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Average Chartered Accountants salary remains steady despite pandemic

The average salary package for a Chartered Accountant in Leinster remains steady at €109,989, a marginal decrease from €112,582 last year, according to a survey published by Chartered Accountants Leinster Society, Barden and Coyne Research.

While overall salary packages have remained steady for the majority, the survey, conducted during August, reveals some evidence of pay cuts among employees.

Just over 1 in 10 claim to have had their salary reduced as a result of Covid-19, over half of whom had their salary reduced by more than 10%.

Almost 4 in 5 say they their employers have been “good” or “very good” in adapting to working from home arrangements.

At the same time, many employees working from home say they have felt an increase in workload, with almost 1 in 2 reporting working longer hours than when they were office-based.
Only 18% of respondents say they are “quite” or “very” concerned about job security at the moment.

Áine Crotty, Chairman of Chartered Accountants Leinster Society, said the findings are positive during these challenging time.

“It is reassuring to see that many members are satisfied in how their employers shifted to remote working and flexible working arrangements, which is key as we head into the future and deal with the realities of Covid-19.

“This survey gives employer firms, recruiters and those who may be considering a career in Chartered Accountancy a reliable insight into the profession. Chartered Accountants Ireland offers a range of flexible entry-routes into the profession so that students can work and learn in a way that best meets their individual needs, which is increasingly important in the current environment,” she said.

The annual survey also highlights the importance of other types of remuneration to members.

Over half of respondents say they had the ability to work from home before Covid-19, while 49% say they could avail of flexible working arrangements.

85% report having a pension scheme and, of those, employers contribute to 91% of them.

Just over half receive health insurance as an employment benefit.

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