CIMA Poland part qualified salary survey 2010

CIMA salary survey 2010 – Poland

Foreword 1

Executive summary 2

Main findings 3

Salaries and bonuses 3

Sector 3

Job role 3

Recruitment and retention 4

Satisfaction with salary and benefits 4

Importance of benefits 4

Working hours 5

Skill set requirements 5

Geographical mobility 6

One word to describe CIMA difference 6

Technical information 7

Further information 7

Global contacts 8

1

Foreword

On behalf of the Chartered Institute of Management Accountants

(CIMA), I would like to welcome you to our second global part

qualified salary survey. The results in this report will provide you

with an insight into the current employment experiences and career

aspirations of the business leaders of tomorrow – CIMA’s Polish

student base.

Despite ongoing economic instability in many regions around the

world, our report shows a strong relationship between our students

and their employers. Businesses are looking to their professionally-

qualified management accountants to help guide them through the recession and on to

sustainable success. This gives our students a greater sense of job security than those studying

for many other professional qualifications.

Our global survey clearly shows that most of our students believe they are recession-proof.

92% do not anticipate being affected by redundancy in 2010.This response could also reflect

an increasingly optimistic view of the general economic conditions: this percentage is even

higher than the level of confidence felt by students in last year’s survey (83%). Moreover,

nearly two thirds are feeling positive enough to make a job move in the next two years,

although with this feeling of security comes higher expectations. This year, just 51% of

students are happy with their current salary compared with 58% in 2009. The drop could

indicate a greater sense of professional value as the downturn lifts.

In Poland, the average monthly student remuneration package (salary and bonuses) is

PLN13,000. In terms of job security and satisfaction, Polish students provided some of the

most positive results in our survey. A total of 72% said they were either satisfied or extremely

satisfied with their salary - the highest percentage of any country. Almost three-quarters (72%)

felt the same about the benefits they receive - the second highest percentages in the survey.

In terms of benefits, Polish students are among the highest proportion to expect a bonus

(86%). Job security and satisfaction are also remarkably good compared with other countries.

None of those surveyed were worried about redundancy although 38% anticipate a pay freeze.

Our students’ sense of professional value is also reflected in the 69% who intend to change

jobs in the next two years.

Overall, the global survey reinforces the fact that a growing number of students are finding

that CIMA’s professional accountancy qualification is the best way to develop their career

potential. In 2009 we saw a second year of record student growth and, for the first time, a

majority of our new students (56% of the total) were based outside the UK.

Please read through the following pages to find further snapshots of our students’ working lives.

I hope you find it informative reading.

Charles Tilley

Chief Executive

CIMA

2

Executive summary

According to the International Monetary Fund (IMF), growth in 2009 was expected to

decline by close to 5% in the euro zone, and countries such as Bulgaria, Romania and the

Baltics were likely to experience particularly sharp recessions.

Poland has fared relatively better than many countries in the European Union, and despite

a slowdown amid the global economic crisis, recorded 1.7% growth in 2009 compared with

the previous year. As the only member of the EU to have enjoyed growth in 2009, the IMF is

expecting a continued recovery in domestic demand, with the economy expected to expand

by 2.75% in 2010 and 3.25 % in 2011.

The second annual global salary survey of CIMA students was carried out in February 2010.

A total of 2,563 employed students (who had sat an exam within the last two years under

the 2005 CIMA qualification structure) contributed to the survey of which 29 responses

were from Poland. This report summarises the results of this survey with a particular focus

on Poland, looking at how recent economic events are impacting on salary levels and benefit

packages experienced by CIMA students working there. Please note that due to small base

numbers, only indicative results are given for Poland. The results should be viewed with

caution when compared to global averages.

Overview

• The average CIMA student’s monthly salary in Poland is PLN11,760.

• The average bonus across all students is PLN1,240, giving a total monthly remuneration

package of PLN13,000.

• 14% are not expecting to receive an on target earnings bonus in 2010. For those

expecting a bonus, the average is PLN1,290; 13% of their remuneration package.

• 38% of students anticipate a pay freeze in 2010.

• The vast majority are happy with their salary, with nearly three-quarters (72%) extremely

satisfied or satisfied. This is the highest salary satisfaction level of any country, with the

global average being 51%.

• The most highly desired benefits are bonus and private healthcare. The benefits most

likely to be received are healthcare (93%), followed by mobile phone (66%) and bonus

(48%).

• Overall 72% are extremely satisfied or satisfied with the benefits they receive. Again this

is almost the highest level of any country, the global average being 67%.

