This slideshow from the Robert Half 2016 Salary Guide provides and overview of the hiring outlook in Birmingham and what accounting and finance salaries Birmingham professionals can expect in 2016. Visit www.roberthalf.co.uk/salary-centre for more salary information.
2016 Accounting and finance salaries in Birmingham
1. 2016 SALARY AND HIRING TRENDS
FOR ACCOUNTING AND FINANCE PROFESSIONALS
BIRMINGHAM
2. The stronger labour market is
being driven by increased
confidence among employers
and workers alike
Businesses are adding
headcount to their accounting
and finance teams
HIRING TRENDS IN ACCOUNTING AND FINANCE
CONFIDENCE IN
BIRMINGHAM
EXPANDING TEAMS
As a result, 55% of
businesses in Birmingham
are reliant on interim
professionals for
management or
C-suite roles
PERMANENT STAFF
IN SHORT SUPPLY
4. SPECIALIST PROFESSIONALS ARE HARD TO FIND
LACK OF NICHE,
TECHNICAL TALENT
1
LACK OF COMMERCIAL,
BUSINESS SKILLS
3
GENERAL DEMAND
OUTWEIGHS SUPPLY
2
TOP THREE REASONS FOR THE SKILLS SHORTAGE
5. FIVE HOT SKILLS AND QUALIFICATIONS FOR 2016
• ACA/ACCA/CIMA with
5–10 years’ post-qualification
experience
• Part-qualified CIMA/ACCA with
management accounting skills
• Technology and software skills
in advanced Excel/SAP/Sage
• Business partnering and
communication skills
• Financial modelling
6. • CFOs and finance directors with
strategic and commercial skill sets
• Financial controllers/business
partners
• Qualified/part-qualified
management accountants
• Credit controller/purchase ledger,
sales ledger and payroll clerks
PERMANENT ROLES IN DEMAND
7. TEMPORARY AND INTERIM ROLES IN DEMAND
• Financial transformation/system
improvement experts
• Financial reporting professionals
• Financial planning and analysis
professionals
• Accounts assistants, credit
controllers, and purchase ledger
clerks
8. SALARIES BIRMINGHAM
Chief Financial Officer/
Group Finance Director
SME £79,300 - £97,700 £79,600 - £104,400 3.9%
Large £87,900 - £135,700 £88,200 - £140,400 2.2%
Finance Director
SME £57,800 - £94,900 £58,700 - £99,800 3.8%
Large £70,300 - £116,500 £70,800 - £120,900 2.6%
Qualified Management /
Financial Accountant
SME £32,200 - £38,300 £32,700 - £39,700 2.6%
Large £40,800 - £52,700 £41,300 - £55,400 3.5%
Financial Controller
SME £43,800 - £58,700 £45,000 - £60,600 2.9%
Large £52,900 - £61,000 £53,400 - £64,300 3.3%
Financial Business Partner
SME £42,000 - £49,900 £42,000 - £52,400 2.8%
Large £43,800 - £51,700 £43,600 - £55,400 3.6%
JOB TITLE COMPANY SIZE 2015 2016 % CHANGE
9. SALARIES BIRMINGHAM (CONTINUED)
88%
of CFOs have offered a higher salary than originally
planned to secure a talented professional
Financial Planning &
Analysis Manager
SME £57,300 - £63,300 £57,800 - £65,700 2.3%
Large £58,900 - £65,900 £59,200 - £68,900 2.6%
Financial Analyst
SME £34,600 - £41,300 £34,800 - £44,100 4.0%
Large £36,200 - £46,200 £36,900 - £48,700 3.9%
Credit Controller
SME £15,500 - £23,900 £16,000 - £24,600 2.9%
Large £18,300 - £26,400 £18,600 - £27,600 3.1%
Payroll Administrator/Clerk
SME £16,700 - £20,600 £17,200 - £21,100 2.5%
Large £18,800 - £23,400 £19,300 - £23,900 2.2%
Purchase/Sales Ledger Clerk
SME £15,300 - £22,700 £15,500 - £23,400 2.4%
Large £19,300 - £25,100 £19,700 - £25,800 2.6%
JOB TITLE COMPANY SIZE 2015 2016 % CHANGE
10. RETENTION A KEY CONCERN IN BIRMINGHAM
88%
of CFOs in Birmingham are concerned about losing
top financial performers
40%
A RISE IN REMUNERATION
OR BONUSES TO CURRENT
EMPLOYEES
63%
CAREER DEVELOPMENT
OPPORTUNITIES
IN A BID TO KEEP TOP PERFORMERS, BUSINESSES WILL BE OFFERING:
30%
FLEXIBLE WORKING
OPPORTUNITIES
11. REMUNERATION TRENDS FOR EXISTING STAFF
35% of CFOs
EXPECT TO INCREASE
BONUSES AWARDED
65% of CFOs
PLAN TO INCREASE
SALARIES
12. DOWNLOAD THE 2016 SALARY GUIDE
For more accounting and
finance salary and hiring trends,
download the full Robert Half
2016 Salary Guide at
roberthalf.co.uk/salary-centre
2016
SALARY GUIDE