Everyone’s talking about the accounting talent shortage.
And for organizations that aren’t implementing the proper strategies, it’s about to get worse before it gets better.
❌ Professionals are leaving the industry in droves.
❌ College enrollments in the field have declined by 17%.
❌ 75% of accountants are set to retire in 15 years.
So, what can organizations do to attract talent and retain talent?
1️⃣ One major key is understanding: what does a dream job look like for an accountant? What’s their Nirvana?
2️⃣ From there, one must seek to dig further – what obstacles are preventing them from achieving this state of professional bliss?
Katie Thomas, CPA recently teamed up with FloQast to create an article answering both of those key questions. She dives into precisely what your accountants want in order to reach their career Nirvana and how you can help them get there. Check out the article here: https://floqast.com/blog/reimagining-the-role-of-an-accountant-the-dream-driven-accountant
The accounting talent shortage is primarily due to a significant number of professionals leaving the industry, a 17% decline in college enrollments, and the fact that 75% of accountants are expected to retire within the next 15 years.
To attract and retain talent, organizations need to understand what a ‘dream job’ looks like for accountants and identify the obstacles preventing them from achieving their ideal work environment.
A dream job for accountants typically includes fulfilling work, opportunities for growth, a supportive culture, and a healthy work-life balance.
Accountants may face obstacles such as lack of professional development opportunities, inadequate support from management, and a work environment that doesn’t promote work-life balance.
Organizations can help accountants reach their career Nirvana by providing clear career paths, ongoing training, and fostering a positive workplace culture that values employee input.
Organizations can help accountants reach their career Nirvana by providing clear career paths, ongoing training, and fostering a positive workplace culture that values employee input.