Back to insights

How are Accounting & Finance Teams Closing the Skills Gap?

In our latest Compensation & Workforce Trends Survey, we found that a significant gap exists between the talent that accounting & finance departments need and the ease of finding that talent.

In our latest Compensation & Workforce Trends Survey, we found that a significant gap exists between the talent that accounting & finance departments need and the ease of finding that talent. This gap is not only fueling a heated competition for top accounting and finance workers, but it’s also motivating hiring managers to level up their talent attraction efforts and expand employee development.

 

We focused on these trends and more in our 2022 Workforce Trends: Accounting & Finance report. Here’s just a glimpse of the intel we gleaned from accounting and finance hiring managers:

 

  • 35% say financial management skills are increasingly difficult to find
  • 64% plan to back-fill roles that were eliminated during the COVID-19 pandemic
  • 34% say the accounting & finance department will expand in 2022
  • 65% say they are confident in their organization's ability to attract new talent and retain current talent
  • 54% say they plan to hire new employees to close the skills gap
  • 46% say they plan to identify and upskill high potential employees within their organizations
  • 48% have shortened the interview and offer process to meet the current demand and competition for skilled workers

 

Want more insights and analysis on how accounting and finance teams are overcoming the skills gap? Download our 2022 Workforce Trends: Accounting & Finance report today.