Why Accountants Are Unhappy: ACCA Global Talent Trends 2024

Join the accounting influencers conversation at one of our virtual speed networking events for influential leaders and professionals in the accounting, finance and tech world: accountinginfl...
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The Accounting World is Bracing for a Talent Exodus - Are You Prepared?
A groundbreaking global study reveals a profession in turmoil, with widespread dissatisfaction threatening to drain the talent pool. In this hard-hitting solo episode, host Rob Brown unpacks the uncomfortable truths unearthed by the ACCA's (Association of Chartered Certified Accountants) on global talent trends in the accounting profession. The study, based on data from nearly 10,000 accounting and finance professionals across 157 countries, reveals that many accountants are dissatisfied and unsettled in their roles.
Rob delves into the reasons behind this dissatisfaction, including concerns over pay levels, work-life balance, and the impact of technology and AI on jobs.
The episode also highlights the growing desire for remote and hybrid work arrangements, with only 9% of employees at Big Four firms preferring to work in the office full-time.
Rob emphasizes the importance of adapting to these changing workforce preferences to attract and retain top talent.
Key Takeaways:
- Only 57% of respondents work full-time in the office, while 8% are fully remote. (00:02:00)
- 75% of respondents said they go to the office because their employer requires it. (00:03:50)
- 34% of respondents at small firms and 38% at Big Four/mid-tier firms are unhappy with pay levels. (00:07:10)
- Inflation impacting salaries is the biggest work-related fear for 40-44% of respondents across firm sizes. (00:10:00)
- 46% of Big Four employees fear for their mental health. (00:10:20)
"Compensation is a big thing. Remote working is a big thing. The talent pipeline, people are leeching out of accounting once they're in it, and people are not coming into it in the first place." (00:16:20)
"It should be the governing bodies, but even the accounting leaders, the influencers all have a responsibility, we might say, to shape the profession and be an ambassador for the profession." (00:15:50)
2:00 - 7:00 Office vs. remote work preferences
7:00 - 10:30 Pay dissatisfaction and inflation fears
10:30 - 15:00 Other work-related fears (technology, mental health, workload)
15:00 - 17:00 The accounting profession in flux and the need for change
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The Accounting Influencers Podcast is for accountants, bookkeepers, finance professionals and those who lead, work in, and serve them. Hosted by Rob Brown and special guests who are influential within their field, the podcast covers topics such as leadership, business growth, technology and automation, diversity and career development. Join the accounting influencers conversation at one of our virtual speed networking events for influential leaders and professionals in the accounting, finance and tech world:
accountinginfl...

[@amymeharg3486]

You have great guests and interesting content. A relatively undiscovered gem of a channel!

[@HaiderAli-rg8bu]

How about International students pursuing Master In Accounting or holding relevant degree, will employers hire them to overcome the shortage of occupation