CMA Recruitment Group 2017 Remuneration Survey CMA...
Transcript of CMA Recruitment Group 2017 Remuneration Survey CMA...
CMA Recruitment Group
www.cmarecruitment.co.uk
SouthamptonMeridians House
7 Ocean WayOcean VillageSouthampton
SO14 3TJ
T: 023 8063 8046E: [email protected]
PortsmouthBuilding 6000
Langstone Technology Park2B Langstone Road
HavantPO9 1SA
T: 023 9248 0524E: [email protected]
Bournemouth8 Trinity
161 Old Christchurch RoadBournemouth
BH1 1JU
T: 01202 312222E: [email protected]
Basingstoke27 London Street
BasingstokeHampshireRG21 7PG
T: 01256 333322E: [email protected]
CMA Folder-Soton-with back-noguide_Layout 1 22/11/2013 11:23 Page 1
RECRUITMENTGROUP
CMA Recruitment Group2017 Remuneration Survey
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Contents
Page Title
1. Remuneration Survey Introduction
2. Introduction to CMA Recruitment Group
3. Accountancy & Finance Division Overview
4. Accountancy & Finance Division Results
5. Executive Division Overview
6. Executive Division Results
7. HR Division Overview
8. HR Division Results
9. Practice Division Overview
10. Practice Division Results
Remuneration Survey Introduction
CMA Recruitment Group has undertaken anunprecedented research exercise into Solent andThames Valley remuneration. We have sought togather quantitative data, but perhaps moreimportantly, present the key qualitative dynamics inthe 2017 labour market.
The team have collected over 500 confidentialresponses from our clients and candidates alike,covering a broad spectrum of roles, businesses andsectors (see sample cross section graphs). The data hasprovided some new insights as well as supporting manyof the conclusions our consultants had drawn fromtheir unparalleled understanding of the region.
Further questionsIf you have any questions regarding the data presentedin this document or another employment relatedmatter, please don’t hesitate to contact one of ourexperienced consultants. We have 300 years ofcombined recruitment experience providing a uniqueperspective on the region’s labour trends.
T: 023 8063 8046E: [email protected]
24%
30%16%
30%
BUSINESS SIZE (TO.)
<£10m £11-25m £26-100m £101m+
16%
13%
13%
11%11%
10%
9%
8%5%4%
SECTOR (#)Manufacturing
Retail and Consumer
Other
Industrial
Property and Construction
TMT
Business Services
Financial Services
Travel and Leisure
Public Sector
1
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CMA Recruitment Group
Established in 1980, CMA Recruitment Group has beenproviding recruitment services for 37 years building anenviable reputation and track record, combined withunparalleled market knowledge and strong links withprofessional advisors. All of this has enabled CMA tobecome the South’s leading independent Accountancyand Finance, Executive and HR consultancy, with adiverse client portfolio covering the Hampshire, Dorset,Wiltshire, Berkshire, Surrey and Sussex regions.
Operating through four specialist divisions: Accountancyand Finance, Executive, Practice and Human Resources,CMA utilises a business partner methodology, which isboth consultative and engaging, allowing us to deliver aunique recruitment service based on the values ofintegrity, professionalism and the desire to exceedexpectations.
Our four divisions, combined with our geographicalpresence in Southampton, Portsmouth, Bournemouthand Basingstoke ensures CMA offers unrivalled marketcoverage enabling our team, which has over 300 yearscombined recruitment experience, to add value toeach step of the recruitment exercise for both clientsand candidates alike.
CMA continues to identify, attract and secure the mosttalented individuals by utilising our extensive onlinepresence, comprehensive in-house database, thelatest social media tools and deep-rooted businessnetwork relationships. This continuous and targetedmarketing activity is designed to optimise active andpassive candidate flows, and in conjunction with beinga major corporate sponsor of key professional studentand member societies, ensures our name issynonymous with Accountancy, Finance, Executive andHR recruitment.
Introduction from the Leadership Team
Thank you for taking the time to read ourremuneration survey. The CMA team has spentconsiderable time collecting and analysing the data toaid our clients and candidates make informeddecisions.
CMA’s single biggest asset is its people and the valuesthose individuals uphold on a daily basis. We are veryproud of our team and of the fact our consultanttenure is 11 times the industry average.
