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SALARY SURVEY 2013 - Robert Walters Singapore

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MILTONKEYNESMILTONKEYNESACCOUNTING&FINANCEMILTONKEYNESACCOUNTING&FINANCEACCOUNTING&FINANCE<strong>Robert</strong><strong>Walters</strong>GlobalSalarySurvey<strong>2013</strong>63Ouraccounting&financedivisioninMiltonKeynesrecruitspermanentandinterimfinanceprofessionalsatalllevelsthroughoutMiltonKeynes,Northampton,Hertfordshire,BedfordshireandStAlbans,acrossallsectorsforbothmajorblue-chipandsmallerSMEclients.MarketOverviewBothpermanentandtemporary/interimrecruitmentmarketsimprovedin2012,withjobvolumeshigherthanin2011.Mostdemandwasprimarilydrivenbybusinessesrecognisingtheneedtobecomemorecompetitive.Employersweretypicallyunderresourcedasaresultofpreviouscutbackswhichwerefurthercompoundedbyanincreaseinbusinessactivity.Wesawparticularlyhighdemandforaccountantsatthe£40-50ksalarylevel.Thistrendwasprimarilybeingdrivenbyreplacementhiringasaccountantsatthislevelsoughtnewchallengeshavingremainedintheirexistingjobsforasustainedperiod.Employersweretypicallyseekingfinanceprofessionalswithcommercialskillsandbusinesspartneringexperience.Wealsosawdemandforstrongtechnicalaccountantsalthoughtheseskillsremainedinshortsupplyinthecurrentmarket.Hiringalsooccurredatthemid-to-seniorlevel,withnotablemovementoffinancialcontrollersinthe£50-70ksalaryrangecreatingdemandfromemployers-thiswasespeciallythecaseinSMEbusinesses.Therewerefewerfinancedirectorvacanciesbycomparisonandtherewassignificantcompetitionforjobsatthislevel.Wesawasignificantnumberofbusinessrestructuresovertheyear,whichledtohiringofcontractors.Thedemandforcontractstaffoccurredatalllevelsasemployerslookedtoeithercoverbusiness-as-usual(BAU)activityorimplementefficiencyandrestructuringprogrammes.Employerscontinuedtobelievethatthereweresignificantvolumesofhigh-qualityprofessionalsreadilyavailableandseekingwork.However,therewasactuallyashortageofgoodcandidateswithindemandskillsets.Businessesthatlookedtoimplementanumberofinterviewstagesduringtherecruitmentprocessincreasinglymissedoutontheirfirst-choicecandidatesasaresult.Outlookfor<strong>2013</strong>Weexpectthemarkettomarginallyimprovein<strong>2013</strong>andwewillseeagradualimprovementastheyeargoeson.Weexpectconfidencereturningtothemarkettobethemaindriverasbusinessescommittothehiringofstaff.

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