2022 In Review – What Tax Professionals Have Been Asking Us In 2022…#2 Salary, Benefits & Remote Working

2022 In Review – What Tax Professionals Have Been Asking Us In 2022…#2 Salary, Benefits & Remote Working (1)

Here in a short series of blogs Barden’s tax experts Aideen Murphy and Aoibhín Byrne, share their insights on what tax professionals have been asking us in 2022, covering off tax talent, salaries and benefits, and whether tax professionals prefer to work remotely or on-site.

Next up Aoibhín Byrne, expert recruiter in tax, treasury and practice careers, takes a closer look at salaries and benefits over the last year, and how tax professionals really feel about remote working.

How have salaries/benefits changed?

The following gives a brief snapshot of the average base salaries we are witnessing across Dublin and Cork.

Dublin

  • Recently Qualified Industry €60k – €65k
  • Industry up to 2 years PQE €70k – €80k
  • Industry up to 4 years PQE €80k – €90k
  • Industry 4+ years PQE €90k+
  • Recently Qualified Practice €45k – €55k
  • Assistant Manager Practice €55k – €60k
  • Manager Practice €60k – €67k 

Cork 

  • Recently Qualified Industry €50-55k
  • Industry up to 2 years PQE €60-65k
  • Industry up to 4 years PQE €70-75k
  • Industry 4+ years PQE €80k+
  • Recently Qualified Practice €45-50k
  • Assistant Manager Practice €50-55k
  • Manager Practice €60-65k

Benefits vary business to business, practice to practice but can include bonus, employer pension contribution, health, wellness subsidy, working from home (WFH) allowance, equity, accounting and tax body membership fees.

Do tax professionals want to work remotely or on-site? 

What businesses want…

  • Fully remote – a less popular approach, these best suits businesses that have a dominant non-Irish based team (5% – 7.5%).
  • Hybrid – the most popular approach, on average we are seeing an expectation of 2/3 days in the office (80-85%).
  • 100% office based – some small firms are still fully office based as they are client facing, some firms are also keen to have their trainees 100% on site for the duration of their training contract (5% – 7.5%).

What professionals want…

  • Fully remote – dependant on circumstances, those who are based outside the cities and have personal/family commitments (10%).
  • Hybrid – the most popular approach, many professionals are still keen to collaborate in the office at least 1-2 days per week (80%).
  • 100% office based – some trainees/junior staff are keen to learn in an office, some professionals also don’t have a suitable setup to work from home.

Many organisations are still figuring out their remote working policies. Both professional service firms and corporate organisations tend to have a preference for tax professionals to be available to work in the office from time to time. This may be one day per week or up to three. Very few firms/companies require employees to be in the office full time and where this is required it can be seen as a disadvantage to potential employees. From an employee and an employer perspective, the general consensus is that a hybrid approach works best.

Where do you see yourself in 2023?

If you’re asking yourself this question get in touch and we can help you figure it out…

Aideen Murphy, Partner, Barden Cork at aideen.murphy@barden.ie

Kate Flanagan, Partner, Barden Dublin at kate.flanagan@barden.ie

Aoibhín Byrne, Expert Recruiter in Tax, Treasury and Practice Careers, Barden Dublin at aoibhin.byrne@barden.ie

 

At Barden we invest our resources to bring you the very best insights on all things to do with your professional future. Got a topic you would like us to research? Got an insight you would like us to share with our audience? Drop us a note to hello@barden.dev.perpetualdigital.ie and we will take it from there. Easy.

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