• Project management (45%), personal development (45%) and leadership (41%) are the

main focus areas for skills development in the next 12 months. Other priorities include

strategic planning and implementation, budgeting, and persuading and influencing,

identified by 31% of respondents.

• Over two-thirds of students (69%) intend to change jobs within the next two years, with

around one-quarter expecting to move jobs within the next year.

3

Main findings

Salaries and bonuses

The average basic monthly gross salary is PLN11,760 plus a PLN1,240 bonus, producing a

total average package of PLN13,000.

Almost one-quarter (23%) of students in Poland earn the upper salary level of PLN15,000

and over, and approximately one-fifth (19%) earn between PLN12,000 and PLN14,999 per

month. However, almost one-quarter (23%) earn PLN7,999 or less. The remaining 35% earn

between PLN8,000 and PLN11,999.

With 86% expecting a bonus in 2010, Poland is one of the countries with the highest

proportion of students expecting to receive a bonus, along with Malaysia, India, Hong Kong

and Sri Lanka. For those expecting to receive a bonus, it equates to 13% of their package on

average, or PLN1,290.

None of the respondents in Poland expect to be affected by a salary reduction, redundancy

or a shorter working week in 2010. However, 38% of students do anticipate a pay freeze

(close to the global average of 39%).

The overwhelming majority of students (83%) live in Warsaw.

Sector

CIMA is important to the broad base of industry in Poland with the banking, finance and

insurance, accountancy, and ICT, technology and telecoms sectors employing the higher

proportion of CIMA students; 21% each.

Given the low base numbers it is unreliable to make salary comparisons across the sectors.

The majority (83%) work for organisations employing at least 500 staff internationally.

Job role

In terms of fitting into the business, organisational structure is traditional, as 76% of

respondents sit in the finance division. A further 14% reside in operations.

Almost one-quarter of students are employed as finance managers. One-fifth of respondents

describe their role as management accountant, and a further one-fifth are finance/business

analysts demonstrating the strategic nature of student’s roles.

• On average CIMA students monthly salary is PLN11,760

• The average bonus is PLN1,240 across all respondents

• 14% don’t expect to receive an on target earnings bonus in 2010

Polish students are among the highest proportion to expect a bonus (86%).

4

Recruitment and retention

Satisfaction with salary and benefits

The vast majority are happy with their salary, with nearly three-quarters (72%) extremely

satisfied or satisfied. The same proportion are happy with the level of benefits they receive.

On both accounts Poland is notably more satisfied than average, as global salary satisfaction

is 51%, and satisfaction with benefits is 67%. Only Hong Kong is comparable for benefits

satisfaction levels.

Importance of benefits

As with most other countries, students in Poland attach significant importance to receiving

healthcare and a bonus, considered to be extremely important by 43% and 41% of

respondents respectively. Students also believe a contribution to CIMA fees and study leave

are important benefits.

The least favoured benefits include leisure facilities, mortgage relief and share options, only

considered to be extremely important by just 4%, 7% and 4% respectively.

Importance of benefits (mean score) by benefits received 5 = extremely important & 1 = not at all important

Healthcare and bonuses are highly received benefits in Poland – 93% and 48% of students

receive these respectively. However, while mobile phones are not considered as important,

66% of students receive one. Less than one-fifth (17%) receive a pension. Only 28% benefit

from flexible hours and 31% receive study leave, both of which are regarded as relatively

important benefits. Reassuringly, some 45% of students benefit from contributions to CIMA

fees, the third most important benefit for students and reflects the perceived value of CIMA

qualifications to organisations in Poland.

4.4 4.44 4 3.8 3.8 3.7 3.7 3.6 3.6 3.6

3.3 3.3 3.2 3.1 3.1 3 2.9 2.9 2.8 2.6 2.5

Hea

lthc

are

Bonu

s

Con

trib

utio

n/p

aym

ent

of C

IMA

fees

Stud

y le

ave

Com

pany

car

/allo

wan

ces

Pens

ion

Flex

ible

hou

rs

Wor

king

from

hom

e

Bonu

s as

an

ince

ntiv

e fo

r pa

ssin

g ex

ams

Extr

a ho

liday

s

Pay

rise

as a

n in

cent

ive

for

pass

ing

exam

s

Mob

ile p

hone

/Bla

ckbe

rry/

PDA

Life

ass

uran

ce

Trav

el b

enef

its/

allo

wan

ces

Mor

tgag

e re

lief

Sabb

atic

al

Leis

ure

faci

litie

s

Shar

es/s

hare

opt

ions

Chi

ldca

re a

rran

gem

ents

/vou

cher

s

Prod

uct/

serv

ices

dis

coun

t

Seas

on t

icke

t lo

an

Dai

ly s

ubsi

dise

d fo

od

4.5

4

3.5

3

2.5

2

1.5

1

0.5

0

90%

80%

70%

60%

50%

40%

30%

20%

10%

0%

Importance Benefit received

With 72% satisfaction, students in Poland are the most satisfied with their salary and benefits.

