TPP Finance Breakfast Seminar

30th June 2015

GUEST SPEAKERS

• ROSEMARY THOMASHEAD OF FINANCENATIONAL LITERACY TRUST

• MICHAEL CHUTERCHIEF EXECUTIVEPUMP AID

CHARITY FINANCE SALARY SURVEY 2015 – THE RESULTS• Survey results Feb-March 2015, across finance professionals in the

not for profit sector.

87% London/ Greater London

7% South East

1% North & Scotland

1% Midlands

1% South West & Wales

3% Unknown

85% Permanent

8% Temporary/ Interim

7% Contract

28% Director

27% Manager

21% Accountant

15% Officer

9% Assistant

41% Female

59% Male

HEADLINES

• Salaries up - 8% on average

• Biggest increases at junior and mid-level roles

• Significant difference in pay between men/women

• Flexible working – a popular benefit, but very much in demand

• Remit of Finance Director broadening - increasingly likely to be more than just traditional Accounting

4%

45%

39%

7%

5%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

Increased a lot Increased a little Stayed the same Decreased a little Decreased a lot

Salary Change

Seniority

• Director £66,325 ↑ 6%

• Manager £44,858 ↑ 1%

• Accountant £39,794 ↑ 19%

• Officer £25,492 ↑ 10%

• Assistant £25,573 ↑ 10%

Gender Gap

Size of Organisation

£59,704 £40,05749%

Large organisations

Small organisations

Location

£35,520 Avg

£49,569 Avg

40%

Benefits

Pension Contributions

• 73% Receive

• 15% want

Flexible Working Hours

• 40% Receive

• 24% Want

Season Ticket Loans

• 42% Receive

• 9% Want

Childcare Vouchers

• 20% Receive

• 7% Want

Life Insurance

• 32% Receive

• 18% Want

Medical Cover

• 16% Receive

• 36% want

Voluntary Leave/

Trusteeships

• 13% Receive

• 20% Want

Secondments/ Sabbaticals

• 3% Receive

• 15% Want

Car Allowance

• 6% Receive

• 12% Want

Other

2% Receive option to buy

holiday

RESPONSIBILITY FOR NON-FINANCE DEPARTMENTS

38% 36% 35%

30%

26%

• Finance & IT remain the biggest crossover, as reported in the CFG People & Pay Survey 2013

• 69% of Directors have responsibilities for other disciplines

How To Manage a Wide Variety of Functions

Rosemary Thomas

Experience

• Black and Veatch– Finance, IT, Acquisitions, MD of contracting company

• Diabetes UK.– Finance, HR, IT, Governance, Nations and Regions incl Fundraising,

influencing, volunteers

• Prince’s Charitable Foundation– Finance, Governance, Fundraising, Web development, Delivery of

environmental campaign incl a 10 day festival for 30,000 people

• Youth United Foundation – Interim Director incl Finance, Governance, Project Delivery,

Fundraising

• National Literacy– Finance, Traded Offer, People Strategy, Regionalisation

Finance as Base

• Finance gives a good understanding of an organisation.

• Natural interest in other areas and how to support them

• Skills: – Logic

– Project management

– Staff management

– Time management

Managing areas not expert in

• Don’t be afraid to rely on your team or ask

• Stand back from what they advise and ask ‘does it sound logical’

• Don’t be afraid to challenge

• Try and see the ‘coal face’ to gain an insight in their role

• Attend conferences etc. to acquire knowledge and network.

Managing multiple areas

• Time management

• Ensuring there is ring fenced time to catch up with each lead each week / fortnight

• Team plans for each area – track progress

• Delegate.

• Empower – within a framework.

• Keep list of actions and follow up.

Finance Director +

The increasing reach of the finance professional

Michael Chuter

Finance Director + The increasing reach of the finance professional

THE LOGIC FOR A WIDER BRIEF

• We are naturally numerate and analytical

• We are systematic

• We use tools that are impartial, non-partisan and universal

• We operate across silos not within them

WHAT TO DO WITH IT WHEN YOU’VE GOT IT

• Think beyond the money

• Predict the future

• Ask the silly questions

• Break down barriers

• Highlight and celebrate success

• Take a whole systems approach

• Be a critical friend

• Think twice (or even three times) before you say no

Thank you

Q&A