Salary Survey 2024

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Salary Survey

Salary Survey

Helping to grow great careers

and great businesses.

2024

SALARY SURVEY

2024

SALARY SURVEY

CONTENTS

Introduction

Page 2

Accountancy & Finance (Industry)

Page 3

Accountancy & Finance (Practice)

Page 5

Business Services

Page 7

Call & Contact Centre

Page 9

Financial Services

Page 11

General Insurance

Page 15

Healthcare

Page 17

Hospitality

Page 19

HR & Training

Page 21

Legal

Page 23

Manufacturing & Engineering

Page 25

Contact Us

Page 27

Food

Page 13

A&F (Industry)

A&F (Practice)

Business Services

Call & Contact Centre

Financial Services

Insurance

Healthcare

Hospitality

HR & Training

Legal

Manufacturing & Engineering

Food

2024

SALARY SURVEY

INTRODUCTION

Thank you for taking the time to read HRC Recruitment’s Salary Survey for 2023/24. We’ve spent

months gathering data from clients, candidates, consultants and job boards to bring you the most up-

to-date insights for the Scottish market.

In 2023, job vacancies have remained high in the past year despite falling from the peak in May 2022,

with resignation rates also persisting as employers find it hard to keep up with inflation.

2023 has been a tough year for most due to uncertainty and economic challenges, rising inflation, the

cost of living crisis, and high-interest rates. This has undoubtedly caused significant pressures for

businesses worldwide, impacting cash flow, turnover and profitability.

The pandemic has transformed the future of work into the present reality, even a few years later.

Many businesses have continued to focus on adapting to the changes in hybrid working, employee

well-being and technology automation. Companies are increasingly hiring based on skills rather than

qualifications, while employees seek more flexibility and better well-being support on top of a good

salary.

Whatever your recruitment plans are for the year ahead, HRC would be delighted to support you.

Whether you need temporary solutions or permanent hires, entry-level candidates, or senior

appointments, our teams of experts are poised to help you achieve those goals. Indeed, this salary

survey is designed to give you a competitive edge in attracting talent to your business. The

knowledge of the figures candidates seek in particular roles will only strengthen your offering in your

particular market.

We hope you find this helpful reading. Best wishes for the months ahead.

Hilary Roberts, Chief Executive, HRC Recruitment

2024

SALARY SURVEY

ACCOUNTANCY & FINANCE (INDUSTRY)

From newly qualified accountants to CFO roles, the Accountancy & Finance (Industry)

market has been increasingly fast-paced throughout 2023. Salaries have been steadily

increasing, and this candidate short market shows no signs of stabilising.

Two key areas suffering from staggering skill shortages are Credit Control and Payroll. Post-

COVID-19 pandemic, the payroll profession has been impacted by many people leaving the

profession. Credit Controllers are increasingly in demand due to economic pressures and

focus on cash flow.

To attract the brightest and best, many of our clients have had to reassess several aspects

of their offerings, including flexibility options, development and progression pathways,

overall benefit packages and the technology in use. Candidates can - and have been -

asking for more.

Another key thing our clients have had to consider is the efficiency of their own recruitment

process. Hiring timetables that stretch out for weeks on end will see candidates turn down

an offer on a role for another one with a quicker turnaround.

The salary bandings we have provided come from months of monitoring the Accountancy &

Finance industry market and researching the different types of roles we often recruit for. We trust

your firm will find this useful information when it comes to attracting and retaining talent.

If you would like to speak to our Accountancy & Finance (Industry) team regarding your

recruitment needs, please get in touch with our Director, Margaret Richmond, by emailing

mrichmond@hrcrecruitment.co.uk

2024

SALARY SURVEY

ACCOUNTANCY & FINANCE (INDUSTRY)

NON-QUALIFIED

Accounts Payable

£22,000

£28,000

Accounts Receivable

£22,000

£28,000

AP / AR Supervisor

£32,000

£42,000

From

To

AP / AR Manager

£40,000

£50,000

Credit Controller

£23,000

£30,000

Credit Control Supervisor

£32,000

£45,000

Credit Manager

£40,000

£60,000

Payroll Admin / Senior

£21,000

£30,000

Payroll Supervisor

£30,000

£42,000

Payroll Manager

£45,000

£65,000

Accounts Assistant

£23,000

£30,000

Part Qualified Accountant

£28,000

£40,000

Assistant Accountant

£27,000

£38,000

QUALIFIED

Newly Qualified Accountant

£45,000

£50,000

Financial Analyst

£40,000

£50,000

Management Accountant

£45,000

£55,000

From

To

Financial Accountant

£45,000

£55,000

Systems Accountant

£45,000

£70,000

Finance Manager

£50,000

£65,000

Financial Controller

£65,000

£85,000

Head of Finance

£70,000

£90,000

Finance Director

£80,000

£140,000

Group Finance Manager

£55,000

£75,000

Group Financial Controller

£75,000

£120,000

Group Finance Director

£100,000

£200,000

2024

SALARY SURVEY

ACCOUNTANCY & FINANCE (PRACTICE)

There is - without doubt - a talent shortage within the industry, particularly in Tax and

Audit roles. Part-qualified and newly qualified candidates also remain scarce.

