Financial controllers to see 'highest salary rises'

By Isabelle Bell, CA Today

24 November 2015

Financial controllers, regulatory accountants and senior finance managers are among the professions that will see the highest salary increases in 2016, according to new research.

The highest salary rises across all professions will be in technology, risk management, and finance and accounting roles, the Robert Half 2016 Salary Guide said, with accountancy positions making up half of the top 10 list.

Financial controllers will see the highest average increase in earnings among accountancy positions next year (3.9%), with a salary band of £76,500 - £104,500. The report said people working in these roles are the “lynchpins of every organisation” as they “ensure businesses are both compliant and solvent”.

Financial business partners can expect their salaries to increase by 3.6% in 2016 (£47,000 - £59,750). People working in these positions that can communicate with the rest of the organisation and are able to analyse trends are in high demand, the report said.

Regulatory accountants and qualified management/financial accountants will also see healthy salary rises of 3.5% in 2016.

The top 10 roles

RoleSalary increaseSalary band
1. Mobile applications developer7.4%£32,500 - £61,500
2. Web developer7.3%£36,500 - £55,000
3. Junior compliance associate6.8%£22,500 - £36,500
4. Information security manager6.6%£63,250 - £97,000
5. Operation risk manager5.7%£53,500 - £90,500
6. Financial controller3.9%£76,500 - £104,500
7. Senior finance manager3.7%£54,250 - £64,750
8. Financial business partner3.6%£47,000 - £59,750
9. Regulatory accountant3.5%£55,250 - £75,500
10. Qualified management/financial accountant3.5%£44,500 - £59,750

Phil Sheridan, Senior Managing Director of Robert Half, said that the greatest salary increases indicate where the imbalance between supply and demand is the highest.

He said: “This is creating upward pressure on salaries for hard to fill roles such as applications developers, compliance experts and information security managers who are so essential to organisations operating in today’s fast-evolving yet tightly regulated commercial environment.

“Employers are having to move quickly to secure the best candidates and are offering other benefits to attract top professionals such as flexible working, annual leave and career breaks.”

Robert Half said that overall salaries across all professions are predicted to rise by an average of 3% in 2016, up from 2.6% this year.

Source: Robert Half UK


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