Employment Outlook The Continued Accounting and Finance Talent Shortage
The Accounting and Finance talent pool continues to shrink. While the labor market has cooled slightly, the shortage of Accounting and Finance professionals is affecting companies across all industries and sizes, but small to medium-sized organizations are impacted the most. The Wall Street Journal recently reported that many firms are experiencing higher levels of staff turnover, relying more on less experienced employees, and experiencing problems associated with the adoption of remote work policies during the pandemic. Further fueling the shortage are multi-generational workforce career transitions and exits. Baby-boomer retirement is colliding with millennials and Gen-Xers leaving the profession, and fewer college students are pursuing Accounting and Finance degrees.
10 Financial Salary Guide & Employment Outlook 2024
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