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Today’s news in brief – 26/1/2024

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Midlands’ accountancy firm Dains has moved to Two Chamberlain Square at Paradise Birmingham, occupying 12,147 sq ft on the third floor. The move reflects Dains’ commitment to its employees, providing an ideal work environment. CBRE represented Dains, and Avison Young advised MEPC and Paradise on the letting. Dains’ expansion, tripling in size over two years with 650 employees, aligns with its investment in Birmingham and dedication to a supportive work culture.

Finance professionals seek more than financial incentives, with working from home allowances topping the list, according to research by Robert Half. Amidst intensifying talent competition, flexible benefits programs, fuel allowances, meal vouchers, and dental insurance are key priorities. As almost half of finance and accounting managers plan to increase headcount, employers must offer attractive non-monetary benefits to attract talent. The shift reflects changing priorities influenced by remote work and the cost-of-living crisis, with employees valuing organisational values and flexibility.

The average salary in the accountancy and finance sector has risen by 4.2%, showcasing sector resilience and growth, albeit slightly lower than the previous year’s 4.7%, according to Reed’s annual salary guides. Wales and the North West experienced the highest wage growth at 6.8% and 6.7%, respectively, while the South East (3.3%) and West Midlands (4.4%) saw less growth. Alan Myers, accountancy expert at Reed, notes the sector’s evolving landscape, emphasising the importance of continuous learning in areas like data analytics and automation for competitiveness.

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