Accounting Salaries, Opportunities for 2019

Accounting Salaries, Opportunities for 2019Accounting Salaries, Opportunities for 2019Revel in your good fortune, top job candidates and employees. Managers across industries are sweetening accounting salaries, and when they can, theyre also providing mora scheduling flexibility to promote better work-life balance and make retention a priority.Whats influencing this trend? Its a combination of factors, including the growing bubble of retiring baby boomers, a dearth of highly skilled workers, rising regulatory requirements and an increasingly transient workforce as a result of accounting and finance professionals chasing higher accounting salaries and new opportunities.As the 2019 Salary Guide for Accounting and Finance Professionals points out, a good accountant is hard to find - now mora than ever. Heres what to expect in the coming yearGraying of the job marketPublic and private employers are seeking to replace retiring baby boomers, and this job market trend is expected to continue into the foreseeable future. A U.S. Bureau of Labor Statistics (BLS) report projects that 3.9 million more employees will leave the U.S. workforce in the decade before 2022 than during the previous decade.For companies, this exodus of boomers will mean a significant loss of institutional knowledge. And it comes at a time of intense competition for new skilled talent for accounting and finance roles. As a result, employers are turning to creative ways to recruit the best and brightest, including hires for entry-level accounting jobs, and providing them with intensive skills training. All this is good news for job seekers like you.The turnover revolutionBut its not only acquiring new talent thats occupying the attention of companies. A hallmark of the job outlook for the coming year is high turnover in finance jobs. Accounting and finance professionals are confident about their prospects on the job marke t, prompting firms to strive to keep their best workers. In an effort to make retaining top talent a priority, employers are offering higher accounting salaries and negotiating employee perks such as telecommuting and flexible work schedules.In-demand skills toolboxLooking for an edge in the job market? Companies are hiring accountants at all levels, according to the Salary Guide. Theyre also looking for financial analysts, payroll staff, controllers, internal and information technology (IT) auditors, and risk and compliance professionals. Hiring is especially strong in the healthcare, real estate, nonprofit, construction and technology sectors.On the skills front, businesses are placing more emphasis on skills, including the followingTechnical proficiency - especially with cloud-based systems like NetSuite and Workday, and with information security, big data analysis and database management software, especially SQLExpertise with risk - in compliance and internal auditGeneral know ledge of enterprise resource planning (ERP) systems - especially SAP, Oracle and Microsoft Dynamics GPIn-depth knowledge of the regulatory environmentAdvanced Excel expertise - and, in small and midsize businesses, QuickBooks competenceIn addition, todays collaborative and global workplace requires candidates with superb communication skills, project management abilities, team spirit and multilingual capabilities.Let us be your first resource as you seek a new job, salary increase or promotion. WORK WITH USThe view from the topThe years in-demand job categories include general accounting, analysis and compliance. Hiring trends show that the fastest-growing accounting salaries appear at all company sizes and for workers with varying years of experience.The following is a sampling of the years hot positions in corporate accounting and their midpoint salary projections. At the midpoint, candidates have average experience with the necessary skills to meet the job requirements, and the role may be in an industry where competition for talent is moderate.Accounting manager - $92,000Controller - $118,250Financial analyst - $51,500 (up to one year of experience), $67,000 (one to three years), $82,500 (senior), $102,500 (manager), $130,000 (director)Internal auditor - $46,250 (up to one year), $71,000 (one to three years), $87,250 (senior), $112,750 (manager), $179,250 (chief audit executive/vice president of internal audit, internal audit director)Payroll manager/supervisor - $72,750 Senior accountant - $77,750Staff accountant - $46,750 (up to one year), $62,000 (one to three years)The salaries listed in the Salary Guide reflect starting pay only and are based on actual placements throughout the United States, as well as an analysis of the demand for the role, the supply of talent and other market conditions. Bonuses and benefits are not taken into account.For unterstellung and many other positions, possessing a graduate degree or professional certification su ch as the CPA license, can put you at the higher end of the compensation tables.The 2019 hiring trends are clear Finance specialists are in demand, and accounting salaries are climbing upward as employers pursue top talent and strive to retain their most prized staff members.