October 11 ,2016 | by Claire Payne

Salaries to increase in finance and accountancy roles

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Recruitment agency Robert Half has found that starting salaries for finance and accountancy jobs are expected to increase by an average of 2.9 per cent in 2017.

The company has predicted that starting salaries in finance and accountancy roles will rise across more than 100 roles.

Increases

The survey showed that financial planning and analysis managers expected to receive the biggest pay rise at 5.8 per cent.

Accountants and financial analysts are predicted to receive a pay rise of 3.8 per cent, whilst internal audit managers and financial accountants with up to three years of post-qualified experience could see pay rises of 3.7 per cent and 3.6 per cent respectively.

Compliance, accounting and business and financial analysis are the most difficult job roles to recruit for, which is shown in the higher-than-average salary predictions.

Challenges

According to Robert Half UK, UAE and South America Senior Managing Director Phil Sheridan, “the growing skills shortage is one of the key challenges for any organisation to overcome.”

He added: “Competition for the best people is intensifying and as this year’s guide demonstrates, salaries for hard to fill roles continue to rise and outpace the average salary by a significant margin.”

Claire Payne is a journalism graduate and News Writer for LSBF. She writes about SMEs, education and careers, entrepreneurship, women in business, and sustainability.

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