Page 6 - Cox Purtell Salary Guide 2019 COMPLETE

ACCOUNTING & FINANCE

CURRENT TRENDS

DIGITAL DISRUPTION STAFF RETENTION

The rise of automation & robotics is changing Demand for accounting & finance
the face of the Accounting & Finance professionals with qualifications and
industry worldwide. experience is high, and this is expected
to increase in the next financial year. The
It’s predicted that up to 40% of transactional continued strength of the labour market
accounting roles will be automated by 2020. coupled with increasing volumes of data,
However, it isn’t all bad news for the sector. puts accounting & finance candidates in a
More than just eliminating jobs, increased strong position.
automation will create new jobs and greater
demand for candidates with excellent Attracting quality candidates should
analytical skills. therefore be at the forefront of company
priorities. Offering competitive salaries,
flexible working conditions, and training
and development opportunities will greatly
improve talent attraction.

JOB GROWTH

While not as significant as other industries,
overall the sector has experienced job TOP DRIVERS OF ATTRACTION
growth from 2018-2019. Job ads for compli-
ance and risk roles saw particularly strong 1
growth, with an increase of 72% . This is likely Salary / Compensation
due to new legislation, leading businesses
to install new methods of risk mitigation. 2 Work-Life Balance

3 Development Opportunities

AREAS WITH GROWTH

Management +17%
GENDER SPLIT
Accounting +6%

Banking +3% 50% 48%

Finance +3%

2019 SALARY GUIDE | COXPURTELL.COM.AU 6