Our Salary Survey publication is getting closer. We have just had a sneak preview and we have some super data. We are more than sure our contributors are going to be pleased with the level of detail across multiple fund types and sizes. We’ve also got some special insights into gender split across all roles and levels this year.
There are no real surprises in what the data shows, but it really brings home the issues. Judge for yourself!
Back To School – Ensuring Staff Retention on their return from Holiday
September always feels to me the like start of the school year. And many people get back into the office invigorated after their summer break. A couple of weeks on the beach is a great way to relax and destress – it’s also a great opportunity to reassess career choices. The number of applications to our online job advertisements surge in September. Applications can be up by 30% at this time of year.
Gold dust is easier to find and less costly to lose!
Hiring at junior levels and growing your own is the best long-term strategy for your finance team. If you want a junior then attracting a good one from the big four or the specialist administrators is probably your best bet. You should be able to entice them with a winning combination of slightly higher compensation and the private equity appeal of becoming client rather than service provider.
Once you’ve got them then you want to make sure you keep them. On the plus side, good fund accountants tend to be loyal hard working people who value being part of a team and enjoy working in an in-house environment. So if your Fund Accountant feels valued in their work, can see that they are progressing and feels suitably compensated it will take a lot to make them leave.
But make no mistake about it, experienced fund accountants are in demand, and larger funds are prepared to pay for them. And if they’ve worked for you for a number of years it is very likely that their compensation hasn’t kept pace with the market.
You can see what the market is paying across all levels of experience and all fund sizes by participating in our 2016 Salary Survey. The data is free to all contributors.
Thirty minutes of your time filling it in might just save you a lot more than thirty minutes of grief when your lynch-pin team member tells you they’ve just been offered a 20% hike on their package.
One of the most striking features of the private equity market over the last couple of years has been the number of new entrants. The traditional stance for investors has been ‘no first time funds’, yet something has changed. …
Consultant or Banker? In this video Richard Jones – Consultant at PER discusses the ongoing debate on whether to hire a banker or a consultant for your team and how to make sure you can assess them both objectively.
‘No’ – a simple word that stings search consultants and clients alike when a candidate declines an offer. Drawing on experiences around the globe, here are some valuable tips from PER’s senior consultants on keeping these dreaded ‘No’s at bay.…