Are you due a payrise? Find out now with the 2022 GAAPweb Salary Survey
Post pandemic recovery has brought a much welcome reward to the finance and accounting profession, with 58% of respondents reporting a salary increase. Find out whether you are due a pay rise by downloading our latest Salary Survey here.
As the UK’s leading job board for Finance and Accountancy professionals, GAAPweb set out to understand how post pandemic recovery has impacted the profession. We surveyed over 1,400 finance professionals, exploring key issues including salary insights, working hours and diversity and inclusion.
Key findings:
● 76% of respondents have 10+ years’ professional experience
● 58% received a salary increase
● 50% received a bonus
● 49% of respondents work for a global brand or FTSE 350 company
● 31% of respondents work in London
Download the report here.
Summary
Cutbacks to salaries and bonuses reported in our previous Salary Survey were restored. This year, 58% of respondents benefitted from a salary increase, up from just 36% in 2021. Boosts to salaries were present across a range of job titles, including many junior finance professionals, with 73% of Accountants Payable and 69% of Assistant Accountants receiving an increase. The average Accounting Assistant salary increased by 8% and finance manager salaries increased by 6% on average. The two most senior finance roles boasted six figure salaries, with the average Finance Director salary reaching £104,422, following a 10% year-on-year increase.
Fintech is once again the highest paid sector, with professionals earning £91,500 on average. London continues to reward the highest salaries within the UK and global economies have bounced back with average salaries for professionals working in Australasia reaching £80,000.
Progress has been made towards closing the gender pay gap, but average salaries for male finance professionals are still 20% higher than female salaries. Similarly, the ethnicity pay gap has widened, increasing from 9% to 20%.
Download our latest Salary Survey here to find out more about the key issues affecting the profession in 2022.