As Demand For Skilled Professionals Rises, So Do Calls For Pay Bumps And Promotions
43 Percent of CFOs Say Raise or Promotion Requests Have Increased from Two Years Ago, According to Accountemps Survey
MENLO PARK, Calif., Nov. 20, 2014 /PRNewswire/ -- If managers are not already fielding requests from employees for raises and promotions, they soon may be, a new Accountemps survey suggests. An improving economy and higher demand for skilled workers means professionals are more confident in their job prospects and on the hunt for bigger paychecks and loftier titles. Forty-three percent of chief financial officers (CFOs) interviewed said the number of requests for raises or promotions has increased from two years ago.
The survey was developed by Accountemps, the world's first and largest specialized staffing service for temporary accounting, finance and bookkeeping professionals. It was conducted by an independent research firm and is based on interviews with more than 2,100 CFOs from a stratified random sample of companies in more than 20 of the largest U.S. metropolitan areas.
CFOs were asked, "Has the number of employee requests for promotions or raises increased or decreased compared to two years ago?" Their responses:
| Increased |
43% |
| Stayed the same |
44% |
| Decreased |
11% |
| Don't know |
2% |
| 100% |
View an infographic of the results.
"Employers must be proactive and closely scrutinize compensation levels to stay competitive and keep good staff," said Bill Driscoll, a district president with Accountemps. "Resources such as the 2015 Salary Guide from Robert Half can help managers benchmark salaries and better understand the complexities of today's hiring environment."
Driscoll noted there's more to retention than just offering salary increases. "It's better to be prepared than surprised by an employee's request for a raise or promotion," he said. "Now's the time to proactively connect with key team members to identify advancement opportunities and discuss viable career paths."
About Accountemps
Accountemps, a Robert Half company, is the world's first and largest specialized staffing service for temporary accounting, finance and bookkeeping professionals. The staffing firm has more than 340 offices worldwide. More resources, including online job search services and the Accountemps blog, can be found at accountemps.com.
Photo - http://photos.prnewswire.com/prnh/20141119/159759-INFO
SOURCE Accountemps
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