RK 2015 Salary Survey

2015 Salary Survey

North West andYorkshire

It is with pleasure that I introduce our 2015 salary survey, a unique guide to the salary bandings within the accountancy and �nanceindustry in the North West and Yorkshire.

candidates and businesses. We have an unrivalled local knowledge and our specialist consultants are able to provide information

We analyse our own database of placed and active candidates and continually cross reference with local vacancies. We continually monitor the local economy and we use our expertise gained over 20 years to verify the results to produce an accurate snapshot of the industry.

2014 saw some interesting salary shifts within our accounting and �nance market. Notably the entry point for the clerical vacancies across accounts payable, accounts receivable, credit control and payroll areas increased, with the median salary paid (and expected) increasing across these accounting areas. This demographic of candidates have higher salary expectations and are earning more.

Conversely the entry level for some of the part and fully quali�ed vacancies dipped slightly with business seeking to secure candidates based on other attraction factors (enhanced suites of periphery bene�ts, career scope, job security, etc).

your

Best wishes,

John SmithDirector T: 07436 098 336

Disclaimer: The information contained in this survey is given in good faith and RK Accountancy and RK Finance Professionals uses all reasonable efforts to ensure that it is accurate. This data is provided “as-is”, and RK Accountancy and

be liable for any indirect, special, consequential or other damages however caused

Introduction

RK Finance Professionals make no warranty, either express or implied, including but not limited to, warranties of correctness and fitness for a particular purpose. In no event with RK Accountancy and Rk Finance Professionals

. Businesses have quickly age that sits alongside the

strap-line basic salary is under scrutiny and the expectation from the market is for businesses to improve and enhance their cusecure and retain the strongest individuals.

• Personal company funded medical cover• Life Assurance of four times your salary• Income Protection• •

Performance related bonus opportunities, 3% -11% as a guide.

• Sharesave schemes

candidate audience we work with want to know the matched contribution is strong.

• Accident Insurance

Employee Assistance Helpline

•

Yearly bonus – some have an individual bonus AND annual bonus linked to EBITDA.

On top of this, various additional scope packages may give access to:

• Medical Care for your partner, spouse and children

Critical Illness cover for you, your partner or spouse

•

Dental Cover for you, your partner, spouse, or children•

Discounts on:

•

Childcare Vouchers•

Eye Care Vouchers

• Health Line

• Season Ticket Loan

Give As You Earn

The World of Additional Benefits

.

•

•

•

•

•

The most forward-thinking businesses are adopting a more creative and varied the o�ering the better. For example:

• Free shuttle bus travel• Break Out areas (e.g. a cyber café with TV, pool and Foosball table)• At desk massage!• Discounted Car valet service (at lunch)• Business Casual clothing • Hot-desking daily .

In summary as it stands the ‘package’ is key and more and more relevant. When we meet candidates it is increasingly on their agenda to explore the full suite of benefits when we discuss a job specification. Half of the battle is ensuring the recruiter partner is fully au fait with the benefits and are proactively presenting them to the market in full.

What else?

RK (Company Information and Overview):

REC membership number 00087559

RK Group is a leading specialist �nancial recruitment consultancy operating in the Yorkshire, North West, Midlands and London from a regional branch network. A dedicated recruitment group operating exclusively in the specialism of �nance including accountancy, tax, audit, risk and treasury across the clerical, part quali�ed and quali�ed marketplace.

Established in 1996, the average length of service for consultants within the business is over 5 years. With a genuine commitment to longterm development, we have built close links with many businesses, clients, candidates and professional bodies in local regions. The business was born out of a search and selection recruitment team and as such we have adopted and continue to use a retained search methodology whilst o�ering a contingency-based pricing strategy (i.e. payment on success).

in our reputation.

In summary as a business we provide accountancy and �nance sta� across the North of England and have developed an extensive client and candidate network over almost 20 years.

About Us:

Our core specialism is accountancy and finance recruitment on a temporary and permanent basis.

