Salaries and bonuses increase for accountants in the UK

Posted by | May 21, 2015 | Audit Salary, Audit Working Hours, Big 4 Accounting firms, FTSE 100 companies, Latest Audit Information & News

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.


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