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20 SALARY SURVEY

CA MAGAZINE MARCH 2014

MORE THANfour out of 10 CAs inour annual UK salary survey say

their overall pay package has notkept pace with the cost of living, and

just over one in four say they have

had no increase in their basic salary

over the past 12 months.

For the three-quarters who did

receive a cost of living increase,

however, the median was in the 2.1

to 3 per cent range.

Meanwhile, austerity measures

continued to soften slightly over

the past 12 months, with fewer CAs

(27 per cent) reporting a pay freeze

(last year it was 34 per cent) and a

slight fall in the numbers reporting

reduced bonuses (see page 22).Nonetheless, around 10 per cent

report that they are very satisfied

with their remuneration and 65 per

cent are satisfied (the equivalent

figures for last year were 10 per cent

and 67 per cent). Of those polled,40 per cent say they would pursue

a new job if the right opportunity

came up and 9 per cent are actively

seeking a new job.

Ian Wilkinson, director at

recruitment consultants Wilkinson

& Associates, commented: The

jobs market for accountants is

presenting a mixed but improving

picture, and a sustained recovery

is far from certain. However, there

are signs now that employers are

realising they have to take the right

steps to attract and retain staff.

Wilkinson & Associates is akey recruitment partner of www.

CAJobs.org.uk - the official online

recruitment platform of ICAS.

IN OUR 2014 SALARY SURVEY, WE CHART PAY PACKAGES, WORK/LIFEBALANCE AND GENDER DIVISIONS FOR UK CHARTERED ACCOUNTANTS

THE STATE OF PAY

OVER THE

LAST YEAR

IN ASSOCIATION WITH

Has your overall pay

package kept pacewith the cost of living?

OVER THE

LAST FIVE

YEARS

50%

7%

43%

48%43%

9%

n

YESn

NOn

Dont know/not applicable

26%of CAs saw

no increase inbasic salary

For those who did receive a salaryincrease, the median was in the range

2.1%3%

Cost of living

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MARCH 2014 CA MAGAZINE

Partner/principal k

2-9 partners 81-90

10-49 partners 151-200

50+ partners (non-Big Four) 101-150

Big Four 300+

Director (Practice) k

2-9 partners 51-60

10-49 partners 81-9050+ partners (non-Big Four) 71-80

Big Four 101-150

Manager (Practice) k

2-9 partners 41-50

10-49 partners 41-50

50+ partners (non-Big Four) 41-50

Big Four 51-60

Auditor k

2-9 partners 31-40

10-49 partners 31-40

50+ partners (non-Big Four) 31-40Big Four 31-40

Managing director k

Private company

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22 SALARY SURVEY

CA MAGAZINE MARCH 2014

2014 2013

Pay freeze no increase in basic pay 26% 34%

Frozen bonus levels 12% 13%

Reduced bonuses 33% 38%

Bonuses scrapped or suspended 14% 15%

Sabbaticals reduced pay 2% 2%

Sabbaticals no pay 3% 3%

Reduced working hours/days voluntary 6% 7%

Reduced working hours/days compulsory 2% 2%

IN ASSOCIATION WITH

London

20%

England& Wales(ex London)

17%

Lothian,Borders &

Central Scotland

23%

Glasgow & Westof Scotland

20%

Grampian

14%

Highlands& Islands

2%

Tayside

2%

South WestScotland

1%

Where you are at Austerity measures

NOTE:As many respondents were entitled to a bicycleallowance as a final salary pension (12%)

1 Pension: money purchase 56%

2 Private healthcare 48%

3 Commission or bonus 41%4 Health insurance 37%

5 >25 holidays per year 34%

6 Buy or sell annual leave 30%

7 Car allowance 28%

8 Training assistance work related 27%

9 Pension stakeholder 19%

10 Share options 18%

Top 10 benefits

Regional differences in pay (median salaries) LONDON & SOUTH EAST ENGLAND (OTHER) SCOTLAND

k k k

CFO/FD 201-299 101-150 91-100

Financial controller private company 71-80 51-60 51-60

Financial controller listed company 81-90 71-80 71-80

Manager, professional practice (non Big Four) 51-60 51-60 41-50

Manager, professional practice (Big Four) 51-60 41-50 51-60

40% OF RESPONDENTSSAY THEY WOULD PURSUEA NEW JOB IF THE RIGHTOPPORTUNITY CAME UP

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MARCH 2014 CA MAGAZINE

IN ASSOCIATION WITH

Men and women: How the key roles are dividedPARTNER BIG FOUR

CHIEF EXECUTIVE/CHAIRMAN

CFO/FD

PARTNER MID TIER(10+ PARTNERS)

PARTNER SMALL FIRM(