CIMA Poland part qualified salary survey 2010

Transcription

1 CIMA Poland part qualified salary survey 2010

2 CIMA salary survey 2010 Poland Foreword 1 Executive summary 2 Main findings 3 Salaries and bonuses 3 Sector 3 Job role 3 Recruitment and retention 4 Satisfaction with salary and benefits 4 Importance of benefits 4 Working hours 5 Skill set requirements 5 Geographical mobility 6 One word to describe CIMA difference 6 Technical information 7 Further information 7 Global contacts 8

3 Foreword 1 On behalf of the Chartered Institute of Management Accountants (CIMA), I would like to welcome you to our second global part qualified salary survey. The results in this report will provide you with an insight into the current employment experiences and career aspirations of the business leaders of tomorrow CIMA s Polish student base. Despite ongoing economic instability in many regions around the world, our report shows a strong relationship between our students and their employers. Businesses are looking to their professionallyqualified management accountants to help guide them through the recession and on to sustainable success. This gives our students a greater sense of job security than those studying for many other professional qualifications. Our global survey clearly shows that most of our students believe they are recession-proof. 92% do not anticipate being affected by redundancy in 2010.This response could also reflect an increasingly optimistic view of the general economic conditions: this percentage is even higher than the level of confidence felt by students in last year s survey (83%). Moreover, nearly two thirds are feeling positive enough to make a job move in the next two years, although with this feeling of security comes higher expectations. This year, just 51% of students are happy with their current salary compared with 58% in The drop could indicate a greater sense of professional value as the downturn lifts. In Poland, the average monthly student remuneration package (salary and bonuses) is PLN13,000. In terms of job security and satisfaction, Polish students provided some of the most positive results in our survey. A total of 72% said they were either satisfied or extremely satisfied with their salary - the highest percentage of any country. Almost three-quarters (72%) felt the same about the benefits they receive - the second highest percentages in the survey. In terms of benefits, Polish students are among the highest proportion to expect a bonus (86%). Job security and satisfaction are also remarkably good compared with other countries. None of those surveyed were worried about redundancy although 38% anticipate a pay freeze. Our students sense of professional value is also reflected in the 69% who intend to change jobs in the next two years. Overall, the global survey reinforces the fact that a growing number of students are finding that CIMA s professional accountancy qualification is the best way to develop their career potential. In 2009 we saw a second year of record student growth and, for the first time, a majority of our new students (56% of the total) were based outside the UK. Please read through the following pages to find further snapshots of our students working lives. I hope you find it informative reading. Charles Tilley Chief Executive CIMA

4 2 Executive summary According to the International Monetary Fund (IMF), growth in 2009 was expected to decline by close to 5% in the euro zone, and countries such as Bulgaria, Romania and the Baltics were likely to experience particularly sharp recessions. Poland has fared relatively better than many countries in the European Union, and despite a slowdown amid the global economic crisis, recorded 1.7% growth in 2009 compared with the previous year. As the only member of the EU to have enjoyed growth in 2009, the IMF is expecting a continued recovery in domestic demand, with the economy expected to expand by 2.75% in 2010 and 3.25 % in The second annual global salary survey of CIMA students was carried out in February A total of 2,563 employed students (who had sat an exam within the last two years under the 2005 CIMA qualification structure) contributed to the survey of which 29 responses were from Poland. This report summarises the results of this survey with a particular focus on Poland, looking at how recent economic events are impacting on salary levels and benefit packages experienced by CIMA students working there. Please note that due to small base numbers, only indicative results are given for Poland. The results should be viewed with caution when compared to global averages. Overview The average CIMA student s monthly salary in Poland is PLN11,760. The average bonus across all students is PLN1,240, giving a total monthly remuneration package of PLN13, % are not expecting to receive an on target earnings bonus in For those expecting a bonus, the average is PLN1,290; 13% of their remuneration package. 38% of students anticipate a pay freeze in The vast majority are happy with their salary, with nearly three-quarters (72%) extremely satisfied or satisfied. This is the highest salary satisfaction level of any country, with the global average being 51%. The most highly desired benefits are bonus and private healthcare. The benefits most likely to be received are healthcare (93%), followed by mobile phone (66%) and bonus (48%). Overall 72% are extremely satisfied or satisfied with the benefits they receive. Again this is almost the highest level of any country, the global average being 67%. Project management (45%), personal development (45%) and leadership (41%) are the main focus areas for skills development in the next 12 months. Other priorities include strategic planning and implementation, budgeting, and persuading and influencing, identified by 31% of respondents. Over two-thirds of students (69%) intend to change jobs within the next two years, with around one-quarter expecting to move jobs within the next year.

