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Expect to pay a premium for specialist skills
The Robert Walters Salary Survey reveals that across commerce and industry, a premium will be paid for specialist skill sets – and this will be particularly evident when reference is made to skilled Employment Equity candidates.
The survey reveals that chief financial officers and financial directors within SMEs will see salary growth of 33% on average in 2016.
Finance Analysts within commerce and industry will see an increase of 14% on average in 2016, compared to an 8,5% increase across all commerce and industry roles in South Africa.
As SMEs look to reduce costs, increase their profits and streamline their headcount, the responsibilities of the chief financial officer and financial director have intensified, resulting in an average increase in salaries of 33%.
Financial analysts will continue to be in high demand, with salaries increasing by 14% on average, as companies look to better position themselves for what is going to be a challenging year ahead. Nic Sephton-Poultney, country manager at Robert Walters, comments: “As organisations look to streamline their headcount, the responsibilities of the chief financial officer and financial director have intensified. There is a huge expectation that candidates looking to move into these roles, are able to add value from both a strategic and operational perspective.
“Given the current economic instability within South Africa; companies are looking to their financial analysts to provide them with the key insights as well as an evaluation of the market environment, allowing them to best position the company for what is going to be a challenging year ahead.”