Business Irish

Saturday 24 August 2019

8 out of 10 chartered accountants got pay hike

Adding up: Accountants were rewarded with pay hikes and bonuses
Adding up: Accountants were rewarded with pay hikes and bonuses
Ellie Donnelly

Ellie Donnelly

Eight out of 10 accountants received a "significant" pay hike in the past three years, and average pay for a chartered accountant in Leinster grew 3.1pc to €112,580 last year, according to a survey from the Chartered Accountants Leinster Society.

The figures take into account perks such as a car allowance and bonus.

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Pay rises are being driven by increased competition for qualified staff.

Out of over 1,000 chartered accountants surveyed, just over eight in ten said they had received a "significant" salary increase in the last three years.

The majority are also expecting to receive a bonus this year, with an average expected gratuity of €22,700, up from €21,800 last year.

Meanwhile, half of those surveyed said they would sacrifice 10pc of their pay for a better work-life balance or to have flexible working arrangements.

Brian Murphy, chairman of Chartered Accountants Leinster Society, said: "The survey shows strong demand for chartered accountants, with growing earnings potential and considerable career opportunities."

"Chartered Accountancy remains the largest single employer of new graduates in Ireland, and Chartered Accountants Ireland offers a range of flexible entry-routes into the profession, so students can work and learn in a way that best meets their individual needs."

With near full employment in the country, employers are finding it increasing difficulty to hire and retain qualified staff.

Irish Independent

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