Hays Senior Finance Reveals Demand for Finance Chiefs in Essex and East Anglia

LONDON, Feb. 1, 2011 /PRNewswire/ -- Hays Senior Finance has revealed that finance professionals in Essex and East Anglia are enjoying a rise in demand for their business management skills and commercial know-how, according to research from the leading recruiting expert. Two-thirds (67 per cent) of employers say retention of qualified accountants will be a key priority in 2011, with four in 10 (40 per cent) worried they won't be able to hold onto their star players. The research suggests they may have good reason to worry, with two-thirds (67 per cent) of senior finance professionals saying they intend to look for a new job at the start of the new year.

In Essex and East Anglia, chief financial officers (CFOs) and group finance directors in large corporate organisations can earn between 120,000-250,000 pounds Sterling and finance directors (FDs) are typically paid 100,000-150,000 pounds. Competition has already intensified to the extent that senior finance professionals routinely receive more than one job offer.

Karen Young, regional director of Hays Senior Finance in Essex and East Anglia, said: "Employers are increasingly being trumped by lucrative counter-offers, as CEOs and board directors attempt to hang onto their finance chiefs. Talented qualified professionals are increasingly being sought-after for financial analysis roles, or to help mitigate operational or business risk.

"The war for talent is highly competitive and therefore many finance leaders can look forward to a more rewarding 2011. Even in parts of the region which traditionally pay at the lower end of typical pay scales - such as in the Fens, the Norfolk Broads or in rural Suffolk - employers are likely to have to revise offers upwards to attract top talent. Senior finance people and other qualified accountants in cities like Chelmsford or Cambridge can expect packages at the upper end of the range. The absence of a Big Four accounting firm in Essex, which means there are fewer newly qualified chartered accountants coming through the ranks, may be a factor driving up salaries, especially in Romford and elsewhere in the Thames Gateway."

About Hays:

Hays plc (the "Group") is the leading global professional recruiting group. The Group is the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in the UK and Australia and one of the market leaders in Continental Europe. The Group operates across the private and public sectors, offering IT jobs, marketing jobs and architecture jobs, amongst others, in permanent positions, contract roles and temporary assignments.

As at 30 June 2010, the Group employed 6,845 staff operating from 270 offices in 28 countries across 17 specialisms.

SOURCE Hays