More than half (60%) of private sector professionals do not believe that their current salary and benefits reflect their true value, according to the latest survey from the Spencer Clarke Group.
However, when asked if they would stay in a role with a lower salary if there was a promise of a salary increase in the future 30% of respondents said they would.
All in all it means, irrespective of age, gender or seniority, a high salary is the key priority and driver for accountancy and finance professionals.
Meanwhile, the report found that 36% of public sector accountants will be or are seeking a new job in 2025. Some 47% said a higher salary was the main reason (slightly lower than the private sector), with annual salary increments being the most desired perk (47%), followed by flexi time (16%) and a four-day week (10.5%).
Nearly 90% of public sector professionals ‘agree’ or ‘strongly agree’ with the statement: “A work-life balance is a top priority for accountancy and finance professionals today and is the most important factor after salary, followed by an appealing benefits package.”
Despite the findings, the report also found that 52% of public sector professionals are satisfied with their current earnings.
Interestingly, 63% of accountants in the public sector are confident they will earn their desired salary if they just stay in their current role.
Check out the full report at https://tinyurl.com/2nrk95rt
