Salaries of accounting and finance personnel continue to increase, according to a new survey.
Accounting personnel saw their average salaries rise 3.5 percent compared to last year, while finance personnel received a 4.2 percent boost, according to a survey of 1,587 organizations by Watson Wyatt Data Services. That beat the 3.1 percent rise last year for accounting personnel and 3.2 percent for finance employees over the previous year.
The biggest boost of 7.8 percent or more went to five jobs tracked on the survey: top strategic/long-range planning executive; chief financial officer/top financial executive; top financial analysis executive; top shareholder relations executive; and shareholder relations administrator.
The Northeast, Southeast and West Coast regions experienced a 3.6 percent increase in salary, while the North Central and South Central regions saw a 3.4 percent hike. Average total cash compensation in the Northeast went up the highest, by 4.6 percent.
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