Salaries for accounting and financial services set to outpace other Scottish professions in 2018
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Demand for highly-skilled professionals means those in the accounting and finance and administration sector are set to experience significant starting salary increases in Scotland.
According to the Robert Half 2018 Salary Guide, the competitive market for high-performing talent within accounting and finance is set to drive salaries for financial controllers (3.7 per cent) and risk associates (3.3 per cent) in Scotland higher in 2018.
Similarly, skilled administrative professionals in Scotland are also expected to see an increase in salaries over the next year. HR business partners and executive assistants are set to see salaries rise by 3.7 per cent and senior administrative assistants by 3.1 per cent.
“In the year ahead, businesses will be navigating a number of local, regional and international factors, such as Brexit, automation, digital transformation and meeting data regulations” explained Ed O’Connell, Director, Robert Half UK. “However, the latest figures show Scotland has a reason to be cautiously optimistic with an established professional and business services sector supporting growth. However, like all regions, Scotland is grappling with a skills shortage and employers are willing to pay a price for those with the right skills to support their business goals in an effort to win the war for top talent.”
Average salary increases in Scotland, by professional occupation in 2018
In line with growth plans, Robert Half found that businesses are recruiting mid-level administrative and office professionals with the industry experience and systems knowledge in areas such as Microsoft, SAP and CRM to provide specialist support. Permanent, professional-level employees can expect to see a salary increase and often a bonus structure linked to the success drivers of the position.
Administration and office support highest salary rises by role in Scotland
Financial controllers and risk associates who can combine technical skills with commercial awareness and business acumen are being sought after as firms focus on improving the overall productivity of the finance function. There is also growing demand for CFOs who can transform finance and introduce greater automation.
On the whole, starting salaries within finance and accounting will increase over the next 12 months and those professionals with specialist skills or industry-specific experience are likely to benefit from the greatest increase.
Accounting and finance highest salary rises by role in Scotland
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