Alliance Resource Group's 2024 Financial Salary Guide and Employment Outlook
Last year, we titled our 20th annual Salary Guide: “Leading Into the Unknown.” We knew that the post-COVID, post Great Resignation and Great Regret world would be full of surprises. While unemployment was at a historic low, rising inflation and global supply issues pointed to a probable recession.
But unemployment continued its history-making trend, job creation broke expectations, and inflation rates dropped dramatically to 3%. At the mid-year point of 2023, the Federal Reserve was no longer predicting a recession. Many CFOs are recalibrating their year-end projections and teams are reevaluating projects that were put on hold in anticipation of a downturn.
So, what does this mean for 2024? How should finance leaders approach a year with so many variables.
As we head towards another new year, Alliance Resource Group will continue to support Southern California’s accounting and finance industry in navigating these uncertainties with forecasting tools, projections, tips, and resources.
This starts with our 21st annual Salary Guide which was released on October 3.
The 2024 Financial Salary Guide & Employment Outlook includes:
- A review of the 2023 accounting and finance labor and recruiting market with a specific focus on Southern California.
- A projection of expected changes for 2024 and a forecast of next year’s accounting and finance job market.
- A comparison of key regional and national economic data.
- A thorough overview of compensation ranges and average bonuses paid at all levels of finance and accounting, public accounting, accounting operations, treasury, tax and internal audit positions.