Our business has grown consistently and sustainablyin recent years and we are confident we can continuein our role as the South’s leading independentAccountancy and Finance, Executive and HRconsultancy for many years to come. An indication weare on the right track are the awards we’ve beenshortlisted for in the last 12 months:
2
Peter ClarkeNon Executive Chairman
Richard DibdenCommercial Director023 8063 [email protected]
Neil PhillipsOperations Director023 9248 [email protected]
Nick ClarkeFinance Director023 8063 [email protected]
Best Professional Services Firm
SME of the Year Best Professional Services Firm to
work for
25th best recruitment
firm in the UK (out of 24,000)
ACCOUNTANCY & FINANCEDIVISION
EXECUTIVEDIVISION
PRACTICEDIVISION
HRDIVISION
RECRUITMENTGROUP
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Introduction to Accountancy & Finance
CMA’s Accountancy & Finance(“A&F”) division focuses on placingfully qualified and part qualifiedaccountants, as well as transactionalfinance staff.
The division completes both permanent and temporarymandates and concentrates on salary levels up to£75,000. Salaries above this fall into the remit of ourExecutive team (see page 5).
CMA’s successful track record in filling permanent andtemporary vacancies has allowed the division to buildan enviable client portfolio from listed corporates,private equity backed enterprises, through to SMEs.We support clients in a wide range of sectors rightacross the Solent and Thames Valley regions.
At present, we have a team of 20 A&F consultantsacross our four branch network. Our market leadingconsultants possess over 250 years combinedrecruitment experience providing an unrivalledknowledge to select not only the best candidates onthe market, but the best candidates in the market.
Key CMA Contacts for this Division
Southampton:
Portsmouth:
Bournemouth:
Basingstoke:
Questionnaire Analysis
Remuneration levels: The A&F community on thewhole (76%) feel they are sufficiently remunerated intheir roles. However, remuneration levels still rankedas the single most important factor when seeking anew role, followed by company culture in second andflexible working in third place
Remuneration structure: 82% of those surveyedbelieve that company performance should have adirect impact on their remuneration. This suggeststhere is an opportunity to increase alignment betweenshareholders, management and employees by evolvingremuneration structure
Employee engagement: 45% of respondents wouldconsider a reduction in salary in order to feel morevalued. This suggests low levels of employeeengagement, perhaps an area local businesses shouldbe seeking to address ahead of implementing pay rises
Other: The South’s accountants do not appear to havebeen impacted by recent political developments in theUK and US with 82% either “strongly agreeing” or“agreeing” it would not impact their appetite to changejobs in the short term
Key Market Trends
Senior Desks (£25,000 to £75,000):• It’s a candidate driven market with a shortage of top
talent with the right skills available in the region• Limited salary rises over the last 12 months –
broadly limited to inflationary rises• Increasingly important to present a clear and
transparent remuneration package at the offerstage
• A greater choice of benefits is available with manybusinesses now adopting a “menu” approach
• Not seeing many share option awards, still anExecutive instrument at this stage
• Flexible working is more common and the 3rd mostimportant consideration in selecting a new job
Transactional Desks (up to £25,000):• No material movement at the top of the banding
but significant compression at the lower end due toa skills shortage
• Candidate experience remains a crucial factor forthe transactional roles
• Counter offers are becoming ever present
Please don’t hesitate to contact one of the team todiscuss what these trends (and many more that wesee) could mean for your business or career.