5 Main findings 3 Salaries and bonuses The average basic monthly gross salary is PLN11,760 plus a PLN1,240 bonus, producing a total average package of PLN13,000. Almost one-quarter (23%) of students in Poland earn the upper salary level of PLN15,000 and over, and approximately one-fifth (19%) earn between PLN12,000 and PLN14,999 per month. However, almost one-quarter (23%) earn PLN7,999 or less. The remaining 35% earn between PLN8,000 and PLN11,999. With 86% expecting a bonus in 2010, Poland is one of the countries with the highest proportion of students expecting to receive a bonus, along with Malaysia, India, Hong Kong and Sri Lanka. For those expecting to receive a bonus, it equates to 13% of their package on average, or PLN1,290. Polish students are among the highest proportion to expect a bonus (86%). None of the respondents in Poland expect to be affected by a salary reduction, redundancy or a shorter working week in However, 38% of students do anticipate a pay freeze (close to the global average of 39%). The overwhelming majority of students (83%) live in Warsaw. On average CIMA students monthly salary is PLN11,760 The average bonus is PLN1,240 across all respondents 14% don t expect to receive an on target earnings bonus in 2010 Sector CIMA is important to the broad base of industry in Poland with the banking, finance and insurance, accountancy, and ICT, technology and telecoms sectors employing the higher proportion of CIMA students; 21% each. Given the low base numbers it is unreliable to make salary comparisons across the sectors. The majority (83%) work for organisations employing at least 500 staff internationally. Job role In terms of fitting into the business, organisational structure is traditional, as 76% of respondents sit in the finance division. A further 14% reside in operations. Almost one-quarter of students are employed as finance managers. One-fifth of respondents describe their role as management accountant, and a further one-fifth are finance/business analysts demonstrating the strategic nature of student s roles.

6 4 Recruitment and retention Satisfaction with salary and benefits With 72% satisfaction, students in Poland are the most satisfied with their salary and benefits. The vast majority are happy with their salary, with nearly three-quarters (72%) extremely satisfied or satisfied. The same proportion are happy with the level of benefits they receive. On both accounts Poland is notably more satisfied than average, as global salary satisfaction is 51%, and satisfaction with benefits is 67%. Only Hong Kong is comparable for benefits satisfaction levels. Importance of benefits As with most other countries, students in Poland attach significant importance to receiving healthcare and a bonus, considered to be extremely important by 43% and 41% of respondents respectively. Students also believe a contribution to CIMA fees and study leave are important benefits. The least favoured benefits include leisure facilities, mortgage relief and share options, only considered to be extremely important by just 4%, 7% and 4% respectively. Importance of benefits (mean score) by benefits received 5 = extremely important & 1 = not at all important Healthcare Bonus 4 4 Contribution/payment of CIMA fees Study leave Company car/allowances Pension Flexible hours Working from home Bonus as an incentive for passing exams Extra holidays Pay rise as an incentive for passing exams Mobile phone/blackberry/pda Life assurance Travel benefits/allowances Mortgage relief Sabbatical Leisure facilities Shares/share options Childcare arrangements/vouchers Product/services discount Season ticket loan Daily subsidised food 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Importance Benefit received Healthcare and bonuses are highly received benefits in Poland 93% and 48% of students receive these respectively. However, while mobile phones are not considered as important, 66% of students receive one. Less than one-fifth (17%) receive a pension. Only 28% benefit from flexible hours and 31% receive study leave, both of which are regarded as relatively important benefits. Reassuringly, some 45% of students benefit from contributions to CIMA fees, the third most important benefit for students and reflects the perceived value of CIMA qualifications to organisations in Poland.

7 Working hours 5 55% of respondents work between 41 and 50 hours per week. Almost one-third (31%) work between 35 and 40 hours, and only 3% work less than 35 hours per week. The average working week is 43 hours in Poland, compared with 42 hours globally. While one-fifth of students are under pressure to increase their number of hours, 72% expect their hours to remain the same, showing the greatest stability of all countries. Requirement to work outside normal hours 72% 21% 7% Increasing Decreasing Staying the same Skill set requirements Students in Poland seek to improve their skills in a wide range of areas, particularly personal development and project management, both of which were identified as priorities by 45% of students, along with leadership (41%). Other areas include persuading and influencing, budgeting and strategic planning and implementation mentioned by 31% of students. Personal development (e.g. career planning, time management) Project management Leadership Skills for developing others (e.g. assessing performance, coaching) Persuading and influencing Budgeting Strategic planning and implementation Communication (e.g. negotiating, writing, presenting) Problem solving Time management Reporting and analysis Decision making Team building IT software (MS Excel, Word, Powerpoint, etc.) Risk management Internal audit and control IT (hardware systems) 45% 45% 41% 34% 31% 31% 31% 28% 24% 24% 24% 24% 17% 10% 10% 7% 3%

8 6 Geographical mobility Over two-thirds of students (69%) intend to change jobs within the next two years, with around one-quarter expecting to move jobs within the next year. The majority of potential movers (65%) want to stay within Poland for their next position, which may reflect the relative improved state of the Polish economy as a whole. Of those who are considering overseas positions, the UK, Australia, the USA and Switzerland are the most popular destinations. Career plans for the next two years 24% 45% 31% Stay in current job Find a new job in Poland Find a new job abroad One word to describe how CIMA is different from other accountancy qualifications... The size of the font reflects the number of times the word was spontaneously mentioned. Global Rational challenging DIVERSITY strategic Focused broad Recognisable elitist attractive Qualifications Business-focused Professionalism prestige Practical Knowledge Management Premium