5

Working hours

55% of respondents work between 41 and 50 hours per week. Almost one-third (31%)

work between 35 and 40 hours, and only 3% work less than 35 hours per week. The average

working week is 43 hours in Poland, compared with 42 hours globally.

While one-fifth of students are under pressure to increase their number of hours, 72%

expect their hours to remain the same, showing the greatest stability of all countries.

Requirement to work outside normal hours

Skill set requirements

Students in Poland seek to improve their skills in a wide range of areas, particularly personal

development and project management, both of which were identified as priorities by 45%

of students, along with leadership (41%). Other areas include persuading and influencing,

budgeting and strategic planning and implementation mentioned by 31% of students.

21%

7%

Increasing

Decreasing

Staying the same72%

45%

45%

41%

34%

31%

31%

31%

28%

24%

24%

24%

24%

17%

10%

10%

7%

3%

Personal development (e.g. career planning, time management)

Project management

Leadership

Skills for developing others (e.g. assessing performance, coaching)

Persuading and influencing

Budgeting

Strategic planning and implementation

Communication (e.g. negotiating, writing, presenting)

Problem solving

Time management

Reporting and analysis

Decision making

Team building

IT software (MS Excel, Word, Powerpoint, etc.)

Risk management

Internal audit and control

IT (hardware systems)

6

Geographical mobility

Over two-thirds of students (69%) intend to change jobs within the next two years, with

around one-quarter expecting to move jobs within the next year.

The majority of potential movers (65%) want to stay within Poland for their next position,

which may reflect the relative improved state of the Polish economy as a whole.

Of those who are considering overseas positions, the UK, Australia, the USA and Switzerland

are the most popular destinations.

Career plans for the next two years

One word to describe how CIMA is different from other accountancy qualifications....

The size of the font reflects the number of times the word was spontaneously mentioned.

24%31% Stay in current job

Find a new job in Poland

Find a new job abroad

45%

Business-focused

Know

ledge

strategicGlobal

broadRecognisable attractive

QualificationsFocused

DIVERSITY

Professionalism ManagementPremium

elitist

Rational

prestigePractical

challenging

7

Technical information

Data collection for the CIMA Global Part Qualified Salary Survey 2010 was carried out

by CIMA itself online during the period 28 January to 14 February 2010. The data was

subsequently rim weighted (by Redshift Research) by country to ensure the profile of the

survey sample accurately represents all CIMA markets.

13,980 CIMA students globally were selected and invited to participate (UK, Ireland, South

Africa, Sri Lanka, Malaysia, India, Hong Kong, Australia, Mainland China, UAE, Botswana,

Pakistan, Russia, Poland and Zambia). A total of 2,563 completed the study globally (18%

response rate), with 29 respondents from Poland. Due to the low base numbers, only basic

survey results are offered in this report. Basic responses were as follows:

For the purposes of this survey CIMA level data was collected under the 2005 CIMA

qualification structure and refers to those at managerial level, strategic level, TOPCIMA

and passed finalists. For comparison under the 2010 qualification structure these levels are

respectively now known as operational/management level, strategic level, T4 Part B Case

Study and exams complete.

Further information

For further information on technical matters relating to this survey, contact

yourvoice@cimaglobal.com

For further country specific analysis and reports visit CIMA MY JOBS at

http://myjobs.cimaglobal.com/

Both the Chartered Institute of Management Accountants and Redshift Research are Market

Research Society Company Partners. The organisations abide by the Market Research

Society’s Code of Conduct and the Data Protection Act.

