9%
Large £19,400 - £28,000 £19,700 - £29,300 3.1%
Payroll Administrator/ClerkSME £17,700 - £21,900 £18,200 - £22,400 2.5%
Large £19,900 - £24,800 £20,400 - £25,300 2.2%
Purchase/Sales Ledger ClerkSME £16,200 - £24,100 £16,500 - £24,800 2.4%
Large £20,400 - £26,600 £20,900 - £27,300 2.6%
JOB TITLE COMPANY SIZE 2015 2016 % CHANGE
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RETENTION A KEY CONCERN IN EDINBURGH
78% of CFOs in Edinburgh are concerned about losing top financial performers
43%
A RISE IN REMUNERATION OR BONUSES TO CURRENT
EMPLOYEES
50%
CAREER DEVELOPMENT OPPORTUNITIES
IN A BID TO KEEP TOP PERFORMERS, BUSINESSES WILL BE OFFERING:
40%
FLEXIBLE WORKING OPPORTUNITIES
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REMUNERATION TRENDS FOR EXISTING STAFF
20% of CFOs
EXPECT TO INCREASE BONUSES AWARDED
50% of CFOs
PLAN TO INCREASE SALARIES
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DOWNLOAD THE 2016 SALARY GUIDE
For more accounting and finance salary and hiring trends, download the full Robert Half 2016 Salary Guide at roberthalf.co.uk/salary-centre
2016SALARY GUIDE