Red-Hot Thread
"The corporate brand is not only used to improve competitive
positioning and express company aspirations, it can also be a powerful
tool to motivate employees."
|
CFOZone Experts
Opinions and views from expert CFOZone members.
Tag >> salary
It looks like 2010 was a boom year for CEO compensation. According to a new analysis of proxies conducted by Towers Watson, median total cash compensation increased 17 percent for CEOs last year. This compares with a 3 percent median increase the prior year. To compute cash compensation, the consulting firm includes base salary, as well as annual and discretionary bonus payments.
|
|
Posted by Stephen Taub in tax services senior managers, tax accounting managers, senior tax accountants, Senior financial analysts, Senior compliance analysts, senior auditors, senior auditors, salary, Robert Half, financial analysis managers, Finance, careers, career/management, business analysis managers, Accounting
|
|
The unemployment rate may be stubbornly stuck above 9 percent and workers in most professions are afraid to ask for raises and feel like they are doing a lot more for the same pay. However, this is not the case with accounting and finance professionals. According to Robert Half International's 2011 Salary Guide, starting salaries in these fields are expected to rise an average of 3.1 percent in the coming year. Business analysts, tax accountants and financial analysts are among the professionals projected to see notable increases.
Salaries of financial executives and their staff continued to outpace national averages in 2009, and raises were also larger than other white-collar professionals. But the pay of lower level finance professionals outpaced those of CFOs and other senior-level types.
Average annual salaries for financial professionals increased by 2.5 percent in 2009 and were 13 percent above the national average, according to the Association for Financial Professionals' 2010 compensation survey.
But like other workers, CFOs, treasurers and their staff also enjoyed smaller salary growth than what they had been used to. The average salary increase for financial professionals in 2009 was a full percentage point below the average increase reported in 2008. Salaries went up 3.4 percent in 2008 and 4.5 percent in 2007.
As far as trends in pay for most employees go, looks like we'll see little growth in salaries, with a lot more in variable compensation. And, at least for accounting professionals, it might not be such a bad thing. That, at least, is the implication of two new studies.
|
|
