Accounting and finance starting salaries to increase an average of 2.8 per cent in 2002: survey

||Last Updated: 04/10/2003

Compensation for accounting and finance professionals will rise slightly over 2001 levels, according to the recently released Robert Half and Accountemps 2002 Salary Guide. Starting salaries for financial professionals in Canada are expected to increase by an average of 2.8 per cent in 2002, compared with the 5.1 per cent increase that was forecast this time last year.

"Average starting salaries for accounting and finance professionals in Canada will remain more stable in 2002 compared to recent years," said Trevor Zigelstein, a regional manager for Robert Half International. "As a result of the current economic climate, businesses are hiring more cautiously. Many employers are screening candidates more intensely to ensure they have not only the ability to do the job but also the talent to help the organization achieve strategic business goals.

”Companies are seeking accounting candidates with advanced technical and interpersonal skills - particularly those who have the ability to adapt well to change," he said.