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Salary Survey
Salary Survey Overview
An online national survey of accountants was conducted in July 2004 by BDO Recruitment addressing a range
of issues from salary levels to employee benefits. The survey was pilot tested with a number of practitioners to identify key salary / benefit issues that were of
particular interest to the accountancy sector. A total of 509 valid responses were received to the survey.
Survey Respondents Details
ACA qualified accountants were responsible for the largest number of responses. A total of 35% of responses came from Chartered Accountants while Certified Accountants generated 33% of all the responses received. 65% of respondents were qualified for more than five years. 66% of respondents were male while 34% were female. Dublin based accountants accounted for 45.5% of replies with a further 34.7% originating from Munster. 41% of accountants were employed in indigenous Irish companies while 38% worked with multi-national companies. 50% of respondents classified the sector they worked in the services sector while 23% indicated they worked in the manufacturing sector.
Salary Results
25% of respondents earn between 51k and 70k. 15% earn between 71k and 90k. 18% currently earn between 91k and 175k while 1% stated they earn over 175k. 85% of respondents who are qualified less than 5 years earn less than 40k. 100% of respondents who earn 175k are qualified more than eleven years while 89% of those earning over 121k are qualified more than eleven years.
Bonus & Benefit Details
70% of respondents indicated they are paid a bonus. 59% of those who receive a bonus receive it as a percentage of their salary, while 13% receive it as a percentage of profits generated. Over one quarter of respondents who receive a bonus (26.7%) stated their bonus is between 6% and 10%. A further 21.8% receive between 11% and 15% while 10.7% of respondents receive between 21% and 25%. A total of 40% of respondents indicated that they receive either a car allowance or company car. 20% of respondents stated they have a company car while a further 20% indicated that they receive a car allowance. 30% of surveyed participants who receive a car allowance receive between 9,000 and 12,000 gross while 41% receive a car allowance of less than 5,000. Less than half of the respondents employees make a contribution to their health insurance payments (48%).
Pensions / Share Options
69.1% of respondents receive a pension contribution from their employer as part of their salary package. 29% of respondents who receive a company contribution to their pension receive 10% or greater while 39% receive a contribution between 3% and 5% of their salary. 26% of respondents receive share options as part of their remuneration package. A total of 55% of respondents receive between 20 and 23 days annual leave while 29% indicated they receive between 24 and 26 days per annum. 25.6% of those surveyed indicated that their employers have considered benefit in kind saving mechanisms. 46.3% said that their companies have not considered such mechanisms while 20% indicated that they did not know.
Please contact us for a copy of our detailed salary survey results
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