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Technology is a talent magnet for accountants

Technology is a talent magnet for accountants

The accounting industry in the UK is experiencing a talent crunch, with a shortage of skilled accountants impacting firms across the country. The demand for qualified professionals is on the rise, driven by a growing economy and evolving financial landscapes.

According to ACCA’s Global Talent Trends Survey 2023, the shortage of talent is due to a combination of factors, including high employee mobility with 44% of respondents expecting to change roles in the next 12 months, inflation-driven wage demands, and increasing concerns over burnout.

Specific regions in the UK, like Manchester and Nottingham, are experiencing more acute talent shortages, with a low number of applicants for accounting roles. This suggests that the crunch is not uniform across the country but more pronounced in certain areas

While some accounting firms may not believe that technology plays a significant role in attracting and retaining talent, the evidence tells a different story.

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Accounting And Payroll Software For Small Companies & Their Accountants

Accounting And Payroll Software For Small Companies & Their Accountants

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