[Croydon, 17/02/2023] Chartered Accountants Ireland predicts that the shortage of qualified accountants will worsen in 2023, further exacerbating the current crisis. This is primarily due to the demand for non-accounting roles and a perception gap about what the job of an accountant entails. The existing talent pool is not big enough to fulfill these roles, and there is no guarantee of a steady influx of new graduates into the profession.
The organization also highlights the need for more flexible education, training, and recruitment to ensure a steady influx of qualified talent into the profession.
By being more receptive to new ideas and approaches, employers can attract the best talent and cultivate a culture of skill-building within their organizations.
Attracting Students into Accounting
With the looming shortage of qualified and experienced accountants, it is essential to start engaging young people in the field. The current education system is outdated, with an overreliance on rote learning and a lack of breadth in the syllabus. This deters potential accounting students who may be more inclined to pursue other fields.
To combat the issue, the industry needs to assess the curriculum and introduce a new approach focusing on the broader knowledge and skills required in accounting and financial management. Introducing modern learning approaches such as online courses, experiential learning, and early work placements can help bridge this gap.
Need for Recruitment Opportunities
Another way to address the accounting skills shortage is to ensure that recruitment and training are available. There should be an increased focus on keeping current employees in the profession and ensuring that new recruits are well trained. This can be done by offering internships, apprenticeships, and other professional development opportunities.
Organizations should also consider alternative hiring processes. This part is where accountancy and business support services from companies like Bryden Johnson can help. They use a combination of data analysis, automated recruitment processes, and experienced recruiters to match the right candidate for the job. This allows companies to access qualified professionals with the proper knowledge and experience for their business.
About Bryden Johnson
Bryden Johnson has been providing accountancy and business support services for organizations of all sizes for over 125 years. With a team of highly experienced accountants, Bryden Johnson offers tailored services to help clients meet their financial needs. From start-ups to established businesses, they have the expertise to provide the support and advice needed to achieve business success.
Learn more about Bryden Johnson’s services and find out how they can help you with your accounting and financial needs at https://bryden-johnson.co.uk/.