 

Table of responses by age band

Under 25 0

25-34 18

35-44 10

45 and over 1

Total 29

Table of responses by gender

Male 16

Female 13

Total 29

Table of responses by CIMA level

Managerial 17

Strategic 2

TOPCIMA 2

Passed finalist 8

Total 29

8

Global contacts

CIMA UK – Head Office26 Chapter StreetLondonSW1P 4NPUnited KingdomT. +44 (0)20 8849 2287F. +44 (0)20 8849 2450E. cima.contact@cimaglobal.comwww.cimaglobal.com

CIMA AustraliaSuite 1305109 Pitt StreetSydney NSW 2000AustraliaT. +61 (0)2 9376 9900F. +61 (0)2 9376 9905E. sydney@cimaglobal.comwww.cimaglobal.com/australia

CIMA BotswanaPlot 50676, 2nd Floor, Block BBIFM Building, Fairgrounds Office ParkGaborone, BotswanaPostal address:PO Box 403475Gaborone, BotswanaTelefax. +267 395 2362F. +267 395 2362/397 2982E. gaborone@cimaglobal.comwww.cimaglobal.com/botswana

CIMA ChinaUnit 1508AAZIA Center, 15th floor1233 Lujiazui Ring RoadPudongShanghai 200120P.R.ChinaT. +86 400 820 4080 +86 (0)21 5528 5119F. +86 (0)21 5228 5120E. infochina@cimaglobal.comwww.cimaglobal.com/chinawww.cncima.com

CIMA Hong KongSuites 1414 – 141514th Floor Jardine HouseCentral, Hong KongT. +852 2511 2003F. +852 2507 4701E. hongkong@cimaglobal.comwww.cimahongkong.com

CIMA IndiaUnit 1-A-1, 3rd FloorVibgyor Towers C-62, G Block,Bandra Kurla Complex,Bandra (East),Mumbai - 400 051T. +91 (0)22 4237 0100F. +91 (0)22 4237 0109E. india@cimaglobal.comwww.cimaglobal.com/india

CIMA Ireland45-47 Pembroke RoadBallsbridge, Dublin 4T. +353 (0)1 643 0400F. +353 (0)1 643 0401E. dublin@cimaglobal.comwww.cima.ie

CIMA MalaysiaLots 1.03b and 1.05, Level 1KPMG TOWER8 First Avenue, Bandar Utama47800 Petaling JayaSelangor Darul EhsanMalaysiaT. +60 (0)3 7723 0230F. +60 (0)3 7723 0231E. kualalumpur@cimaglobal.comwww.cimaglobal.com/malaysia

CIMA Middle EastOffice E01, 1st Foor, Block 3PO Box 502221Dubai Knowledge VillageAl Sofouh RoadDubai, UAET. +971 4434 7370F. +971 4434 1998E. middleeast@cimaglobal.comwww.cimaglobal.com/middleeast

CIMA PakistanNo. 201, 2nd floor Business ArcadePlot No. 27 A, Block 6, P.E.C.H.S.Shahra-e-FaisalKarachi, PakistanT. +92 21 3432 2387/88/89F. +92 21 3432 2390E. pakistan@cimaglobal.comwww.cimaglobal.com/pakistan

CIMA Singapore51 Goldhill Plaza, #08-02Singapore 308900T. +65 6535 6822F. +65 6534 3992E. singapore@cimaglobal.comwww.cimaglobal.com/singapore

CIMA South Africa1st Floor, 198 Oxford RoadIllovo, JohannesburgSouth AfricaPostal address:PO Box 745, Northlands 2116, South AfricaT. +27 (0)11 788 8723/0861 CIMA SAF. +27 (0)11 788 8724E. johannesburg@cimaglobal.comwww.cimaglobal.com/southafrica

CIMA Sri Lanka356 Elvitigala MawathaColombo 5Sri LankaT. +94 (0)11 250 3880F. +94 (0)11 250 3881E. colombo@cimaglobal.comwww.cimaglobal.com/srilanka

CIMA Zambia6053, Sibweni RoadNorthmead, LusakaZambiaPostal address:PO Box 30640, Lusaka, ZambiaT. +260 21 1 290 219/291 708F. +260 21 1 290 548E. lusaka@cimaglobal.comwww.cimaglobal.com/zambia

CIMA Zimbabwe6th Floor, Michael House62 Nelson Mandela Avenue,HarareZimbabwePostal address:PO Box 3831, Harare, ZimbabweTelefax. +263 (0) 4 708600/702617F. +263 (0) 4 708600/702617E. harare@cimaglobal.comwww.cimaglobal.com/zimbabwe

CIMA’s global offices may change during the year, so please visit the global web links for the most up-to-date contact details. For a full list of global contacts, please visitwww.cimaglobal.com/globalcontacts

Chartered Institute of

Management Accountants

26 Chapter Street

London SW1P 4NP

United Kingdom

T. +44 (0)20 8849 2285

E. press@cimaglobal.com

www.cimaglobal.com

© May 2010, Chartered Institute of Management Accountants