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Aran PurewalDivisional Manager023 8063 [email protected]
Mark SmithBranch Manager023 9248 [email protected]
Mark WilangowskiBranch Manager01202 [email protected]
Sarah EvansDivisional Manager01256 [email protected]
ACCOUNTANCY & FINANCEDIVISION
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Accountancy & Finance Salary Survey Results
Accountancy & Finance Questionnaire Results
22% 54% 18% 6%
0% 20% 40% 60% 80% 100%
Strongly Agree Agree Disagree Strongly Disagree
Finance Executives:
Southampton, Portsmouth & Bournemouth
Basingstoke & Surrounding Area
Finance Director £75 - 130,000 £80 - 150,000Group Financial Controller £60 - 90,000 £65 - 100,000Financial Controller £50 - 80,000 £50 - 85,000FP&A Manager £50 - 70,000 £55 - 75,000M&A Manager £85 - 110,000 £90 - 120,000Tax Manager £50 - 80,000 £60 - 100,000Senior Treasury Analyst £50 - 80,000 £55 - 75,000Risk Manager £45 - 75,000 £50 - 80,000
Finance Professionals:
Group Accountant £42 - 65,000 £45 - 70,000Project Accountant £40 - 65,000 £45 - 70,000Finance Manager £38 - 50,000 £45 - 55,000Management Accountant £35 - 50,000 £40 - 55,000Systems Accountant £38 - 55,000 £45 - 60,000Internal Auditor £38 - 55,000 £45 - 65,000Financial Accountant £37 - 50,000 £40 - 55,000Business/Finance Analyst £38 - 55,000 £45 - 60,000Credit Manager £30 - 45,000 £35 - 50,000Payroll Manager £28 - 40,000 £35 - 45,000
Transactional Finance:
Bookkeeper £25 - 30,000 £28 - 32,000Assistant Accountant £23 - 28,000 £25 - 30,000Accounts Assistant £20 - 24,000 £22 - 26,000Payroll £21 - 25,000 £23 - 27,000Credit Control £20 - 25,000 £21 - 26,000Sales/Purchase Ledger £18 - 22,000 £19 - 23,000
ACA
Southampton, Portsmouth & Bournemouth
Basingstoke & Surrounding Area
Newly Qualified £37 - 45,000 £40 - 50,0001-2 Years PQE £42 - 50,000 £45 - 60,0003-5 Years PQE £50 - 70,000 £55 - 80,000
CIMA/ACCA
Part Qualified £30 - 35,000 £32 - 35,000Finalist £34 - 40,000 £35 - 42,000Newly Qualified £38 - 45,000 £40 - 50,0001-2 Years PQE £42 - 50,000 £45 - 55,000
AAT
Foundation £14 - 18,000 £16 - 18,000Intermediate £18 - 22,000 £18 - 23,000Qualified £22 - 25,000 £23 - 26,000
“I feel I am sufficiently remunerated in my current role”
1
6% 36% 56% 2%
0% 20% 40% 60% 80% 100%
Strongly Agree Agree Disagree Strongly Disagree
“Remuneration is the most significant factor impacting team morale and motivation”
3
17% 62% 20% 1%
0% 20% 40% 60% 80% 100%
Strongly Agree Agree Disagree Strongly Disagree
“I believe the company’s performance should have a direct impact on my remuneration”
5
25% 45% 25% 5%
0% 20% 40% 60% 80% 100%
Strongly Agree Agree Disagree Strongly Disagree
“I have a healthy work / life balance at present”2
6% 49% 43% 2%
0% 20% 40% 60% 80% 100%
Strongly Agree Agree Disagree Strongly Disagree
“I would forgo a salary increase in return for greater employee engagement / feeling more valued”
4
4
22% 60% 15% 3%
0% 20% 40% 60% 80% 100%
Strongly Agree Agree Disagree Strongly Disagree
“The recent political changes in the UK/US haven’t altered my appetite to change jobs in the short-term”
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Introduction to Executive Division
CMA Executive undertakes searchand selection exercises in the£75,000 to £250,000 salary banding,where professional contacts andmarket knowledge provide the
foundation for a successful recruitment campaign. Aprominent advisor to a number of organisations acrossthe region, the division supports a diverse range ofindustries and sectors, as well as a variety of ownershipstructures.
CMA Executive operates on a retained search basis andthe team approach all of their assignments with thesame determination; to identify, attract and secure themost talented individuals for our clients. Employing aBusiness Partner methodology engages our clients in aconsultative manner, ensuring a full understanding ofthe individual assignment, offering discretion andconfidentiality which is core to our culture.
The added value model utilised by the Executive Teamprovides our clients with absolute confidence in eachstage of the selection process. All Executive applicantsundertake face to face competency based andbehavioural interviews, with the option ofpsychometric profiling for shortlisted candidates.
