Hays Senior Finance Reveals Demand for Finance Chiefs in Essex and East Anglia

By Hays, PRNE
Monday, January 31, 2011

LONDON, February 1, 2011 - Hay Senior Finance has revealed that finance professionals in Essex and
East Anglia are enjoying a rise in demand for their business management
skills and commercial know-how, according to research from the leading
recruiting expert. Two-thirds (67 per cent) of employers say retention of
qualified accountants will be a key priority in 2011, with four in 10 (40 per
cent) worried they won't be able to hold onto their star players. The
research suggests they may have good reason to worry, with two-thirds (67 per
cent) of senior finance professionals saying they intend to look for a new
job at the start of the new year.

In Essex and East Anglia, chief financial officers (CFOs) and group
finance directors in large corporate organisations can earn between
GBP120,000-GBP250,000 and finance directors (FDs) are typically paid
GBP100,000-GBP150,000. Competition has already intensified to the extent that
senior finance professionals routinely receive more than one job offer.

Karen Young, regional director of Hays Senior Finance in Essex and East
, said: "Employers are increasingly being trumped by lucrative
counter-offers, as CEOs and board directors attempt to hang onto their
finance chiefs. Talented qualified professionals are increasingly being
sought-after for financial analysis roles, or to help mitigate operational or
business risk.

"The war for talent is highly competitive and therefore many finance
leaders can look forward to a more rewarding 2011. Even in parts of the
region which traditionally pay at the lower end of typical pay scales - such
as in the Fens, the Norfolk Broads or in rural Suffolk - employers are likely
to have to revise offers upwards to attract top talent. Senior finance people
and other qualified accountants in cities like Chelmsford or Cambridge can
expect packages at the upper end of the range. The absence of a Big Four
accounting firm in Essex, which means there are fewer newly qualified
chartered accountants coming through the ranks, may be a factor driving up
salaries, especially in Romford and elsewhere in the Thames Gateway."

About Hays:

Hays plc (the "Group") is the leading global professional recruiting
group. The Group is the expert at recruiting qualified, professional and
skilled people worldwide, being the market leader in the UK and Australia and
one of the market leaders in Continental Europe. The Group operates across
the private and public sectors, offering IT jobs (
www.hays.co.uk/enhance-your-career/it-jobs/index.htm), marketing jobs
(www.hays.co.uk/enhance-your-career/marketing-jobs/index.htm) and
architecture jobs (
amongst others, in permanent positions, contract roles and temporary

As at 30 June 2010, the Group employed 6,845 staff operating from 270
offices in 28 countries across 17 specialisms.

    For further press information please contact:

    Alexandra Tucker
    2nd Floor
    Stockley House
    130 Wilton Road
    SW1V 1LQ


For further press information please contact: Alexandra Tucker, Hays, 2nd Floor, Stockley House, 130 Wilton Road, London, SW1V 1LQ, +44-(0)20-7259-8821

will not be displayed