Despite the inflation-busting pay rise almost 40% of accountants are on the look out for a new role.
A report from specialist accountancy recruiter Marks Sattin, also revealed 53% of accountants received a bonus of on average17.5% of their salary. This is an increase on last year when 47% received a bonus of 17.2%.
Total average remuneration reached £78,465 up from £75,034 last year, and an increase of almost £14,000 since 2010/11.
Almost half (46%) of those surveyed said they were satisfied with their salary, with 79% feeling secure in their role.
Dave Way, Marks Sattin managing director said, “Increasingly onerous regulatory pressure and demand for growth mean quality accountancy talent remains integral – a fact shown by the year on year increase in salaries. In many sectors businesses are pulling back on bonuses and focusing on the stability that salary growth brings but the fact that accountants are seeing growth in both shows the high premium companies are placing on talent retention.
“Many businesses and firms are looking to increase their accountancy headcount so we are likely to see a lot of movement in the jobs market over the next year. Expansion, career development and salary rises have returned to the fore of peoples’ minds after a few years of relative stability and consolidation.”
Pay for UK finance professionals shows no sign of slowing. Last month it was reported salaries are expected to outpace inflation by nearly four times.