Key CMA Contacts for this Division
Consultants:
Senior Support:
Questionnaire Analysis
Remuneration levels: 81% of executives surveyed feltthey were remunerated sufficiently. Although manypointed to the performance related aspects being key,therefore ultimately being in control of theirremuneration. As supported by the results of the A&Fdivision, executives do not believe remuneration hasnegatively influenced retention. Instead, employeeengagement is cited as the core factor in 2017
Strategic objectives: 71% of executives believeemployees could be more engaged with firm widestrategic objectives (45% strongly agree). With 82% ofA&F respondents believing company performanceshould directly impact their pay, there is clearly anopportunity to integrate the two within many firms
Work life balance: Very high with 85% feeling theyhave a healthy balance working in the South
Equity: Overwhelmingly, 85% of executives see thepotential for equity as the key consideration inselecting their next role
Senior management diversity: 86% of executives feelthat their company would benefit from an improvedgender balance in the senior management team
Key Market Trends
The following points provide further insight into theremuneration trends, beyond the salary guidanceprovided on page 6.• Base salaries increased by an average of 2.3%, the
largest increase in our survey was 10%• The average car allowance for executives was £8k• Pension contributions range between 1% and 5%• Other popular benefits include private medical
insurance and life assurance• Discretionary bonus schemes varied hugely in terms
of structure and pay-out ratio. Most had limiteddeferral elements and ranged from 10% to 100% ofbase salary – the average pay-out being c.25%
• LTIPs are becoming more prevalent in the regionand replacing more vanilla discretionary bonuses –particularly in larger businesses. Typically they areworking on three year cycles
• Equity instruments remain a common feature ofexecutive remuneration in sophisticated SMEs. EMIoptions are the most common
Please don’t hesitate to contact one of the team todiscuss what these trends (and many more that wesee) could mean for your business or career. We havedata segmented by sector and by size of company.
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George WestonAssociate Director023 8063 [email protected]
Ruth SnellAssociate Partner023 9248 [email protected]
Richard DibdenCommercial Director023 8063 [email protected]
EXECUTIVEDIVISION
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Executive Salary Survey Results
Executive Questionnaire Results
10% 71% 14% 5%
0% 20% 40% 60% 80% 100%
Strongly Agree Agree Disagree Strongly Disagree
“I feel I am sufficiently remunerated in my current role”
1
14% 71% 14% 11%
0% 20% 40% 60% 80% 100%
Strongly Agree Agree Disagree Strongly Disagree
“I believe I have a healthy work / life balance in my current role”
3
10% 76% 10% 4%
0% 20% 40% 60% 80% 100%
Strongly Agree Agree Disagree Strongly Disagree
“I believe our company would benefit from additional women in the senior management team”
5
33% 57% 10%
0% 20% 40% 60% 80% 100%
Strongly Agree Agree Disagree Strongly Disagree
“Remuneration constraints have prevented my company from hiring or retaining key talent”
2
45% 40% 15%
0% 20% 40% 60% 80% 100%
Strongly Agree Agree Disagree Strongly Disagree
“The potential for equity would be the key consideration in selecting my next role”
4
6
19% 52% 29%
0% 20% 40% 60% 80% 100%
Strongly Agree Agree Disagree Strongly Disagree
“I believe our employees could be more engaged with the company’s strategic objectives”
6
SME (owner managed) Total Pay / Package Average Base Daily Rate PAYEGroup FD/CFO £80 - 200,000 £120,000 £350+Finance Director £75 - 150,000 £95,000 £325 - 600Head of Finance/FC £60 - 100,000 £70,000 £225 - 400Senior FP&A £60 - 90,000 £70,000 £225 - 400
SME (PE backed) Total Pay / Package Average Base Daily Rate PAYEGroup FD/CFO £80 - 200,000 £120,000 £350+Finance Director £75 - 150,000 £95,000 £325 - 600Head of Finance/FC £60 - 100,000 £70,000 £225 - 400Senior FP&A £60 - 90,000 £70,000 £225 - 400
Corporate (£100m to £500m) Total Pay / Package Average Base Daily Rate PAYEGroup FD/CFO £100 - 350,000 £250,000 £400+Finance/Divisional Director £70 - 150,000 £110,000 £300 - 600Group Controller/Controller £70 - 100,000 £90,000 £300 - 400FP&A Director £70 - 110,000 £95,000 £300 - 450Head of Tax £80 - 150,000 £100,000 £300 - 600Head of Treasury £80 - 150,000 £100,000 £300 - 600Head of Internal Audit £70 - 120,000 £85,000 £300 - 450
Corporate (£500m+) Total Pay / Package Average Base Daily Rate PAYEGroup FD/CFO £100 - 350,000 £250,000 £400+Finance/Divisional Director £70 - 150,000 £110,000 £300 - 600Group Controller/Controller £70 - 100,000 £90,000 £300 - 400FP&A Director £70 - 110,000 £95,000 £300 - 450Head of Tax £80 - 150,000 £100,000 £300 - 600Head of Treasury £80 - 150,000 £100,000 £300 - 600Head of Internal Audit £70 - 120,000 £85,000 £300 - 450
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Introduction to HR Division
CMA’s HR Division has a simplephilosophy; a total belief that ourclients expect the best. All of ourservices and processes are designedto deliver to this standard.
