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Internal Audit – Compensation and Market Trends Report 2016

Our 2016 Mid-Year Report combines a review of the prevailing conditions in the internal audit recruitment market with the results of a comprehensive compensation survey of internal auditors registered with Barclay Simpson. The survey was undertaken in June 2016 prior to the EU referendum. The results of the survey, together with our own experience, allows us to report that outside of banking demand for internal auditors across the economy remained strong during the first half of 2016. The outcome of the referendum will no doubt be a complicating factor although there has not been a significant shift in demand for internal auditors in the immediate aftermath. 

  • Outside of banking, demand for internal auditors remains strong.
  • Whilst average figures reflect a wide range of individual experiences, the average salary increase for internal auditors changing jobs is currently 16.1% whilst the average increase for those staying with their existing employer is 5.7%, both marginal increases on 2015.
  • 28% of internal auditors surveyed had changed employer in the last 12 months. Although this cannot be considered representative of all internal auditors, it is marginally down from the 29% figure reported a year ago.

 

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