News
2 Mar 2015 11:06am

Talent shortage hurting accountancy profession

More than 70% of accountancy employers say they are affected by a skills shortage, according to research from professional recruiters Robert Walters

While 56% of recruiters say they have struggled to recruit for some roles, 32% say the quality of candidates is lacking.

The research also revealed that as a result staff moral is suffering with 43% of businesses struggling to meet deadlines and client expectations because of shortages. Nearly a quarter (24%) of employers reported that morale has reduced as unfilled vacancies have heap pressure on existing staff.

Chris Hickey, chief executive of Robert Walters UK, said, said that the issue is not, “an acute candidate shortage, but more a lack of people with the right skills and qualifications to serve businesses.

“After several years of under-investment in training and entry-level recruitment, businesses are now playing catch-up,” he added.

In an attempt to address the problem firms 41% of firms are appointing interim or contract staff. Only 23%, however, are recruiting from new talent pools and just 10% looking for new staff internationally.

Employers are also changing workplace policies, with 42% up-skilling staff and 25% seeking to fast-track career progression opportunities for current personnel. And when staff do look to leave, nearly two thirds of businesses (65%) say they use counter-offers to retain staff.

Oliver Griffin

 

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