5 Factors Affecting Controller Compensation | Safari Solutions

5 Factors Affecting Controller Compensation

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When hiring a controller, “you get what you pay for.” Match the experience to the key accountabilities. Yet, be careful not to “over hire” the first time you hire a controller. It’s easy to be enamored with the credentials of a CPA with public accounting experience, but not every business needs these credentials. Assuming you have a closely held business, below are the five (5) most important factors that affect the level of competency needed and thus, the resulting compensation.

  1. Loan requirements: Would your banker prefer a CPA?
  2. Complexity of transactions: Product or job costing required?
  3. Accounting software: QuickBooks vs. enterprise level software
  4. Financial analysis: Planning/forecasting vs. compilation.
  5. Management: Will they manage others?

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