RK Finance Professionals:

• Key sectors: Part qualified and qualified accountancy and finance• Temporary, permanent, interim and contract recruitment.• Specialist in accountancy and finance mid to senior level appointments.

Typical Roles include: Management & Financial Accountants, Commercial and Operational Accountants, Analysts, Finance Managers, Financial Controllers, Finance Directors. Senior Transactional Managers.

RK Accountancy:

• Key sectors: Clerical accountancy and finance• Temporary, permanent and contract recruitment.• Specialist in the recruitment of clerical and managerial accountancy and finance staff.

Typical Roles include: Credit Controllers, Purchase & Sales Ledger Clerks, Payroll professionals, Accounts Trainees, Assistant Accountants, Transactional Team Leaders and Managers.

About Us:

North West - Clerical Roles

Assistant Accountant 18,000 23,000

Accounts Assistant 16,000 21,000

Purchase Ledger Manager 22,000 35,000

Purchase Ledger Clerk 16,000 22,000

Credit Control Manager 25,000 45,000

Credit Controller 17,000 22,000

Payroll Manager 22,000 35,000

Payroll Officer 17,000 22,000

Sales Ledger Manager 22,000 35,000

Sales Ledger Clerk 16,000 20,000

Administrator 14,000 16,000

PositionsAnnual Salary

£Min £Max

Yorkshire & Humberside - Clerical Roles

Assistant Accountant 17,000 23,000

Accounts Assistant 16,000 20,000

Purchase Ledger Manager 21,000 35,000

Purchase Ledger Clerk 17,000 20,000

Credit Control Manager 23,000 45,000

Credit Controller 17,000 21,000

Payroll Manager 20,000 30,000

Payroll Officer 17,000 22,000

Sales Ledger Manager 22,000 30,000

Sales Ledger Clerk 16,000 20,000

Administrator 14,000 16,000


£Min £Max

,

We asked job seekers about their job satisfaction?

Training

Good manager

Good benefits

Good working conditions

Good work / life balance

Good salary

Great career opportunities

What is the most important factor, to maintain job satisfaction?

Least Important Most Important

What was the deciding factor that made you leave your last job?

Prom

otion

Impr

oved

pay

Bette

r wor

k life

ba

lance

Be

tter w

orkin

g co

nditio

ns

Loca

tion

Man

agem

ent

Care

er

Prog

ress

ion

0%

100%

50%

Recr

uitm

ent

Agen

cy

Refe

rrals

from

frien

ds

Job

Boar

ds

Link

edIn

Face

book

&

Twitt

er

Apply

Dire

ct

Oth

er

0%

100%

50%

What do you use when looking for a new job?

Analysis

Whilst it is clear that job satisfaction still hinges on strong rates of pay and working environment, career scope is firmly back on the radar (in contrast to the same survey in 2014).

Candidates have an improved level of confidence and security and career progression (and associated reward) are now pushing higher up the priority list.

Recruitment consultancies remain the first port of call for applicants seeking a new role in our market but with social media tools including LinkedIn climbing higher.

Direct adverts have dipped as have job boards within our specialist areas.

Unsurprisingly a poor level of remuneration is the primary factor when deciding to leave a role and seemingly working environment, benefits, salary and career scope are important when deciding where the next move takes our candidates.

North West - Part Qualified & Qualified Roles

Finance Director 65,000 120,000

Financial Controller 40,000 70,000

Finance Manager 30,000 50,000

Financial Accountant 30,000 45,000

Financial Analyst 28,000 45,000

Commercial Accountant / Business Partner 35,000 45,000

Commercial Finance Manager 45,000 55,000

Management Accountant 28,000 40,000

Assistant Management Accountant 22,000 28,000

Group Accountant 35,000 45,000

Project Accountant 30,000 50,000

Newly Qualified 28,000 35,000

Part Qualified 22,000 28,000


£Min £Max

,

Yorkshire - Part Qualified & Qualified Roles

Finance Director 65,000 100,000

Financial Controller 40,000 70,000

Finance Manager 30,000 50,000

Financial Accountant 30,000 45,000

Financial Analyst 30,000 45,000

Commercial Accountant / Business Partner 35,000 45,000

Commercial Finance Manager 45,000 55,000

Management Accountant 28,000 38,000

Assistant Management Accountant 22,000 26,000

Group Accountant 35,000 45,000

Project Accountant 35,000 50,000

Newly Qualified 30,000 35,000

Part Qualified 23,000 28,000


£Min £Max

Merit in Interim

Interim Finance Professional:

To state the obvious they are an IMMEDIATE solution provider. They ensure that workloads do not become unmanageable and they prevent the issue of a vacancy dramatically impacting the business in the short term.

