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Accountancy notice periods compared

Comparative study of notice periods and why they are important to you.
March 24, 2021

We find notice periods an important topic so we have done some of research into notice periods at various levels with the aim of answering these three questions:

  • What notice periods are people on ?
  • How do these compare?
  • Why are they important?

Below are our findings at each salary level.

Accountants earning £25k-£35K

At this level, people can often be found on short notice, whilst 1 month is the overwhelming default notice period. Candidates on more than 1 month notice can find it a significant barrier to moving.

Fact: Just 6% of candidates earning £35k or below are on a 3 month notice.

Accountants earning £35k-£45k

At the £35k - £45k bracket, it is a real mix. This is the "crossover" point of 1 month and 3 month notice periods.

Fact: A real crossing point, at £35k - £45k nearly 1/3 are on a short notice period, 1/3 are on 1 month notice and 1/3 are on 3 months notice.

Accountants earning £70k-£90k

At the senior qualified level, 3 months is the default notice period and those on 1 month represent less than 10% of the market. 6 months notice is a significant barrier to moving at this level

Fact: 98% of Accountants earning £70k - £90k are on 3 months notice or less

Accountants earning £100k-£125K

At the exec level, 3 months is still the default for many, with 6 months still being rare. Due to the slower pace of recruitment, there can be more on a shorter notice period as their recent assignment has ended.

Fact: Just 6% of £100k + candidates are on a 1 month notice

Final Thoughts

Overall shorter notice periods offer benefits to both employees and employers making them equally as important. As a candidate a short notice period will always give you more opportunity but as a recruiter, to have access to the full talent pool will mean waiting a notice up to 3 months.

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