August 19, 2023

The Staffing Strategies Survey: Uncovering Solutions for the Accounting Talent Gap

By: Center For Accounting Transformation / article

The Unprecedented Challenge

In the world of accounting and finance, a storm is brewing. The industry is facing a talent shortage like never before. The once steady stream of fresh accounting graduates, eager to dive into the world of numbers and balance sheets, is dwindling. Those sitting for the CPA exam and completing the requirements to earn a license is also going down. This has left accounting firms and finance teams scrambling to find and retain talent.

The Impact of Legislation

While several associations are advocating for the removal of the 150-hour requirement, the wheels of legislation turn slowly. The reality is that firms and accounting and finance teams need immediate strategies and solutions. With the next tax season just months away, the question looms large: where will the staff members come from?

The Widening Talent Gap

The talent gap is widening, and firms are struggling to find ways to bridge it. How do you attract new staff members? How do you retain the ones you have and foster their development? These are questions that every firm is grappling with. But what if we told you that you’re not alone in this struggle? That there are others out there, just like you, trying to navigate this crisis?

The Power of Collective Wisdom

This is where the Staffing Strategies Survey comes in. Conducted by the Center for Accounting Transformation, in collaboration with CPA Trendlines, this worldwide survey aims to understand how accounting and finance teams are managing the staffing crisis–what is working and what is  not working. The goal is to compile the responses into a comprehensive report that can provide insights and strategies to address this crisis.

A Call to Action

Accountants deliver peace of mind to people and businesses. But with an unprecedented number leaving the profession, and no pipeline to replace them, it’s time for us to take action. Together, we can uncover strategies to address this crisis successfully and share them with the world.

The more respondents from varying firm sizes and geographic areas that take the survey, the better the information we will have to share. Your participation can make a difference. It can help us understand the problem better and find effective solutions. It can help us turn the tide on this crisis sooner.

Own the Unknown

Accounting firms and finance departments are all faced with an unprecedented talent shortage. But together, we can solve this problem. We can own the unknown. We can turn this crisis into an opportunity for innovation and transformation of the profession.

Participate in the staffing survey today by clicking here. It takes less than 10 minutes, and your contribution will make a difference. Together, we can solve the staffing crisis and secure the future of our profession.

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