Quo Vadis Opinions

29 April 2007

Accountants take pay cuts


Accountancy Ireland (April 2007) state the latest Robert Walters salary survey reports a new trend.

Apparently more and more accountants are choosing to take pay cuts of up to 10% to move from banking and financial services to the commerce and industry sector. Traditionally the banking and financial services sector have paid the highest salaries at all levels of skill and seniority. Accountants with experience in this area are highly valued and rarely have difficulty moving jobs.

Most of the people switching have 3 to 4 years post qualified experience so they’re accepting a significant life time decrease in their potential earnings.

Work life balance including shorter commuting times are the main reasons cited for candidates switching.

So even in the high citadels of finance, people are beginning to realise quality of life is more important than quantity of money.

So what about you?. Is your quality of life being adversely impacted by your job?