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accoutant‘s good news (ZT)
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Accountants finally set for pay increase
From: News.com
Accounting and finance employees may be disappointed by small raises after two years of flat pay.
A MAJORITY of accountants and finance staff are likely to receive a pay increase in the next 12 months, having missed out in 2009, a new survey has found.
The research by specialist finance recruitment firm Robert Half found 69 per cent of organisations expect to increase their staffers' wages by up to 4.4 per cent.
Robert Half said this reflects a strengthening finance sector and moves to retain staff, with recent Australian Bureau of Statistics data showing a 23,000 increase in finance workers in the past three months.
"We have definitely seen this confidence reflected on the ground, with many of our clients looking for salary guidance given the changing economic environment," Robert Half director Andrew Brushfield said today.
The survey of 330 finance, accounting and HR professionals also found that 82 per cent of current staff expect a salary increase.
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Mr Brushfield cautioned that a meagre 4.4 per cent increase may not be enough to satisfy expectations.
"Many finance and accounting staff missed a pay increase in 2009 and have been waiting almost two years for a raise," he said.
"With inflation expected to peak at three per cent, employers can't expect their staff to be satisfied with only a 4.4 per cent salary increase."
The survey found that 30 per cent of employers are prepared to increase their finance and accounting staff this year, with 85 per cent of these planning to fill new positions rather than replace old ones.
As a result of the global financial crisis many organisations were forced to restructure their teams to increase productivity, while poor performers were shown the door.
"This situation has not only resulted in a number of new positions which now require filling, but has highlighted the true star performers and the need to support them," he said. |
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