According to the Association of Chartered Certified Accountants (ACCA), the profession of an accountant is changing. The claims of the ACCA are based on substantial research. The polled over 2,500 qualified accountants in over 50 countries around the world. The results of the polls definitely lead them to believe the accountant job role is changing. And, they also explain why many companies are having difficulties recruiting, developing and retaining employees in the accounting profession.
One of the key findings from the study revealed that new roles and skills are needed for accountants. Also, many accountants are becoming more motivated and ambitious with their careers. This is particularly true in rising economies.
In today’s world, there is apparently more regulation and a changing business environment that accountants must deal with. These changes give accountants a new role and require different skills. Bottom line, their work becomes technically more demanding. Additionally, they have to start thinking strategically instead of just computing numbers.
One thing that really stood out in the study was that there was a noticeable difference between the skill level of the majority of accounting and financial professionals and the level of skill that is needed by most corporations today. Fewer people are measuring up to the necessary level, and it is becoming more difficult to find individuals that measure up to fill the accountancy jobs.
During the last few years, more and more accountants seem to be less loyal with their employers. They seem to switch employers and switch segments. A lot of people are even looking for international opportunities instead of moving up the corporate ladder. They think that this will help build their resume.
Additionally, there is a common misconception around the world about accountants. Many people think accountants are dry, boring, soft, or dull. Often they assume that they lack the necessarily skills, specifically people skills. For this reason, they often stick them behind a desk and underutilize them. The negative connation regarding accountants sometimes leads to a supply shortage. It can make recruiting difficult and retention even further problematic.
According to sources at the ACCA, now is a good time to be a qualified accountant (the key word being qualified!). If you are qualified, organizations are most likely out there who need your services. Also, if you are new to the industry, there will be less you have to adapt to with the changing business environment and new regulations. For those who are currently accountants, it is important to keep up on your skills and stay ahead of the competition. It will definitely benefit you.
Tags: accountancy jobs, accountant, recruitment
