How to become and remain competitive in the marketplace.
A new salary survey of management accountants isn’t bad news. but it’s not great news either…
2011 finishes at new high. Average hourly earnings across all employees in the accounting and bookkeeping slipped slightly in the latest month, but rang in a solid gain year to year. With more than 970,000 workers, the Bureau of Labor Statistics calculates that workers earned $27.10 per hour in December, the latest month available, down from $27.10 in November, and averaging $26.51 for the year. The $26.51 rate for 2011 represents a 35-cent advance from 2010 and $2.68 more than in 2007, the first full year in the books
Now running at new high. Hourly earnings at CPA firms are running at an all-time high, according to new data available to CPA Trendlines. On average, earnings reached $31.20 per hour in 2011, up about 3.2%, for all employees. For just non-supervisory employees, wages gained 21 cents, reaching $24.20. In the last five years, earnings for management-level employees have risen 10.1%, while wages for all employees advanced 9.1%.
What recession? More accountants with jobs … ever. by Rick Telberg In the same jobs report that drove the NASDAQ to an 11-year peak, the accounting and bookkeeping sector recorded more people employed in the industry than ever before.
Accounting firms hire the most, pay less. The average salary for accounting majors is averaging up 3.7 percent to $50,500, according to a new survey of college graduates and the employers who hired them.
Defying national trends, accounting industry expands by 2,200 jobs. Total employment in the accounting and bookkeeping sector grew by 2,200 positions in June (preliminary, seasonally-adjusted), to 933,200, the fourth straight month of gains and the highest headcount since 944,600 in December 2008, according to new government data. The surge is being fueled by big gains in tax prep shops and in payroll services. CPA firms slimmed down after tax season, as usual, but headcounts are still running higher than a year ago.
Stuck at about $128,000 in total comp. Pay for finance and accounting executives is remaining essentially flat for the third year in a row, according to a survey by the Institute of Management Accountants of its members. The average salary increased 3.1% to $109,265 and total compensation increased 4.2% $128,486. But the IMA said “neither increase is statistically significant.” Unlike earlier years, total compensation in the latest year rose faster than base salaries. The IMA said more finance executives received raises this year, but the average amount of the raise has remained flat.