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2021 Robert Half Salary Guide

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2021 Robert Half Salary Guide Contents 2 Hiring Trends 31 Benefits and Perks 12 Using the Salary Tables 35 Resources 13 Salaries 37 About Us 28 Adjusting Salaries The Salary Guide is solely for noncommercial use, and the copyright is the exclusive property of Robert Half International Inc. This guide shall not be reproduced or disseminated in any part without Robert Half’s written permission. © 2020 Robert Half International Inc. Quick Links Hiring Trends Hiring Trends Using the Salary Tables In challenging times in particular, businesses Financial staff key in uncertain times Salaries must be nimble and innovative. This has never been more true than today. Since the pandemic began, widespread business closures and sheltering advisories have caused Adjusting many industries to retrench. Others, however, Salaries Experts are urging the public to think long- term and accept that effects of the COVID-19 remain resilient. We are seeing hiring for pandemic may not end soon. Some economists financial staff in technology, healthcare, property Benefits management, financial services and roles that and Perks expect continued disruption, while others see a relatively stable new normal. In this environment, keep cash accounts strong — billing, accounts managers need guideposts. receivable and collections. Resources Robert Half has been reporting hiring trends About Us and salary forecasts for 70 years. As the world’s leading specialized staffing firm, we are an of workers want to work authority on hiring in the accounting and finance remotely more often after professions. This guide covers the information 74% the pandemic. managers need, including shifts our recruiters Source: Robert Half survey of more than 1,000 workers in the U.S. have identified in the industry and the starting salaries we expect to see for positions in 2021. © 2020 Robert Half International Inc. 2O21 SALARY GUIDE | ROBERT HALF | 2 Quick Links Hiring Trends In addition, companies are recognizing that Having to work remotely has further highlighted attracting and keeping capable accountants, the need for financial professionals with strong In-Demand Using the analysts and auditors is critical in helping them business acumen who collaborate effectively, Positions Salary Tables regain their footing. By finding inefficiencies especially on tasks like financial reporting. and making accurate forecasts, professionals Completing SEC-mandated filings of reports • Accounting manager Salaries like these can help stabilize a business’s such as the Form 10-Q for investors will take balance sheet. longer because financial staff must evaluate • Accounts receivable/accounts payable roles Adjusting the current and expected impact of COVID-19 Salaries on the business, as well as update disclosures • Controller when circumstances change. Sarbanes-Oxley of senior managers say • Financial analyst Benefits maintaining morale has compliance is also more complicated with • Internal auditor and Perks been challenging during teams working remotely. Finance departments 44% the COVID-19 pandemic. need more time to conduct proper reviews • Loan administrator Resources and gather appropriate evidence, requiring an Source: Robert Half survey of more than 2,800 • Payroll manager senior managers in the U.S. earlier start to controls reviews. About Us • Staff and senior accountant CFOs require expertise in process automation and financial system optimization to drive cost CPAs, risk analysts and internal auditors are efficiencies. Companies will also need help instrumental in guiding businesses to improve implementing strategies such as centralizing cash flow and navigate an uncertain future. accounting departments and processes, And payroll administrators make sure staff are reshoring previously offshored or outsourced paid on time and companies comply with new functions to mitigate risks, and moving some regulatory guidelines. operations to lower-cost areas. © 2020 Robert Half International Inc. 2O21 SALARY GUIDE | ROBERT HALF | 3 Quick Links Hiring Trends Top 3 Hiring Changes Companies Using the Salary Tables Made Because of COVID-19 Salaries Adjusting Salaries Benefits and Perks Resources Conducted Shortened the Advertised fully remote interviews hiring process remote jobs About Us and onboarding 42% 42% 54% Multiple responses were permitted. Top responses are shown. Source: Robert Half survey of more than 2,400 senior managers in the U.S. © 2020 Robert Half International Inc. 2O21 SALARY GUIDE | ROBERT HALF | 4 Quick Links Hiring Trends More than 8 Why managers say they are concerned Using the in 10 managers Salary Tables are concerned Employee morale has suffered. Salaries about retaining Employees are managing Adjusting valued employees. heavy workloads