Ajilon Professional Staffing releases
2010 Salary Guide
Melville, NY – October 8, 2009 – Ajilon Professional Staffing, a leading professional staffing firm and a division of U.S. staffing giant Adecco Group North America, today announced the release of its 2010 Salary Guide. The guide, that combines national salary data with input from Ajilon’s hundreds of staffing professionals, reveals the estimated salary ranges for various finance and accounting positions at small-, medium- and large-sized companies in 75 major metropolitan markets across North America.
Despite the worst economic downturn since the Great Depression, the national average salary for finance and accounting positions is expected to decline only 0.85% next year, revealing the resiliency of the job market for finance professionals. Chief financial officers and Treasurers are among the positions that will witness a wage decrease with the national average salary for these positions expected to decrease 7.7% in 2010 compared to 2009. Other finance and accounting positions surveyed include: controllers, tax managers, accounting managers, accountants, internal audit staff, senior analysts, credit managers, accounts payable/accounts receivables supervisors, payroll managers, partners, managers and staff accountants.
According to the guide, the accounting profession is expected to grow in size and scope in 2010 as proposed changes in regulation and compliance create new roles for accounting professionals. Below are the results of recent surveys by Ajilon in partnership with the Institute of Management Accountants:
- The majority of accountants (86%) believe that the convergence from U.S. GAAP to International Finance Reporting Standards (IFRS) will have a positive impact on the finance/accounting profession.
- The demand for financial analysis, budgeting and forecasting due to the recession will be the #1 driver of job opportunities for accounting professionals, followed by the transition to IFRS and the economic stimulus package.
- No surprise, nearly 60% of accountants say they have been spending more time on cost-cutting initiatives as a result of the recession and financial crisis. Some of the things they have been doing to reduce expenses include: cutting discretionary spending; taking a harder look at business lines, product and sourcing; and increasing attention to driving reported earnings and cash flow.
- Fifty-one percent (51%) of accountants said they have imposed across-the-board spending and capital freezes as a result of the recession.
"Despite a still weak labor market, we are seeing continued demand for skilled finance and accounting professionals in almost all industries and regions nationwide," said Doug Arms, Chief Talent Officer of Ajilon Professional Staffing. "Companies that take a proactive approach to attracting and retaining this top talent – which includes providing a strong compensation package to their people – will be first to grow profit and regain market share when the economy rebounds. We are seeing the best and brightest pool of talent we’ve seen in decades; many companies are looking for creative ways to attract and retain this talent as we prepare for the upturn.”
For more information or a full copy of Ajilon Professional Staffing’s 2010 Salary Guide, contact your local branch at 1.866.GO AJILON.
Ajilon Professional Staffing Salary Guide Methodology:
The Ajilon Professional Staffing 2010 Salary Guide reflects feedback from Ajilon professionals regarding the estimated regional salary ranges for various finance and accounting positions in 75 top metropolitan markets across North America. Salary ranges vary depending on the location, job description (private industry, public accounting or data entry and payroll) and size of company (under $250 million in revenues, between $250 million and $1 billion and revenues, or over $1 billion in revenues). Data in the guide represent base salary only.