The Financial Executive Compensation Survey 2015 of public and private company financial executives shows a continuing trend of higher salary increases for financial executives at both public and private companies. Public companies reported a 3.9% increase from 3.4% a year ago, while private companies saw a 4.4% increase in 2015, from 3.3% in 2014. These numbers are higher than overall salary increases in the marketplace, which are trending at 3%.
“As the economy continues to improve, we see the need to attract and retain top talent across all organizations becoming more of an urgent concern,” says Ken Troy, director of Grant Thornton LLP’s Compensation and Benefits Consulting practice in Los Angeles. “The need for strong financial executives is always of the utmost importance to an organization. As the economy improves, so do the opportunities for an organization to expand, which requires strong finance and accounting talent.”