| Employment News You Can Use | July 2009 |
In This Issue
- Lannick 2009 Salary Survey
- The Results in Context & Marketplace Trends
- Survey Highlights
- Lannick Group Recognized as a Great Place to Work®
- IFRS – Help on the Way
- Job Postings
Lannick 2009 Salary Survey
Accountants hold their value in unprecedented market
Like most business people, accountants have certainly experienced better years, but according to our 23rd annual Chartered Accountant Salary Survey – a year-over-year comparison of CA compensation – salaries actually increased an average of five percent over the same period last year. Read the full survey, or download the PDF for ongoing reference and benchmarking.
Below you can access other useful salary surveys:
The Results in Context & Marketplace Trends
A message from Lance Osborne, Chairman, Lannick Group of Companies
There is no question the current recession has had a significant impact on Chartered Accountants. Rounds of lay-offs in public accounting have reflected both general belt-tightening and the sudden contraction in certain client sectors. In industry, the recession has not resulted in significant lay-offs of CAs; here the trend has been hiring freezes – especially in the financial sector – and a general softening in other parts of the market. This has had some effect on salaries but like lakeside properties within two hours of the city, CAs have managed to retain their value as an asset class. Read Lance’s full commentary.
Survey Highlights
Data collected between June 2008 and June 2009
- The average salary of a CA designated in 2000 was $125,000
- CAs designated in 2009 earned an average salary of $71,000
- CA salaries increased 5% in 2009 compared to a year-over-year increase of 12% in 2008
- Bonuses this year will be about half of what they were in previous years
- CAs may be less likely to make a move during a recession
- The annual Lannick CA Survey has been published every year since 1986
Read the full survey, or download the PDF for ongoing reference and benchmarking.
Lannick Group Recognized as a Great Place to Work®
Team members rank trust and transparency well above norm
“It’s the energy, entrepreneurial nature and shared values of the Lannick team, combined with
an organizational commitment to truth and transparency, that resulted in Lannick being recognized
as one of this year’s Best Workplaces in Canada by the Great Place to Work® Institute,” says
Peter Jeewan, CEO of Lannick Group of Companies. Lannick employees ranked the firm especially
high on measures of trust, transparency and equal opportunity. “Our core purpose is to help quality
people and quality companies find the right fit,” adds Jeewan, “and we apply the same approach to
recruiting and cultivating our internal team.” This is the second year Lannick has been recognized
as a Best Workplace in Canada. Read the full story.
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Lannick’s dynamic team of professionals.
According to the Accounting Standards Board of Canada, International Financial Reporting Standards are rapidly becoming the global language of accounting. And, as you likely know, starting January 2011, "Publicly accountable enterprises" will be required to move to IFRS. The AcSB is still planning the strategy for accounting standards that will apply to private businesses and not-for-profit organizations. One thing is certain, whether you choose to build your own capacity to guide the transition, which will include running parallel IFRS/GAAP books in 2010, or you decide to rely on the expertise available through an external recruitment or staffing firm, Lannick will be a resource for you every step of the way. So stay tuned and look for future communication from us on this subject. And feel free to to learn more about IFRS and how our designated professionals can help ease the pain of IFRS conversion.
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With deep expertise in accounting and finance recruitment, Lannick Group of Companies specializes in placing qualified professionals in contract, permanent and
temporary roles.
Our solid relationships, dedicated service model and focus on getting
the right fit™ quickly and professionally has helped our clients and candidates succeed
for close to 25 years.
Lannick Group of Companies includes:
- Lannick Associates – executive search for mid to senior level accounting and finance professionals
- Lannick Contract – access to mid to senior level project and interim accounting and finance professionals
- Pro Count Financial Staffing – permanent and temporary accounting and finance roles at the junior to intermediate level
- Lannick Legal – permanent and contract legal professionals and administrative support
- Lannick Executive Support – permanent and temporary government and industry executive administrative roles
Market Update is published periodically by Lannick Group of Companies to keep clients and candidates informed of the latest market trends and career opportunities.
Copyright 2009 Lannick Group of Companies. Information in this bulletin may be republished with attribution to Lannick Group of Companies.