Finance and treasury staffers are still in demand, with a recent survey by Robert Half showing that 62% of finance executives at large companies think their finance departments are understaffed.
“The hiring market has really remained very competitive for a sustained period of time,” said Tim Hird, executive director at Robert Half Management Resources. “The overriding trend is that organizations of all sizes and all industries are experiencing talent shortages, and that’s resulting in recruitment and retention challenges.”
While the average increase barely budged from last year’s, some positions saw bigger gains. The best average increases were seen by managers of treasury/finance and financial reporting specialists, both showing an average 5.1% increase in base salary.
Lamech noted that financial reporting specialists had seen their pay rise just 1.7% in 2015, so the 5.1% surge in 2016 might have been an offset to the below-average gain the year before.