Skills shortages expected for accounting and finance specialists in 2016

As SME businesses look to reduce costs, increase their profits and streamline their headcount, the responsibilities of the CFO and Financial Director have intensified, resulting in an average increase in salaries of 33%.

Financial analysts will continue to be in high demand, with salaries increasing by 14% on average, as companies look to better position themselves for what is going to be a challenging year ahead.

There is a huge expectation that candidates looking to move into CFO and Financial Director roles, are able to add value from both a strategic and operational perspective.

The results of the Robert Walters Salary Survey reveal that across Commerce & Industry, a premium will be paid for specialist skill sets and this will be particularly evident when reference is made to skilled Employment Equity candidates.

Nic Sephton-Poultney, Country Manager at Robert Walters, comments:

“As organisations look to streamline their headcount, the responsibilities of the CFO and Financial Director have intensified. There is a huge expectation that candidates looking to move into CFO and Financial Director roles, are able to add value from both a strategic and operational perspective.”

“Given the current economic instability within South Africa; companies are looking to their financial analysts to provide them with the key insights as well as an evaluation of the market environment, allowing them to best position the company for what is going to be a challenging year ahead.”

2016 Salary Update:

  • Chief Financial Officers and Financial Directors within SME’s will see salary growth of 33% on average in 2016
  • Finance Analysts within Commerce & Industry will see a increase of 14% on average in 2016
  • This compares to a rise of 8.5% across all Commerce & Industry roles in South Africa.
Find out what you’re worth using the Robert Walters Salary Survey.

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