If you would like to speak to our Accountancy & Finance (Practice) team regarding your

recruitment needs, please get in touch with our Director, Margaret Richmond, by emailing

mrichmond@hrcrecruitment.co.uk

Many firms have struggled to attract talent in the past year, with salaries, benefits

packages and lack of professional development opportunities at the heart of many failed

recruitment drives. Practice candidates have made it clear that they want the ability to

progress, learn, and grow within whichever firm they end up in.

Salaries, too, have to be competitive (and the bigger picture benefits package has to go

beyond the usual bullet points).

As for HRC Recruitment, we have expanded our Accountancy & Finance (Practice) offering by

reshaping our division and adding new consultants to the team. We provide temporary and

permanent candidates for our clients across Scotland, working with the Big 4 and SME firms.

The salary bandings we have provided come from months of monitoring the Accountancy Practice

market and researching the different types of roles we often recruit for. We trust your firm will find

this useful information when it comes to attracting and retaining talent.

2024

SALARY SURVEY

ACCOUNTANCY & FINANCE (PRACTICE)

AUDIT

Trainee 1-2 Years

£23,000

£28,000

Trainee 2-3 Years

£28,000

£36,000

Senior

£30,000

£45,000

From

To

Assistant Manager

£40,000

£60,000

Manager

£50,000

£70,000

Senior Manager

£60,000

£75,000

Director

£75,000

£75,000+

BUSINESS SERVICES

& ADVISORY

Trainee

£21,000

£25,000

Assistant

£23,000

£28,000

Senior

£30,000

£38,000

From

To

Assistant Manager

£40,000

£50,000

Manager

£43,000

£65,000

Senior Manager

£50,000

£70,000

Director

£70,000

£70,000+

TAX

Trainee

£22,000

£25,000

Assistant

£26,000

£28,000

Senior

£28,000

£40,000

From

To

Supervisor

£35,000

£45,000

Assistant Manager

£42,000

£50,000

Manager

£50,000

£65,000

Senior Manager

£55,000

£70,000

Director

£75,000

£75,000+

CORPORATE FINANCE

Executive

£40,000

£50,000

Assistant Manager

£38,000

£60,000

Manager

£45,000

£70,000

From

To

Senior Manager

£55,000

£80,000

Assistant Manager

£42,000

£50,000

Manager

£50,000

£65,000

Senior Manager

£55,000

£70,000

2024

SALARY SURVEY

BUSINESS SERVICES

We have spent time gathering data from our clients and candidates to prove a

comprehensive salary banding for the roles we typically recruit for. We trust that

this will be useful when it comes to setting salary brackets for your 2024

recruitment drives.

Some positions are paying slightly more due to specific skill requirements and knowledge

needed to be successful for the role, and many are looking for experience from a similar

background. However, additional employee benefits on top of a salary also play a big part

in whether or not a candidate takes a job. Some main benefit trends we will see in 2024

include mental health, financial wellbeing, family-forming and menopause support.

By looking at salary bandings across the various job titles we see in our industry, we feel

we are best placed to advise our clients on how to attract (and retain) the best talent for

their business.

Salaries across the Business Services space vary depending on the type of

business/market sector and the organisation’s size. Because of this job, titles also

tend to overlap.

If you would like to speak to our Business Services team regarding your recruitment needs,

please get in touch with our Director, Margaret Richmond, by emailing

mrichmond@hrcrecruitment.co.uk

2024

SALARY SURVEY

BUSINESS SERVICES

OFFICE SERVICES

Administrator

£22,000

£26,000

Mailroom / Facilities Admin

£20,000

£26,000

Data Administrator

£22,000

£25,000

From

To

Sales Administrator

£21,000

£25,000

Customer Service Administrator

£21,000

£27,000

Project Administrator

£25,000

£30,000

Senior Administrator

£25,000

£30,000

Office Co-ordinator

£23,000

£30,000

Receptionist

£22,000

£28,000

Secretary

£24,000

£30,000

PA

£25,000

£35,000

Office Manager

£30,000

£40,000

Operations Manager

£35,000

£60,000

PA to CEO / Board Level

£28,000

£38,000

CUSTOMER SERVICE

Customer Service Advisor

£19,000

£23,000

Customer Service Manager

£30,000

£35,000

Sales Executive

£21,000

£25,000

From

To

Sales Manager

£32,000

£45,000

Account Manager

£25,000

£35,000

MARKETING

Marketing Assistant

£25,000

£30,000

Marketing Executive

£28,000

£35,000

Marketing Manager

£35,000

£50,000

From

To

Marketing Director

£50,000

£80,000

2024

SALARY SURVEY

CALL & CONTACT CENTRES

The Call and Contact centre area has seen much less movement in the market as

fewer roles are advertised in the contact centre space.

If you would like to speak to our Call & Contact Centre team regarding your

recruitment needs, please get in touch with our Director, Margaret Richmond, by

emailing mrichmond@hrcrecruitment.co.uk

Candidates are now considering additional benefits before moving instead of

just salary. As a minimum, most candidates are looking for a hybrid working

option, as this has become the new normal after the last couple of years.

We have gathered data from our clients and candidates to prove a comprehensive

salary banding for the roles for which we typically recruit. We trust that this will be

useful when it comes to setting salary brackets for your 2024 recruitment drives.

At HRC, we can provide support with large quantities of hires and with one-off

recruitment assignments such as managerial-level roles.

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