The Financial Executive Compensation Survey 2016 of public and private company senior-level financial executives saw an average reported salary increase of 4.0% for all respondents.
“The demand for experienced financial and accounting executives is at its strongest in recent years,” says Ken Troy, director of Grant Thornton LLP’s Compensation and Benefits Consulting practice in Los Angeles. “Companies need to pay attention to changes in the competitive market for talent. They also should have a clear strategy that defines how they will best attract and retain the executives in these key roles.”
The average salary increase for financial executives at both public and private companies dipped slightly compared to last year. Public companies reported an increase of 3.7%, a decrease from 3.9% a year ago, while private companies saw a 4.1% increase in 2016, from 4.4% in 2015. These numbers are consistent with broader market data.