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The average salary for people in the accountancy and finance sector has risen 4.2%, a small drop from the 4.7% seen last year, according to data from Reed.
As part of Reed’s suite of annual salary guides, it’s clear that the accountancy and finance sector remains to show some signs of resilience and growth due to the slight year-on-year salary increase.
Areas such as Wales (6.8%) and the North West (6.7%) have seen the biggest increase in wages in the sector.
On the other hand, the South East (3.3%) and the West Midlands (4.4%) saw the least growth.
This data about the sector covers job roles such as accounts assistant, bookkeeper, chief financial officer and credit controller.
Alan Myers, accountancy expert at Reed, said: “The accountancy sector finds itself at a crossroads after a period of talent shortages. Within a rapidly changing business landscape, advancements in technology are reshaping the industry, with both employers and professionals navigating the new landscape.
“The pandemic accelerated the adoption of digital tools, remote working and the importance of financial advisory services. These trends are here to stay and have profound implications for accountants.”
He added: “For employers in the sector, navigating the jobs market will require strategic planning and adaptation. Employers must recognise the current state of the labour market, with the much-reported shortage of skilled accountants becoming increasingly visible in financial statements.
“To stay competitive, encouraging a culture of continuous learning is essential, as businesses will need to upskill their teams in areas such as data analytics, automation and sustainability reporting to stay ahead.”
