As EOFY is now over, review season is just around the corner! As recruiters specialising in Accounting and Finance, we know that this time of year comes with a lot of movement in the market. This is due to people feeling more at ease making a move with the financial year wrapped up and a strong desire to find a firm that can offer what their current firm can’t, including remuneration.
Staying up to date about salary trends and industry benchmarks is essential in making informed career decisions. Tyler Wren’s 2023/2024 Public Practice salary and benefits guide is a fantastic resource to see how you align with the current market taking into account location, seniority, and firm size.
Why Salary Insights Matter
Understanding the salary landscape is important for several reasons:
Negotiation Power:
- Salary discussions often play a pivotal role when starting a new job or renegotiating your current compensation. When you are informed of up to date salary data, it is much easier to engage in a confident conversation to negotiate a fair and competitive package.
Career Planning:
- Knowing where your salary stands with industry standards helps in setting realistic goals in terms of your career trajectory. With this information, you can make more informed decisions about job changes, promotions, or whether you want to pursue further education.
Specific Considerations:
- Compensation packages vary depending on factors like location, experience, and specialisation. An example salaries in Auckland tend to be higher than those in Christchurch. Understanding these regional differences can help you make informed decisions about where to work and live. The guide allows you to tailor the insights to your specific circumstances.
Retaining Talent:
- Employers also benefit from having access to salary data. It helps them gauge their compensation packages against industry standards, which can be instrumental in attracting and retaining top talent.
Tyler Wren’s Public Practice Accounting Salary Guide not only empowers professionals with the knowledge they need to make informed career decisions but also contributes to a more transparent industry. Whether you are just starting your career or looking to take the next step, this guide is your key to unlocking your earning potential in the world of accounting.
If you are interested in having a confidential discussion to discuss your specific circumstances and career goals, reach out to one of our experienced recruiters today.
Find out more about Tyler Wren’s Public Practice Recruitment Here.