Research shows increase in accountancy jobs and salaries

Research from CV-Library has shown an increase in jobs and salaries in the accountancy sector in the first quarter of 2018.

The study compared the number of job applications, jobs and salaries in Q1 with the first and fourth quarter of 2017 and found that the number of jobs in the accounting sector increased by nearly a quarter year-on-year.

Positive

The study showed that the accounting sector saw a positive start to 2018, with application rates for jobs increasing by 32.5% year-on-year.

Salaries in the sector were up by 2.9% from the previous quarter and 1.7% compared with the previous year, with both outpacing the UK average of 1%.

This comes after research from recruitment firm Hays found that more than 50% of professionals in the finance sector were not happy with their pay and 69% had received no performance bonus in the past year.

CV-Library’s figures also showed a positive start to the year for London in terms of job growth, with job vacancies in the city up by 15.1% quarter-on-quarter, whilst advertised salaries increased by 1.9% quarter-on-quarter and 1.7% compared with Q1 2017.

Comfortable

Commenting on the figures, CV-Library Managing Director Lee Biggins said: “It’s positive that salaries saw an increase in the last quarter and this could be a big contributing factor towards the rise in application rates when compared with Q4.”

He added: “With accounting professionals feeling more comfortable about making their next career move, businesses across the industry need to continue to offer competitive packages if they hope to keep the momentum going.”