Audit Working Hours

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have learned that perspectives are positive for the accountancy profession in the UK as bonuses and salaries have raised.

According to research from accountancy recruiter Marks Sattin, The average basic salary for accountants slightly improved over the last 12 months by 0.4%, taking it to £67,083. In addition, more than three quarters expect to see their salaries increase further over the next 12 months.

Speaking in terms of bonuses, the average bonus for an accountant in the UK now stands at £10,733, 16% of annual salary. The total bonus pot is £1.2bn this year – £100m more than in 2013/14. This year the number of accountants who received a bonus jumped from 53% to 61%.

Dave Way, managing director of Marks Sattin recently declared regarding this figures “Accountants are sharing a bumper bonus pot this year, riding high on the back of the economic recovery”.

Mentioned research also shows that only 27% of accountants said that they were expecting their organisations to make budget cuts over the year ahead, with only 21% predicting a salary freeze. More than a quarter (27%) feel very secure in their current role, while 61% feel generally secure.

Good perspectives has led to an openness to job moves among accountants; only 28% actively rule out moving jobs in 2015, and 32% said that they will be looking to find a new role. According to recent researches, to move jobs a typical accountant would look for a salary premium equivalent to 15% of their basic package.

 

For jobs with some of the leading international consulting firms across the world as well as tier one multinationals, please contact Audit International on 0041 4350 830 95 or else email your current cv to info@www.audit-international.com

 

According to a recent survey, there has been an increase in the average working week of risk professionals. The number of auditors who say they regualry work more than 50 hour week has significantly grown. However it is not all bad new as they are very well paid for their overtime.

More than 40 per cent of risk professionals reported working 50 or more hours a week in 2014, a year-on-year rise of 11 per cent since 2013.

Typically the ordinary working week for risk professionals also increased, from 45.5 hours to 45.9 hours. However, only one in ten respondents said they worked regular overtime – considerably fewer than in HR (46 per cent), change management (41 per cent) or compliance (33 per cent). Similarly, only 16 per cent of risk specialists work over the weekend at least once a fortnight, compared with an average of 22 per cent across the wider financial services market.

Risk professionals are seemingly more incentivised by increased pay and benefits than other factors.

Nearly 70 per cent said remuneration is “very important” to job satisfaction, above both work-life balance (57 per cent) and status and responsibility (21 per cent). Only a quarter said that an interesting workload was “very important”, far fewer than professionals in marketing (71 per cent), HR (54 per cent) or procurement and supply chain (52 per cent).

Around a third of risk professionals said they would leave their jobs because of a disappointing salary review, a larger number than in compliance (24 per cent), financial services (21 per cent) or change management (9 per cent).

 

For jobs with some of the leading international consulting firms across the world as well as tier one multinationals, please contact Audit International on 0041 4350 830 95 or else email your current cv to info@www.audit-international.com