Employers looking at hiring finance/accounting professional face a tight job market, according to the 2024 Workforce Planning Guide released by Addison Group.

The 2024 report details the talent situation in finance/accounting. It also lists the US national average salaries, with CFOs reaching $261,739.

After years of high turnover in finance/accounting, workers have now settled into their new jobs and are in no hurry to leave, according to the report. A turbulent economy over the past few years and healthy compensation packages have decreased the pool of candidates and increased competition among employers, according to data compiled in the report.

“As employers continue to face a tight job market, they will need to take a closer look at their compensation packages and be prepared for counter offers,” Addison Group’s report stated. “Beyond salary levels, evaluate what creative work/life balance and benefits may entice candidates from paid paternity leave to on-site daycare or more flexible vacation packages.”

Some of the most highly paid finance roles include CFO, VP of finance and FP&A director:

• CFO, $261,739
• VP of finance, $222,107
• FP&A director, $207,069
• FP&A manager, $156,855
• Senior financial analyst, $112,415

Examples of accounting roles with the highest salaries include:

• Chief accounting officer, $227,071
• Controller, $191,885
• Assistant controller, $165,753
• Director of corporate accounting, $156,664
• Director of financial reporting, $179,490

Addison Group ranks as the fifth-largest finance/accounting staffing firm in the US and the 33rd-largest overall.