We were delighted to co-host the official launch event of the results of the Salary Survey 2022 from Chartered Accountants Leinster Society, in partnership with Barden, on Wednesday 7th September 2022. It is great to meet people face-to-face again!
For us here at Barden, it is essential that we can provide the best up-to-date and live insights when it comes to reward for the professionals we work with and to support them in making the most informed and strategic decisions for their professional futures.
As one of the team who specialises in the Newly Qualified market, I wanted to share some of my key findings from the results (Leinster-based salaries), and in particular, focus on those relating to Newly Qualified Accountants…
- The average basic salary for all Newly Qualified Accountants across all sectors is €55,455 – this is an increase of €922 on the 2020/2021 figures.
- The average salary package for Newly Qualified Accountants in Industry is €63,309.
- The salary package for Newly Qualified Accountants in all sectors is €58,967.
- There is unprecedented demand for Newly Qualified Accountants in the market at the moment. There has been a dip in supply for multiple reasons including a lot of Newly Qualified accountants moving abroad in the last 9 months and an increased number of companies hiring in 2022.
The key takeaway from this year’s salary survey is that a pattern has clearly been established over the last 12 months on the work-from-home policies, with 73% of members currently in a hybrid working arrangement. There are outliers to this of course, with 14% fully in the office and 13% fully remote. This level of flexibility seems to be remaining with us for the long-term which I think everyone will be happy about.
Opportunities have continued to increase this year, similar to the 2020/2021 trends, particularly for those at the newly qualified and manager level within industry and practice. Another point worth noticing is that 17% of participants are very satisfied with their work/life balance and 47% are satisfied (at all levels of employees – NQ to senior) which shows the transition back to the office has been relatively successful.
Finally, if and when moving roles 47% use recruitment agencies, 33% move roles through word of mouth and 32% were referred through their own network which shows the continued importance of networking, especially as in-person events return over the coming months.
I hope you found this information helpful and if you would like further information, please feel free to reach out to the Recently Qualified team here in Barden!
Coming out of your training contract in 2022? Do you want to make sure you make the very best first step after qualifying? Do you want a virtual coffee meeting with an expert recruitment consultant; someone who is a qualified accountant, just like you (meet some of our team here >>>)? Do you want a little help to create your very own best financial future? No problem. Just drop us a line today on firstname.lastname@example.org and we will take it from there. Simple.