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Salary Survey 2015

 

The Definitive Annual Salary Guide for 2015

9th Annual Survey

Accountancy & Finance London and the Home Counties

 

“Its been 7 years since we have seen markets like this. On a like-for-like basis, comparing 2014 to 2013,

it was like stepping off a plane into a different economic region. The pace of change has been rapid and exhilarating.”

David Archer, Director at Circle Square

 

 

Predictions for 2015

  • Introducing new services / products & expanding into new markets is the top CFO priority for 2015.

2015 will see strong paygrowth underpinned by tight candidate availability. Confederation of British Industry (CBI)

  •  CFO risk apetite will hit a seven year high despite economic  and financial
  • uncertainties. Deloitte

Political uncertainty as a result of the impending general election will dampen down demand in Q2/3. This view is mirrored by the British Champers.

  • Credit is cheaper than at any other time in seven years. This will continue through to
  • Q3 2015. Reuters

Regardless of recent economic activity it is still widely predicted that the Bank of England's MPC will raise interest rates by at least 0.25%. IHS Global Insight

  • Creating efficiencies and reducing costs will be top of the to do list for 35% of CFO's.
  • 33% will focus on improving cash flow. Circle Square

Which ever political party wins in May the continuing shift from public to private sector will affect wage inflation marginally, as the market is fuelled by extra supply. Financial Times (FT)

  • As a result of increased demand and reduced supply of candidates The Recruitment Employment Federation (REC) predicts 9% growth of the recruitment industry.
 

 

 

The war for talent is back again. The strongest companies will be the ones that develop a strong candidate

attraction proposition and work hard on staff retention. In particular this will be prevalent in the white collar market”

Andrew Pringle, Director at Circle Square

 

 

Our Sources for this Guide

The data has been researched and analysed fully by our team of market experts to provide an insight into an accurate and fully comprehensive guidline to salaries.

Our sources have included candidates' disclosure of salaries, advertised salaries and job offers by our own clients, effectively factoring in current market conditions and forecasts.

Due to our success with many SMEs, mid to large cap PLCs and Internationals we are able to forecast how remuneration packages for people who work in Accountancy will look in the coming months and we can do this with a high degree of accuracy. Obviously company size, the sector, location, the person spec, benefits packages and other influences can heavily influence the salary, therefore please only use this publication as a guide to current salaries and bonuses.

Speak to us if you have a unique position to fill or are keen to hear about the general trends in remuneration structures. We're always happy to oblige!

 

 

Permanent & Contract Salaries            

              Title                                                  Basic Salary                                             Bonus                                  Car                    
  £                       £                 £
CFO 250,000                   to              1,200,000    80,000       to            1,000,000            25,000
Financial Director 200,000                   to                 600,000    50,000       to               400,000            20,000
Financial Controller 100,000                   to                 180,000    25,000       to                 80,000            10,000
Head of FP&A 100,000                   to                 150,000    25,000       to                 60,000            10,000
Finance Manager  50,000                    to                   60,000     7,000        to                 20,000            10,000
Analyst / Business Partner  40,000                    to                   70,000     5,000        to                 20,000                 0
Financial Accountant  35,000                    to                   75,000     5,000        to                 20,000                 0
Management Accountant  40,000                    to                   65,000     5,000        to                 10,000                 0
Part-Qualified Accountant  25,000                    to                   40,000        0            to                 10,000                 0
Accounts Assistant  24,000                    to                   32,000        0            to                   5,000                 0
Accounts Payable Manager  30,000                    to                   40,000        0            to                   5,000                 0
Accounts Payable Clerk  25,000                    to                   28,000        0            to                   5,000                 0
Accounts Receivables Manager  30,000                    to                   40,000        0            to                   5,000                 0
Accounts Receivables Clerk  22,000                    to                   32,000        0            to                   5,000                 0
Payroll Manager  28,000                    to                   45,000        0            to                   5,000                 0
Payroll Clerk  25,000                    to                   32,000        0            to                   5,000                 0
Credit Manager  38,000                    to                   60,000      3,000       to                 10,000                 0
Credit Controller  25,000                    to                   35,000        0            to                 10,000                 0

 For businesses with a turn-over in excess of 500m

 

PERMANENT & CONTRACT SALARIES            

              Title                                               Basic Salary                                     Bonus                                  Car                    
                          £                 £
CFO 150,000    to      600,000    50,000       to               500,000            25,000
Financial Director   80,000    to      300,000    30,000       to               100,000            20,000
Financial Controller   50,000    to      120,000    20,000       to                 40,000            15,000
Head of FP&A   80,000    to      150,000    25,000       to                 60,000            10,000
Finance Manager   35,000    to       55,000     5,000        to                 40,000             5,000
Analyst / Business Partner   40,000     to      70,000     5,000        to                 20,000                 0
Financial Accountant   35,000     to       60,000        0            to                   5,000                 0
Management Accountant   35,000     to       50,000        0            to                   5,000                 0
Part-Qualified Accountant   25,000     to       35,000        0            to                       0                  0
Accounts Assistant   18,000     to       30,000        0            to                       0                 0
Accounts Payable Manager   25,000     to       35,000        0            to                       0                 0
Accounts Payable Clerk   18,000     to       25,000        0            to                       0                 0
Accounts Receivables Manager   25,000     to       35,000        0            to                       0                 0
Accounts Receivables Clerk   18,000     to       35,000        0            to                       0                 0
Payroll Manager   28,000     to       35,000        0            to                       0                 0
Payroll Clerk   20,000     to       30,000        0            to                       0                 0
Credit Manager   30,000     to       40,000     2,000       to                   8,000                 0
Credit Controller   20,000     to       30,000        0            to                  5,000                 0

                                                                                                    For businesses with a turn-over below £500m 

 

         Temp Pay Rate Bands / Paye

Title Hourly Paye  Rate
CFO / Financial Director 50 to Neg
Financial Controller / Head of Finance 44 to 75
Head of FP&A 38 to 63
Finance Manager 31 to 56
Analyst / Business Partner 31 to 50
Financial Accountant 31 to 50
Auditor 31 to 50
Management Accountant 31 to 50
Part Qualified to Finalist 18   31
Accounts Payable Manager 18   31
Payroll Manager 18   31
Accounts Receivables Manager 18   31
Assistant Accountant 11   20
Accounts Receivables Clerk 10   15
Payroll Clerk 10   15
Credit Control Clerk 10   15
Accounts Payable Clerk 10   15
Graduate Junior 10   13

For businesses across all turn-overs

 

          Interim Day Rate Bands

Title Day Rate / Ltd
CFO / Financial Director 400 to Neg
Financial Controller / Head of Finance 350 to 600
Head of FP&A 300 to 500
Finance Manager 250 to 450
Analyst / Business Partner 250 to 400
Financial Accountant 250 to 400
Auditor 250 to 400
Management Accountant 250 to 400
Part Qualified to Finalist 140   250
Accounts Payable Manager 140   250
Payroll Manager 140   250
Accounts Receivables Manager 140   250
Assistant Accountant 90   160
Accounts Receivables Clerk 80   120
Payroll Clerk 80   120
Credit Control Clerk 80   120
Accounts Payable Clerk 80   120
Graduate Junior 80   100

For businesses across all turn-overs