Newspaper article The Evening Standard (London, England)

Job Hot Spots See Salaries on the Rise for Those in Demand

Newspaper article The Evening Standard (London, England)

Job Hot Spots See Salaries on the Rise for Those in Demand

Article excerpt

DIGITAL marketers, accountants with group reporting and businessfacing skills and legal documentation review contractors are just some of those in line for pay rises this year.

While salaries are likely to remain stable for most staff, top performers who move jobs can expect notable increases, according to the Robert Walters Salary Survey 2012.

Banking and finance: Inflationbusting pay increases are being paid to in-demand staff to tempt them to move jobs, with banking operations professionals being offered salaries five to 10 per cent higher than in their previous role and compliance professionals up to 10 per cent more.

However, key compliance staff can earn as much as 25 per cent more and up to [pounds sterling]180,000 a year if they have strong product knowledge and good business partnering abilities.

Toby Fowlston, managing director of London permanent recruitment at Robert Walters, says: "With further regulations, such as Dodd-Frank and MiFID 2, to be rolled out in 2012, we expect demand for risk and compliance professionals to continue.

"We also expect cost to be a key concern for financial services firms throughout 2012. A significant proportion of financial services recruitment will initially be focused on driving improved efficiencies."

Accountancy within commercial businesses: Newly qualified accountants with one to two years' industry experience are in demand and are now receiving salaries of up to [pounds sterling]55,000 -- a noticeable rise on the [pounds sterling]50,000 a year ago, according to the Robert Walters Salary Survey.

Salaries are also on the rise for accountants with group reporting, commercial and/or business-facing skills. Wages for newly qualified CIMAs (Chartered Institute of Management Accountants) have risen from [pounds sterling]40,000 to [pounds sterling]45,000 in the past year and salaries for part-qualified accounts are up five per cent. …

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