Accounting’s open secret has several names—the skills gap, the education bubble, the talent shortage. Regardless, the challenge has remained the same for half a century.
Employers have a hard time finding the right accounting and finance talent, beginning at the entry level and extending all the way to the CFO. There just aren’t enough qualified candidates to fill new and existing positions.
The expectations of the CFO team in industry have long extended from value stewardship (e.g., auditing, statutory reporting, compliance) to value creation (e.g., financial planning and analysis, mergers and acquisitions), fusing competencies in accounting, finance, technology, operations, and leadership.
The rising number of accounting and finance jobs has strained the talent pipeline even further; according to the U.S. Bureau of Labor Statistics, the profession should expect double-digit growth this decade.
Read the The CPA Journal story HERE.