As the world economy is rapidly getting back on the growth track, the result is also visible on accounting jobs and salaries. Due to business development and launch of various new financial projects, there are remarkable increase in job opportunities and rewards or salary paid to the accounting and financial professionals. Companies are ready to pay a very good amount to attract skilled and talented people. This is the right time when the financial personals are more confident than ever before and they are getting ambitious to play a more important role in the organization and its management.
In the last 12 months approx. 78%, accounting and professionals were awarded a hike in salary by 9% to 12%. The amount was pretty higher in finance management (14%) and taxation (16%) field. In recent time the entire UK is experiencing the lack of qualified and skilled accounting employees, so these initiatives are actually the incentives to retain the existing employees and attract the new ones. All these will hopefully increase accountancy recruitment in London.
While the skill is in demand so the accounting and financial experts are loaded with high confidence and looking for better opportunities. No doubt, a large number is about to take place in the market in a very short period. Surveys indicate that near about 66% of the accounting employees are planning to change the job or company within a year. Employers are also considering this trend and are taking the incentive steps. Provision of the 25-day annual leave with salary and employers’ contribution to the pension fund are some of them.
Though the idea of switching is not inspired only by the salary point, they are seeking for better future opportunities to learn, grow and make their own identity within the organization and beyond the office complex. Moving towards the big city is mainly aimed to get a better lifestyle for an employee and his family and it also allows him to work on a big horizon.
A notable and interesting thing that has been visible in accountancy recruitment London as the demand of qualified accounting personals are highly demanded by all the sectors of the market such as medical, education, manufacturing, service, retail, construction and distribution. So there is an equal demand of the newly qualified accountants and the post-graduate experience holder accounting persons according to the type of enterprises.
When there is a tremendous demand of skilled and qualified accountants and they are being paid well, many people will attract toward this sector so it is also a good time for institutes providing training in related accounting courses. In the near future, this sector will also experience the demand and launch of new institutes with some better courses and education schedules.