Financial controllers to see 'highest salary rises'
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
|Role||Salary increase||Salary band|
|1. Mobile applications developer||7.4%||£32,500 - £61,500|
|2. Web developer||7.3%||£36,500 - £55,000|
|3. Junior compliance associate||6.8%||£22,500 - £36,500|
|4. Information security manager||6.6%||£63,250 - £97,000|
|5. Operation risk manager||5.7%||£53,500 - £90,500|
|6. Financial controller||3.9%||£76,500 - £104,500|
|7. Senior finance manager||3.7%||£54,250 - £64,750|
|8. Financial business partner||3.6%||£47,000 - £59,750|
|9. Regulatory accountant||3.5%||£55,250 - £75,500|
|10. Qualified management/financial accountant||3.5%||£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