Welcome to the Marks Sattin Salary Guide and Market Report for 2011.
2011 is set to be an interesting and potentially challenging year in the Accounting and Finance markets. With Australian businesses by and large escaping the worst of the GFC, job seekers in these markets are now increasingly in demand and we are seeing talent shortages in many areas. As a result of these candidate shortages, pressure on salaries is increasing across most markets. Counter offers have become more prevalent over the past 12 months as organisations look to retain their best talent. Candidates increasingly have new opportunities available to them, some internal but many external - with career progression being the most important consideration to candidates when looking for a new role. Recruitment processes are changing, with the best talent moving quickly and frequently having multiple opportunities available to them.
Employers need to take appropriate steps to manage their workforce in this competitive landscape. Smart employers are focussed on retention strategies to ensure they keep the best talent within their business. However, even with the best strategies in place, employers need to accept that some turnover is inevitable. Building talent pipelines is therefore essential, as well as having recruitment strategies that are nimble and can adapt to these changing market conditions.
Our 2011 Salary Guide and Market Report is based on a detailed survey of almost 2000 Marks Sattin candidates, as well as insights from our team of specialist consultants. We would be happy to discuss any of our findings in more detail and can provide market specific findings if required.
Scott Stacey
Managing Director, Marks Sattin
To view the Marks Sattin Salary Guide and Market Report for 2011-2012
please click here.