RK 2015 Salary Survey
- 1. 2015 Salary Survey North West and Yorkshire
- 2. It is with pleasure that I introduce our 2015 salary survey, a unique guide to the salary bandings within the accountancy and finance industry 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 finance 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 qualified vacancies dipped slightly with business seeking to secure candidates based on other attraction factors (enhanced suites of periphery benefits, career scope, job security, etc). your Best wishes, John Smith Director 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
- 3. . 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 cu secure 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 . • • • • •
- 4. The most forward-thinking businesses are adopting a more creative and varied the offering 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?
- 5. RK (Company Information and Overview): REC membership number 00087559 RK Group is a leading specialist financial 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 finance including accountancy, tax, audit, risk and treasury across the clerical, part qualified and qualified marketplace. Established in 1996, the average length of service for consultants within the business is over 5 years. With a genuine commitment to long term 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 offering a contingency-based pricing strategy (i.e. payment on success). in our reputation. In summary as a business we provide accountancy and finance staff across the North of England and have developed an extensive client and candidate network over almost 20 years. About Us:
- 6. 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:
- 7. 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 Positions Annual Salary £Min £Max
- 8. 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 Positions Annual Salary £Min £Max ,
- 9. 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? Promotion Improvedpay Betterworklifebalance Betterworking conditions Location Management Career Progression 0% 100% 50% RecruitmentAgency Referralsfromfriends JobBoards LinkedIn Facebook&Twitter ApplyDirect Other 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.
- 10. 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 Positions Annual Salary £Min £Max ,
- 11. 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 Positions Annual Salary £Min £Max
- 12. 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, financial accountant, finance manager, FC, finance 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.
- 13. Contact Us Leeds 9th Floor West One Wellington Street Leeds, LS1 1BA Tel: 0113 246 2526 Fax: 0113 246 2521 replyleeds@rkaccountancy.co.uk Preston Unit 5, Albert Edward House The Pavillions Ashton-on-Rible Preston,PR22YB Tel: 01772 881 666 Fax: 01772 882 994 replypre@rkaccountancy.co.uk Chester Friarsgate White Friars Chester, CH1 1XG Tel: 01244 345 666 Fax: 01244 345 455 replych@rkaccountancy.co.uk Manchester Faulkner House Faulkner Street Manchester, M1 4DY Tel: 0161 236 9666 Fax: 0161 233 6333 replyman@rkaccountancy.co.uk RK Accountancy North Church House 84 Queen Street Tel: 0114 309 4360 Fax: 0114 276 6501 Warrington First Floor Bank Quay House Sankey Street Warrington,WA1 1NN Tel: 01925 401 730 Fax: 01925 401 740 replywarr@rkaccountancy.co.uk