When it comes to salary guides in the UK, Hutcheon Mearns’ Salary Guide 2024/2025 is the definitive up-to-date tool you need, whether you’re an employer in the finance industry or a job hunter exploring opportunities in the sector.
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Hutcheon Mearns has released its Salary Guide 2024/2025, a comprehensive guide to what finance and accountancy professionals can expect to be paid.
Compared to other salary guides in the UK, it looks at more than 50 roles in the finance, accountancy, tax and treasury sectors.
For every role, it shows salary ranges, comparing what an employee can earn working for an SME, a corporate group as well as a not-for-profit or public sector organisation.
It also gives a PAYE (pay as you earn) day rate or the amount of income tax deducted from a salary before the employee receives it.
Aside from salaries, the guide covers factors like employee benefits and the importance of these to both employees and employers.
The guide is beneficial to both employees and employers by setting out clear and fair expectations right from the outset. It helps to ensure that compensation is fair, competitive and reflective of current market conditions. It also helps to speed up the hiring process, reduce misunderstandings and contribute to long-term retention and satisfaction in the workplace.
4 reasons for employees to download Hutcheon Mearns Salary Guide 2024/2025:
1. To set realistic salary expectations based on qualifications, experience and industry standards
2. To check if what you’re being paid is in line with your peers
3. To gauge where a company stands in comparison with its competitors
4. To gain more confidence when negotiating compensation packages
10 ways the Salary Guide will be useful for employers:
1. To stay informed about salary trends and expectations
2. To determine whether there’s a need to adjust salaries and develop more competitive compensation packages
3. To provide evidence-based data to justify salary offers during negotiations
4. To reassure applicants that wages are aligned with industry standards
5. To ensure compensation packages are on par with what your competitors are offering
6. To reduce the risk of losing candidates to your competitors
7. To ensure employees feel they’re fairly compensated and valued
8. To improve retention strategies
9. To confirm salaries are sustainable and in line with the company’s financial capabilities
10. To be better informed when it comes to workforce planning and budgeting
Among the salary guides in the UK, Hutcheon Mearns’ provides honest and transparent advice for those in the finance sector.
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