Treasurers see base salaries climb by 3.5%
Results of the 2019 AFP Compensation Survey revealed that finance professionals realized a 3.5 percent gain in their base salaries during 2018
Results of the 2019 AFP Compensation Survey revealed that finance professionals realized a 3.5 percent gain in their base salaries during 2018
According to the 2019 Association for Financial Professionals (AFP) Compensation Survey, treasury professionals received an average base salary increase of 3.5% in 2018.
Apart from the salary hikes, the survey of more than 3,500 treasury and finance professionals found that:
The number of people to receive a bonus remained unchanged year-on-year – possibly due to receiving greater salary hikes from incentive compensation instead of traditional pay increases.
Jim Kaitz, president and CEO of AFP said: “The 2019 AFP Compensation Survey underscores the contributions treasury and finance professionals make to their organizations. Yet the survey also reveals a skills gap. Treasury and finance professionals need to invest in their careers to stay relevant, especially in this age of digital disruption.”
When asked about upward mobility and career advancement the criterion respondents cited most often was “increased job responsibility” at 86 percent. Other factors include:
When asked about critical job competencies and talent gaps, the skill respondents cited most was “strong analytical skills” at 55 percent followed by “leadership and people management” (37%). However, 37% believe financial professionals lack leadership and people management skills and one third say their colleagues are wanting in strategic and innovative skills.
The Global Treasurer has launched its first ever Treasury Salary Survey. Everybody who completes the survey will be the among the first to receive our expert analysis of the results. New survey will highlight global trends in treasury jobs and pay, provide a handy benchmark for treasurers and paint a picture of diversity and equality within the treasury sector.
Click here to complete the survey.
The survey will be open until Friday 31st May 2019.