Global financial strains proceed to put enormous stress on expertise attraction and retention. (Representative picture)
Employers are excited by the alternative AI gives with 79% believing it is going to allow finance professionals so as to add extra worth.
An annual survey of finance professionals revealed that 60% of Indian respondents really feel overwhelmed by the tempo of change in know-how impacting their jobs. However, 79% really feel that AI will allow them so as to add extra worth in the future.
Four out of 5 need their employers to offer them with extra coaching on know-how, as the expertise crunch continues with over half anticipating their profession subsequent transfer to be exterior to their present employer.
This wake-up name for employers comes from the world examine of the accountancy occupation by ACCA, the Association of Chartered Certified Accountants. Its newest annual Global Talent Trends Survey 2024 supplied a view of how individuals really feel about their lives at work.
Almost 10,000 skilled accountants from 157 international locations together with India, USA, UK and China have been requested about the considerations they held round work in the future in addition to aspirations for his or her careers.
Key themes which have emerged this yr are as follows:
- Professional accountants have limitless profession alternatives with 64% anticipating their subsequent transfer to be exterior to their organisation, majorly for improved profession alternatives making retention an ongoing puzzle for employers.
- Global financial strains proceed to put enormous stress on expertise attraction and retention. 78% will ask their employer for a pay rise in 2024 – however 57% imagine they should depart their organisation to get one.
- Employers are excited by the alternative AI gives with 79% believing it is going to allow finance professionals so as to add extra worth. But three out of 5 staff are nonetheless involved about its relentless tempo of change.
- Mental well being stays a serious problem with 63% saying their psychological well being suffers due to work pressures, and nearly half nonetheless feeling their employer doesn’t take into account psychological well being to be a precedence.
- Hybrid working is slowly gaining traction, however huge mismatches stay between what staff need and what employers demand. 75% of staff say it’s their most well-liked association however many employers proceed to insist on full time workplace working preparations.
- 82% imagine {that a} robust variety and inclusion tradition can be a key consider deciding to work at an organisation. Employers have extra to do on variety although as 44% of staff imagine their organisation focuses extra on sure elements of variety than others.
Jamie Lyon, world head of abilities, sectors, know-how at ACCA, mentioned, “The shortage of talent and cost of meeting pay rise demands, together with the many job opportunities available to professional accountants, mean that attracting and retaining talent presents a huge ongoing challenge for employers. So it’s unsurprising that the number of respondents planning to move away from their organisations remains high, at 54% again this year. However, with 73% of respondents saying that a strong diversity and inclusiveness culture is a key factor in choosing an employer, there’s a real opportunity for employers who are strong in this area to differentiate themselves in a competitive market.”
Md. Sajid Khan, director-India, ACCA mentioned, “ The findings not only highlight the aspirations and concerns of professionals but also emphasise the pressing demand for a workplace that fosters growth, innovation, and a supportive environment for mental health. In a landscape of endless opportunities, employers who prioritise these factors will undoubtedly stand out in attracting and retaining top talent.”
