According to the latest “Workplace Insights Survey” by Accounting Principals, pay is not the top reason accounting and finance employees leave for other jobs.
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Get Your Report Now!The survey reports that respondents indicated the top reason for leaving is lack of career development opportunities (26 percent), Other top reasons include employees leaving for a better work/life balance (21 percent) and increased salary/compensation (21 percent).
Only 14 percent of hiring managers in the accounting and finance fields are willing to negotiate employee development opportunities during the hiring process.
Surprisingly, the survey shows salary is the thing finance hiring managers are most willing to negotiate (39 percent), ahead of vacation time (11 percent); flex time (11 percent); device benefits, such as phone bill reimbursement (7 percent); or job title (4 percent).
Another survey finding was that salaries are expected to increase in 2014. Half (52 percent) of finance hiring managers expect they will increase pay in 2014.
To view the survey results in full, please click here,