Adhering to this idea our practised team have becometrusted names throughout the local HR community,establishing mutually beneficial business relationshipswith an extensive client portfolio from listedCorporates to owner-managed businesses.
CMA’s HR Division specialises in providing seniormanagement, executive and non-executive talent toclients across the full range of HR disciplines, on apermanent, contract or temporary basis.
Our dedicated HR consultants work tirelessly togenuinely understand our clients' requirements whichallows CMA to add value to each step of therecruitment process with a proactive, consultativeapproach, tailored to each client.
Key CMA Contacts for this Division
Consultants:
Senior Support:
Questionnaire Analysis
Remuneration levels: The HR respondents are thehappiest with their pay levels when compared acrossour four divisions, with 77% feeling they are sufficientlyremunerated in their current roles
Performance related pay: Respondentsoverwhelmingly believe that employee engagementlevels should impact their remuneration with 79%either “strongly agreeing” or “agreeing”. Only 42% feltthat company financial performance should impacttheir pay
Staff retention: 55% of respondents felt thatinvestment in training would lead to greater staffretention, although of these only 6% strongly agreed
Nevertheless, the respondents believed that the largestimpact on team morale and motivation was indeedremuneration with 25% “strongly agreeing” and afurther 45% “agreeing”
Other: The HR community appears highly resilient tothe recent political developments in the UK and US,with over 4 in 5 believing that their appetite to changejobs remains unchanged
Key Market Trends
The following points are consistently being evidencedin the HR market:• Many more HR roles within SMEs as businesses seek
to increase retention in a market short of talent. Thetraditional size requirements for an HR vertical arereducing. In time this will increase the candidatepool
• HRDs with full Board seats are becoming moreprevalent in larger businesses to support a drive onemployee engagement and staff welfare
• We’ve seen a compression in salary levels, broadlylarger increases than those in A&F
• Sector and size of a business remain important interms of experience, principally because they formbarometers for cultural fit and understanding
• Limited opportunities for HR professionals to workfrom home but we are seeing greater flexibility instart and finish times
• Perhaps aligned to the above, a company’sproximity to home has become a crucial factor whenseeking new employment
Please don’t hesitate to contact one of the team todiscuss what these trends (and many more that wesee) could mean for your business or career.
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Alasdair RiskLead Consultant023 8063 [email protected]
Zoe MartinConsultant023 8063 [email protected]
Richard DibdenCommercial Director023 8063 [email protected]
HRDIVISION
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HR Salary Survey Results
HR Questionnaire Results
22% 54% 18% 6%
0% 20% 40% 60% 80% 100%
Strongly Agree Agree Disagree Strongly Disagree
“I feel I am sufficiently remunerated in my current role”
1
6% 36% 56% 2%
0% 20% 40% 60% 80% 100%
Strongly Agree Agree Disagree Strongly Disagree
“I believe the company performance should have a direct impact on my remuneration”
3
17% 62% 20% 1%
0% 20% 40% 60% 80% 100%
Strongly Agree Agree Disagree Strongly Disagree
“I believe that employee engagement should have a direct impact on my remuneration”
5
25% 45% 25% 5%
0% 20% 40% 60% 80% 100%
Strongly Agree Agree Disagree Strongly Disagree
“Remuneration is the most significant factor impacting team morale and motivation”
2
6% 49% 43% 2%
0% 20% 40% 60% 80% 100%
Strongly Agree Agree Disagree Strongly Disagree
“Greater training would lead to improved staff retention”
4
8
“The recent political changes in the UK/US haven’t altered my appetite to change jobs in the short-term”
6
9% 73% 18%
0% 20% 40% 60% 80% 100%
Strongly Agree Agree Disagree Strongly Disagree
Human ResourcesSouthampton, Portsmouth & Bournemouth
Basingstoke & Surrounding Area
HRD/Board Appointment £95 - 160,000 £120 - 200,000
HR Director £85 - 120,000 £75 - 90,000
Head of HR £65 - 80,000 £55 - 75,000
HR Manager £40 - 65,000 £45 - 65,000
HR Business Partner £40 - 75,000 £45 - 65,000
Employee Relations Advisor £30 - 40,000 £35 - 42,000
HR Advisor £28 - 35,000 £32 - 40,000
HR Assistant £20 - 25,000 £22 - 25,000
HR Administrator £18 - 23,000 £22 - 25,000
Head of Compensation & Benefits £75 - 95,000 £75 - 95,000
Compensation & Benefits Advisor £35 - 45,000 £35 - 45,000
Head of In-House Recruitment £35 - 45,000 £42 - 55,000
In-House Recruitment Advisor £25 - 35,000 £30 - 35,000
Head of L&D £65 - 85,000 £65 - 85,000
L&D Advisor £35 - 48,000 £38 - 55,000
HR Consultant £250 - 500 day rate £250 - 550 day rate
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Introduction to Practice Division
CMA’s Practice division focuses onthe full range of appointmentswithin the profession, from AATstudents, fully qualified accountantsthrough to Senior Partners. We
work with and support a client portfolio encompassing‘Top 10’ firms, independent practices and specialistboutiques.
