2018 Salary Survey Accounting &...

© Classic Consulting (UK) Ltd 2018 Salary Survey | Accounting & Finance

2018 Salary Survey

Accounting & Finance

Sussex & South East Regions

Prepared by Classic Consulting (UK) LtdYour Multi Award Winning Recruitment Specialists


Hello and Welcome!

Given the climate of change in 2018, our comprehensive analysis of the Accounting & Finance Sectors may prove invaluable to both experienced and aspiring professionals working within the South East and Sussex today.

This specialist Salary Survey presents a crucial view of what organisations perceive to be their current employment challenges, plans for the year ahead and the types of skills in high demand.

We trust you will find the information within to be both timely and relevant for your workforce planning.

For a confidential discussion on your unique requirements, please contact our friendly and professional team at any time on 01273 607129.

We hope you enjoy!

Denise Buchan, MDClassic Consulting (UK) Ltd


Despite ongoing uncertainty over Brexit, Accountancy & Finance recruitment within the South East and Sussex Region was particularly was buoyant for much of 2017.

The recent trend of moving roles offshore also slowed down during the year, resulting in more sector vacancies here in the UK.

The FMCG market has moved from strength to strength and has continued to be the strongest recruiting sector for the 5th year running.

Employees will be actively on the move seeking greater career opportunities. Employers will be focused on hiring the right skills they need in a changing environment.

This should create good career opportunities for candidates. To secure the best people, with the most sought after skills, employers may need to review the balance of their reward structures.

Above all, employers will need to act quickly and decisively as competition is sure to be as fierce as ever.

2018 Salary Survey

Accounting & Finance Summary


We have been surprised with how resilient the market for permanent roles has been, especially when considering the subdued nature of temporary roles on offer.

Traditional trends would point to a higher volume of interim vacancies in such economically uncertain times, but this hasn’t been the case outside of London. We believe this is due to many businesses rebalancing the workforce after becoming overly dependent on interim staff in recent years as well as Brexit making employers more cost conscious.

There has also been a significant trend in businesses looking to create more gender balance at the most senior level; with employers proactively seeking women in senior positions to join team or even requesting balanced shortlists. However, this has proved challenging and highlighted the lack of gender diversity and in some cases diversity in general at the most senior level.

Did you know…

Nearly 2.2 million people work across the UK in financial and related professional services, and more than 2/3 are employed outside London.

2.2MillionPeople!

Brighton is a financial hub, with nearly

financial professionals.*

*TheCityUK special report on Financial and Related Professional Services Industry

14,000

Accountancy & Finance Recruiting Trends


2018 Accountancy & Finance Salary SurveyCommerce & Industry


2018 Accountancy & Finance Salary SurveyPublic Practice | Financial Services


2018 Accountancy & Finance Salary SurveyFinancial Services


Qualities & skills in demand

For those aspiring to move into CFO or finance director roles, the key experience being demanded is relevant sector experience, as organisations seek to appoint seasoned specialists to their senior leadership vacancies.

We advise that candidates gain experience in at least two sectors to keep their options open and to gain a breadth of experience.

Given the volatility of the economy over the last decade, clients are looking for individuals who can lead a business through any unforeseen challenges. Ensuring you gain experience in all aspects of finance; technical, commercial, FP&A, reporting, systems, transformation, operations, M&A, bids, procurement and refinancing create a well-rounded CV with an understanding of all aspects of the business.

Did you know…

Finance professionals tend to stay within the industry, and over half the sector workforce in the UK have between 5 and 20 years experience.*

20 Yearsexperience

40% of finance professionals

have between 1 & 4 years

experience.*

**PayScale%40


Career trajectory for finance professionals

Common career paths within the finance sector. Information courtesy of PayScale

https://www.payscale.com/research


For those candidates looking for a salary increase, it is important to discuss this with your employer. Employers should ensure that they have set clear objectives and targets that can lead to pay rises, this is particularly important with more millennials moving into the workforce.

The candidates that received the biggest salary increases in 2017 were those with strong academic backgrounds and a track record of internal promotions. Often, these candidates were passively looking for a new role, meaning that they were in a position to wait for the right role and more likely to negotiate a better deal.

For genuine talent, hiring managers are prepared to offer competitive incentives to sway passive candidates to jump ship, offering higher rates and bonuses.

Comparatively, candidates actively seeking a new role found it far more difficult to negotiate significant increases.

Career Advancement Opportunities


The data included in this Salary Survey is intended as a guide only, and can be influenced by many factors unique to your organisation.

As such, the final rates of pay you settle on for your new hires may differ from those outlined in this report.

Data has been compiled using up-to-date information from a variety of sources including placements and job offers

by clients, candidate disclosure of salary information, the collective experience of our specialist consultants and an average of advertised salaries on the leading job boards in the region.

Our summary and recruiting trends reports are based on the survey findings of almost 7,000 employers and employees, from organisations of all sizes, across all sectors.

About Our Data

Data Methodology


Multi-Award Winning Recruitment that dares to be different

Thank you.

Classic Consulting (UK) Ltd is one of Sussex’s leading recruitment consultancies. We place the market’s most highly skilled professionals on a temporary, permanent and interim basis.

Classic Consulting (UK) LimitedImperial House 40-42 Queens Road Brighton BN1 3XB

Telephone: 01243 607129 Email: [email protected]: www.classicconsulting.co.uk

For our full library of Salary Surveys and Recruitment Guides, visit our website at: www.classicconsulting.co.uk/salarysurveys

mailto:[email protected]

http://www.classicconsulting.co.uk

http://www.classicconsulting.co.uk/salarysurveys

2018 Salary Survey Accounting &...

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