12 US cities where accountants draw higher pay
In an extremely competitive hiring environment, a competitive salary isn’t the only important benefit for employers of accountants to offer.
Recently released salary guides by Robert Half International and Accounting Principals show that salary benchmarks are particularly high for accountants in California, New York City, and New Jersey.
The guides also proclaim that other factors can help employers recruit and keep the best accounting talent in this time of low unemployment. Many employers who want to attract and retain the best accounting and financial professionals are offering:
Some employers also are offering perks such as employee social events; on-site amenities such as exercise facilities or child care; paid time off for volunteer activities; a compressed workweek; and telecommuting opportunities.
At the same time, the right salary offer is critical.
“For accounting and finance talent, a competitive salary remains the most attractive feature of a job offer,” Accounting Principals President David Alexander wrote in his organization’s salary guide, which is available for download on the company’s website.
Meanwhile, candidates in search of the best positions can make themselves more attractive to employers if they have the right skills. According to the Robert Half guide, which reports on starting salaries for various positions, these include soft skills such as adaptability and flexibility; commitment to continuous learning; cross-functional collaboration; leadership qualities; strong work ethic; and verbal/written communication abilities.
In-demand technology skills include Excel; enterprise resource planning systems such as Microsoft Dynamics GP, Oracle, and SAP; cloud-based systems such as NetSuite and Workday; data analytics and database management software such as SQL and VBA; QuickBooks for small and midsize businesses; artificial intelligence; and robotics process automation.
Both salary guides provide detailed salary tables plus an average salary variance that shows how the numbers in the guides should be adjusted depending on the location of the employer in various cities throughout the United States. The cities with the highest positive salary benchmark variances include:
— Ken Tysiac (Kenneth.Tysiac@aicpa-cima.com) is the JofA’s editorial director.