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Resigning accountants receive huge counter-offers

Resigning accountants receive huge counter-offers

Contractor accountants may be interested to hear that the results of Robert Walters’ annual survey into accountants pay showed that those who did get a bonus this year, received increases in excess of 10%.

Marks Sattin, a leading accountancy recruiter, said a lot of companies are worried about losing key employees and are making counter offers to those who are considering resigning. In some cases they are offered up to 20% more than their current salary.

Accountants are obviously highly valued in the UK and 50% of them receive a counter offer when they hand in their resignation.

Companies in the banking, energy, FMCG and media sectors are all struggling to find qualified, experienced accountants and are leading the counter offer trend. Retail and investment banks are offering the largest salary increases in a bid to retain their key talent, according to Marks Sattin’s MD, Dave Way. Nearly 70% of employees have received salary increases to entice them to remain loyal to their current employer, he said. This trend is also increasing in Amsterdam, Dubai, Paris and Zurich. Way concluded by saying 2011 is the year of the counter-offer.

A report by CIPD/KPMG this summer found that a lot of employers are having difficulties finding staff and this was especially true when it came to filling accountancy roles. PWC, for example, grew by 6% this year and has been running a big recruitment drive to hire 3,200 new employees.

Young jobseekers may want to bear this in mind when they think about their future career options. It is not essential to undertake a degree course to become an accountant. There are various routes into the profession, including in-house courses and distance learning.

The UK urgently needs more young people to enter the accountancy profession otherwise we could end up with a massive skills shortage.

© 2011 All rights reserved. Reproduction in whole or in part without permission is prohibited.

Image: Money Box on Grass by Images_of_Money

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