An Interim candidate often brings a varied set of tools based on

cultures, sectors, systems and working practices. Ultimately they have a versatility that can buy a business time during change.

Strong Interim candidates are often experienced in holding fort and can reduce the risk of a cascade of resignations within your

calm and pragmatic approach which can be infectious and often very welcome!

Typically interim accountants add value in areas that may not seem obvious from the outset of a project. By virtue of their experience they often bring suggestions for change in areas

‘bull in a china shop’ but assertive interim accountants that can drop seeds of thought to other management teams / colleagues can often trigger positive changes outside of the

regarding the solution and there is sometimes an associated politics based on this and the history. An Interim has more chance of providing an objective and substantiated view without bias. They can provide a balanced sounding board that can be seen to be impartial.

They are driven to succeed by their own reputation and therefore will give 100% commitment to an assignment, no matter how

feedback from their last employer. They thrive in scenarios that give the opportunity to celebrate clear achievements on their CV following a successful assignment.

Interim specialists can add value at a rate faster than their permanent counterparts in many cases. They are well versed in integrating into new environments and getting stuck into the task at hand. Typically your business will see quicker results – they need not ‘bide their time’ to settle but have a clear remit to begin and complete a task set – this is their specialism and they will endeavour to complete assignments fully and swiftly.

In summary we have seen a range of managers within our SME and large corporate clients across the UK turning to Finance Interims, in

time I have trained someone I could have done it myself” has noticeably diminished in our market and the feedback has been extremely positive

short and mid-term assignments.

unexpected leaver, a project coming down from the shelf, anticipated acquisition, system changes, long term illness, maternity, accelerated growth, unexpected decline, year end….

function and are considering an immediately available Interim option to assist we would welcome the opportunity to explore it further.

John Smith - Associate Director – 07436 098 336

Throughout 2014 we have experienced a steady incline of

marketplace across our core regional markets within the North of England.

specialist markets and we have seen a higher volume of clients recruiting at management accountant, �nancial accountant, �nance manager, FC, �nance business partner and FD level.

Seemingly the improved economic outlook has encouraged

accounting professionals to re-assess their own careers and aspirations and ultimately ‘dip a toe’ into the job market.

This has translated into a real turbulence that has peaked in Q4 and we have seen a spike in vacancies across Lancashire, Yorkshire, Greater Manchester and Cheshire regions.

As the market has shifted through the course of the year

degree of competition for the strongest candidates.

demanding and harder to secure.

Convoluted and lengthy recruitment processes have prevented

a result of the increased workload created by ‘gaps’ within the various teams.

These cumulative factors and the overall buoyancy has in basic

recruit the right person in the timeframes they may have hoped this year.

As a direct result we have seen a large increase in the number of clients turning to us for an Interim Finance Specialist to assist during period of change / recruitment.

Contact Us

Leeds9th FloorWest OneWellington StreetLeeds, LS1 1BA

Tel: 0113 246 2526Fax: 0113 246 [email protected]

PrestonUnit 5, Albert Edward House

The PavillionsAshton-on-RiblePreston, PR2 2YB


ChesterFriarsgateWhite FriarsChester, CH1 1XG


ManchesterFaulkner House Faulkner Street Manchester, M1 4DY


RK AccountancyNorth Church House84 Queen Street

Tel: 0114 309 4360Fax: 0114 276 6501

WarringtonFirst FloorBank Quay HouseSankey StreetWarrington, WA1 1NN


RK 2015 Salary Survey

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