Our long standing team (that includes accountancyprofessionals), has in-depth knowledge of the region’spractice market and our sponsorship of various studentand member societies ensures our name issynonymous with Practice Recruitment across theSouth and Thames Valley regions.
Operating across general practice, assurance, taxation,corporate finance and insolvency, CMA’s Practicedivision recognises that our clients' success depends onboth technical competence and the businessrelationship between their team and their clients. Byworking closely with our clients at each step of atailored recruitment process, and utilising ourmultifaceted approach to candidate attraction, CMA isable to identify and secure the most talentedcandidates which match their specific requirements.
Key CMA Contacts for this Division
Consultants:
Senior Support:
Questionnaire Analysis
Remuneration levels: 54% of respondents do not feelthey are sufficiently remunerated for their role - oftenreferring to their workload as a factor. Furthermore,63% of respondents believe that remunerationconstraints have prevented their firm from hiring orretaining key talent - particularly at the qualified andmanager levels. An ongoing issue for the sector
Career development: The single most important factorwithin Practice. Remuneration is second, culture third,and brand is fourth
Partnership: While career development is paramount,46% of those surveyed believe partnership is lessattractive than it was. Some said this was due toincreasing partner numbers in firms diluting returnswhile others cited the greater regulation in the industryincreasing accountability
Flexible working: Already present in much of thesector which is why 82% were not willing to reduce payin return for flexibility, this combined with pay levelsbeing perceived as low already
Job security: Respondents were agnostic as to whetherthe size of a firm impacts job security
Key Market Trends
The following points are consistently being evidencedin the Practice market:• The shortage of high quality candidates is resulting
in salary increases within the Practice sector• The “Big Four” vs. smaller practice pay gap has
reduced with talent shortages driving up packages insmaller firms
• While traditionally, accountants from smallerpractices would move through the Top 10 beforesecuring a role in industry, many are now goingstraight to SMEs and corporates alike. There is also agreater number of Top 10 accountants moving tosmaller practices motivated by career progression
• AAT apprenticeships are becoming much moreprevalent in the region
• Within the national firms, there is still a migration ofpersonnel from London to the region once qualified
• There has been an increase in exam failures withinthe region – many students have put this down tothe pressures of combining work and study
• Corporate tax appears to pay more than personaltax due to a shortage of experienced hires
Please don’t hesitate to contact one of the team todiscuss what these trends (and many more that wesee) could mean for your business or career.
