UK accounting and finance professionals shortage less pronounced than rest of world

10-07-2008

UK accounting and finance professionals shortage less pronounced than rest of world
The UK is the only major economy not to have experienced an increase in the shortage of skilled accounting and finance professionals, a new survey has found.

However, 43 per cent of hiring managers in Britain are still finding it difficult to recruit experienced staff in this field, according to the Robert Half Global Financial Employment Monitor.

Online Recruitment reports that this is down from 53 per cent last year.

Of the 20 countries surveyed, an average of 56 per cent of employers admitted to struggling to find qualified professionals. In addition, 58 per cent raised concerns about retention of staff.

In the UK, just over half of recruiters expressed worry about losing their best accounting and finance employees to other firms.

Phil Sheridan, the managing director for the Robert Half, commented: "Accountancy is one of the top choices of profession for UK graduates and London one of the world's financial hubs, which is why there would appear to be less difficulty recruiting in the UK."

Recent research from GAAPweb showed that British accountants are increasingly looking to work abroad, which is heightening the risk of a skills shortage in the industry.

Related categories: Accountancy / Tax.


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