9 Technical information 7 Data collection for the CIMA Global Part Qualified Salary Survey 2010 was carried out by CIMA itself online during the period 28 January to 14 February The data was subsequently rim weighted (by Redshift Research) by country to ensure the profile of the survey sample accurately represents all CIMA markets. 13,980 CIMA students globally were selected and invited to participate (UK, Ireland, South Africa, Sri Lanka, Malaysia, India, Hong Kong, Australia, Mainland China, UAE, Botswana, Pakistan, Russia, Poland and Zambia). A total of 2,563 completed the study globally (18% response rate), with 29 respondents from Poland. Due to the low base numbers, only basic survey results are offered in this report. Basic responses were as follows: Table of responses by age band Under and over 1 Total 29 Table of responses by CIMA level Managerial 17 Strategic 2 TOPCIMA 2 Passed finalist 8 Total 29 Table of responses by gender Male 16 Female 13 Total 29 For the purposes of this survey CIMA level data was collected under the 2005 CIMA qualification structure and refers to those at managerial level, strategic level, TOPCIMA and passed finalists. For comparison under the 2010 qualification structure these levels are respectively now known as operational/management level, strategic level, T4 Part B Case Study and exams complete. Further information For further information on technical matters relating to this survey, contact yourvoice@cimaglobal.com For further country specific analysis and reports visit CIMA MY JOBS at Both the Chartered Institute of Management Accountants and Redshift Research are Market Research Society Company Partners. The organisations abide by the Market Research Society s Code of Conduct and the Data Protection Act.

10 8 Global contacts CIMA UK Head Office 26 Chapter Street London SW1P 4NP United Kingdom T. +44 (0) F. +44 (0) E. CIMA Australia Suite Pitt Street Sydney NSW 2000 Australia T. +61 (0) F. +61 (0) E. CIMA Botswana Plot 50676, 2nd Floor, Block B BIFM Building, Fairgrounds Office Park Gaborone, Botswana Postal address: PO Box Gaborone, Botswana Telefax F / E. gaborone@cimaglobal.com CIMA China Unit 1508A AZIA Center, 15th floor 1233 Lujiazui Ring Road Pudong Shanghai P.R.China T (0) F. +86 (0) E. infochina@cimaglobal.com CIMA Hong Kong Suites th Floor Jardine House Central, Hong Kong T F E. hongkong@cimaglobal.com CIMA India Unit 1-A-1, 3rd Floor Vibgyor Towers C-62, G Block, Bandra Kurla Complex, Bandra (East), Mumbai T. +91 (0) F. +91 (0) E. india@cimaglobal.com CIMA Ireland Pembroke Road Ballsbridge, Dublin 4 T (0) F (0) E. dublin@cimaglobal.com CIMA Malaysia Lots 1.03b and 1.05, Level 1 KPMG TOWER 8 First Avenue, Bandar Utama Petaling Jaya Selangor Darul Ehsan Malaysia T. +60 (0) F. +60 (0) E. kualalumpur@cimaglobal.com CIMA Middle East Office E01, 1st Foor, Block 3 PO Box Dubai Knowledge Village Al Sofouh Road Dubai, UAE T F E. middleeast@cimaglobal.com CIMA Pakistan No. 201, 2nd floor Business Arcade Plot No. 27 A, Block 6, P.E.C.H.S. Shahra-e-Faisal Karachi, Pakistan T /88/89 F E. pakistan@cimaglobal.com CIMA Singapore 51 Goldhill Plaza, #08-02 Singapore T F E. singapore@cimaglobal.com CIMA South Africa 1st Floor, 198 Oxford Road Illovo, Johannesburg South Africa Postal address: PO Box 745, Northlands 2116, South Africa T. +27 (0) /0861 CIMA SA F. +27 (0) E. johannesburg@cimaglobal.com CIMA Sri Lanka 356 Elvitigala Mawatha Colombo 5 Sri Lanka T. +94 (0) F. +94 (0) E. colombo@cimaglobal.com CIMA Zambia 6053, Sibweni Road Northmead, Lusaka Zambia Postal address: PO Box 30640, Lusaka, Zambia T / F E. lusaka@cimaglobal.com CIMA Zimbabwe 6th Floor, Michael House 62 Nelson Mandela Avenue, Harare Zimbabwe Postal address: PO Box 3831, Harare, Zimbabwe Telefax (0) / F (0) / E. harare@cimaglobal.com CIMA s global offices may change during the year, so please visit the global web links for the most up-to-date contact details. For a full list of global contacts, please visit

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12 Chartered Institute of Management Accountants 26 Chapter Street London SW1P 4NP United Kingdom T. +44 (0) E. May 2010, Chartered Institute of Management Accountants