Study identifies worldwide finance professionals shortage
A recent study by Robert Half International found a worldwide shortage of skilled accountancy and finance professionals.
Specifically, more than two-thirds of financial executives surveyed for the fifth annual Robert Half Global Financial Employment Monitor said they had experienced employee recruiting difficulties. In the United States, 43 percent of respondents said recruitment was either somewhat or very challenging and the same percentage reported being at least somewhat concerned about workforce retention over the next year.
Max Messmer, CEO of Robert Half International, noted that finding skilled professionals has become more challenging over the past year. The number of global respondents who reported having retention concerns rose by 11 percent from last year's figure of 45 percent.
"Many firms are concerned about their ability to build and retain the accounting and finance teams they need to support the demands of the business," said Messmer.
A lack of employees with accounting and finance expertise may result in those who are not as skilled having to take over some duties. Due to the specialized nature of the field, companies try to avoid this.
Specifically, more than two-thirds of financial executives surveyed for the fifth annual Robert Half Global Financial Employment Monitor said they had experienced employee recruiting difficulties. In the United States, 43 percent of respondents said recruitment was either somewhat or very challenging and the same percentage reported being at least somewhat concerned about workforce retention over the next year.
Max Messmer, CEO of Robert Half International, noted that finding skilled professionals has become more challenging over the past year. The number of global respondents who reported having retention concerns rose by 11 percent from last year's figure of 45 percent.
"Many firms are concerned about their ability to build and retain the accounting and finance teams they need to support the demands of the business," said Messmer.
A lack of employees with accounting and finance expertise may result in those who are not as skilled having to take over some duties. Due to the specialized nature of the field, companies try to avoid this.
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