and Salaries face burnout. Benefits and Perks Salaries have been cut with no plans for raises. Resources About Us Staff are dissatisfied with management. Employees have lost interest in working for the company. Multiple responses were permitted. Top responses are shown. Source: Robert Half survey of more than 2,800 senior managers in the U.S. © 2020 Robert Half International Inc. 2O21 SALARY GUIDE | ROBERT HALF | 5 Quick Links Hiring Trends Salaries expected to remain stable Soft skills needed for a shifting business landscape Using the While employers in some industries are Salary Tables reducing pay, permanent wage cuts in Unprecedented change is further driving the accounting and finance aren’t sustainable for need for accounting and finance staff with Salaries organizations that expect to retain their best sound critical-thinking skills who collaborate performers. Even with more professionals to effectively. But in these times, teams require choose from in the labor pool, in-demand steady reassurance. Business leaders must be Adjusting talent can still command competitive wages. Salaries empathetic, supportive and approachable. 37% Remote work no longer a remote Flexible staffing key to business Benefits and Perks possibility resilience of workers feel they are The pandemic has made work-at-home Departments that laid off employees still have underpaid in their current job. Resources arrangements a necessity for numerous work to be completed, yet they commonly businesses, including many accounting and only have resources to meet routine needs. Source: Robert Half survey of 2,800 workers in the U.S. About Us finance organizations that would have never To make sure they can accomplish all of their considered remote options in the past. The goals, employers are turning to flexible staffing, good news is that businesses and employees an adjustable mix of full-time and interim are finding this arrangement effective. Workers professionals. Organizations also work with are able to maintain high productivity levels, managed services providers who can oversee and, without geographic limits, companies and staff key initiatives, including addressing may now hire from virtually anywhere. New unforeseen issues, transaction backlogs and employees can begin working remotely on day one-time events demanding a rapid response. one with the latest technology tools and with the ability to support service needs around the world. © 2020 Robert Half International Inc. 2O21 SALARY GUIDE | ROBERT HALF | 6 Quick Links Hiring Trends These strategies allow managers to access Corporate and industry accounting specialized expertise and scale their teams as trends Using the needed, without overburdening full-time staff. Salary Tables Bright spots in a challenging business Experienced staffing professionals environment include the need for financial Salaries vital in trying times workers in these areas: There are many people looking for work now. • Construction — in fast-growing cities Adjusting Add in recent graduates, and hiring managers and to handle projects funded prior to Salaries have plenty of talent options. This is a mixed the pandemic 21% blessing, though, because a job posting can Benefits now easily yield hundreds of applications, • Government — as firms replace and Perks and the hiring process can be more time- retirees and hire staff who can of workers are less likely to consuming and increase the demands on upgrade outdated infrastructure negotiate salary than a year ago. Resources already-busy managers. • Manufacturing — as companies Source: Robert Half survey of 2,800 workers in the U.S. About Us There is also the possibility that the people reshore production back to the United companies need most aren’t among those States applying. Many employed candidates are • Nonprofits — as communities rally hesitant to switch roles. That's why firms to help individuals and businesses in are getting help from specialized staffing need agencies that can handle the recruitment and hiring processes. These staffing • Trucking, shipping and logistics — to professionals often know of candidates keep up with increasing e-commerce who are open to new opportunities, even activities if they aren't actively searching. © 2020 Robert Half International Inc. 2O21 SALARY GUIDE | ROBERT HALF | 7 Quick Links Hiring Trends Many corporate finance departments that are activity, staff are needed to help borrowers unable to bring in new talent due to hiring with mortgage and loan modifications. Using the freezes are relying on interim professionals Institutions also need specialists in risk, Salary Tables for billing, accounts receivable, collections, compliance, audit, fraud and forensics. and financial planning and analysis. Salaries Besides hiring more workers, financial services Public accounting trends
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