9
Nikki WalkerDivisional Manager023 8063 [email protected]
Kelly MarksConsultant023 9248 [email protected]
Richard DibdenCommercial Director023 8063 [email protected]
PRACTICEDIVISION
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Practice Division Salary Survey Results
Practice Division Questionnaire Results
Audit & Assurance “Big Four” 1 General Practice
Director £65,000+ £60,000+
Senior Manager £55,000+ £50,000+
Manager £42 - 55,000 £35 - 50,000
Senior (Qualified) £36 - 42,000 £28 - 37,000
Senior (Part Qualified) £20 - 24,000 £18 - 25,000
AAT Qualified (Experienced) £22 - 28,000 £18 - 25,000
AAT Qualified (Junior) £18 - 22,000 £15 - 18,000
Graduate Trainee £20 - 22,000 £15 - 18,000
College Leaver £16 - 18,000 £12 - 15,000
Tax:
Director £65,000+ £60,000+
Senior Manager £50- 60,000 £45 - 55,000
Manager £40 - 50,000 £35 - 45,000 CTA (Post Qualified) £40 - 45,000 £32 - 38,000
CTA (Newly Qualified) £32 - 38,000 £27 - 33,000
Personal Tax (QBE) £32 - 38,000 £28 - 36,000
ATT (Qualified) £24 - 28,000 £18 - 25,000
Senior (Part Qualified) £24 - 28,000 £18 - 24,000
Graduate Trainee £20 - 22,000 £16 - 20,000
ATT Trainee £17 - 19,000 £15 - 16,000
Advisory: “Big Four” 1 General Practice
Director £65,000+ £60,000+
Senior Manager £50 - 60,000 £45 - 55,000
Manager £40 - 50,000 £35 - 45,000
Senior (Qualified) £34 - 40,000 £33 - 35,000
Senior (Part Qualified) £28 - 34,000 £26 - 32,000
Graduate Trainee £22 - 24,000 £18 - 20,000
Corporate Finance:Director £70,000+ £65,000+
Senior Manager £55 - 65,000 £50 - 60,000
Manager £45 - 55,000 £40 - 50,000
Senior (Qualified) £38 - 45,000 £36 - 40,000
Senior (Part Qualified) £34 - 38,000 £32 - 36,000
Graduate Trainee £24 - 26,000 £18 - 20,000
Note 1: Big Four refers to PWC, EY, Deloitte and KPMG
Note 2: This survey does not take into account partner remuneration due to the variables associated with profit share. Please contact the Practice team to discuss partner remuneration in the region.
18% 27% 45% 9%
0% 20% 40% 60% 80% 100%
Strongly Agree Agree Disagree Strongly Disagree
“I feel I am sufficiently remunerated in my current role”
1
10% 81% 9%
0% 20% 40% 60% 80% 100%
Strongly Agree Agree Disagree Strongly Disagree
“Career development opportunities are more important to me than remuneration”
3
10% 27% 55% 8%
0% 20% 40% 60% 80% 100%
Strongly Agree Agree Disagree Strongly Disagree
“Remuneration constraints have prevented my firm from hiring or retaining key talent”
5
18% 73% 9%
0% 20% 40% 60% 80% 100%
Strongly Agree Agree Disagree Strongly Disagree
“I would reduce my pay in return for more flexible working hours / remote working”
2
9% 45% 45% 1%
0% 20% 40% 60% 80% 100%
Strongly Agree Agree Disagree Strongly Disagree
“I believe the partnership career path is as attractive as it has ever been”
4
10% 45% 36% 9%
0% 20% 40% 60% 80% 100%
Strongly Agree Agree Disagree Strongly Disagree
“A smaller practice provides greater job security in uncertain times”
6
10
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CMA Recruitment Group
www.cmarecruitment.co.uk
SouthamptonMeridians House
7 Ocean WayOcean VillageSouthampton
SO14 3TJ
T: 023 8063 8046E: [email protected]
PortsmouthBuilding 6000
Langstone Technology Park2B Langstone Road
HavantPO9 1SA
T: 023 9248 0524E: [email protected]
Bournemouth8 Trinity
161 Old Christchurch RoadBournemouth
BH1 1JU
T: 01202 312222E: [email protected]
Basingstoke27 London Street
BasingstokeHampshireRG21 7PG
T: 01256 333322E: [email protected]
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ACCOUNTANCY & FINANCEDIVISION
EXECUTIVEDIVISION
PRACTICEDIVISION
HRDIVISION
CMA Recruitment Group
www.cmarecruitment.co.uk
SouthamptonMeridians House
7 Ocean WayOcean VillageSouthampton
SO14 3TJ
T: 023 8063 8046E: [email protected]
PortsmouthBuilding 6000
Langstone Technology Park2B Langstone Road
HavantPO9 1SA
T: 023 9248 0524E: [email protected]
Bournemouth8 Trinity
161 Old Christchurch RoadBournemouth
BH1 1JU
T: 01202 312222E: [email protected]
Basingstoke27 London Street
BasingstokeHampshireRG21 7PG
T: 01256 333322E: [email protected]
CMA Folder-Soton-with back-noguide_Layout 1 22/11/2013 11:23 Page 1
BournemouthGround Floor, Ocean 80
80 Holdenhurst RoadBournemouth
DorsetBH8 8AL
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