The East Midlands accountancy sector has shown notable growth, with significant salary increases reported between 2020 and 2023, according to the latest Cherry Professional Salary Survey. Salary levels in the region remain competitive compared to the likes of London and the South East, while outpacing regions such as the North West, Yorkshire and the West Midlands.
Despite these positive trends, there exists a clear dichotomy between employee preferences for flexible working arrangements and some organisations’ inclination towards traditional office-based work. This disparity highlights the need for a balanced approach to workplace flexibility to retain and attract the best talent.
Moreover, the survey stresses the importance of continuous professional development. In a rapidly evolving market, the provision of training and development opportunities is paramount for both employee satisfaction and organisational success.
As the sector moves forward, embracing a hybrid work model and investing in employee growth will be key to sustaining the East Midlands accountancy market’s strength and competitiveness.
“This comprehensive 2024 salary report provides invaluable insights into hiring and pay trends across permanent, contract, and interim finance roles in the East Midlands,” said Ian Machell, Director of Cherry Professional. “The data quantifies the resilience of this critical sector even amidst economic uncertainties. Continued salary growth and high demand for accountancy skills spotlights the enduring importance of finance talent for regional business growth. Together with flexibility trends and employer responses, the survey underscores the vitality of both the accountancy profession and East Midlands commercial landscape looking ahead to 2024.”
