Accounting jobs are in high demand—many pay over $100,000 and can be done from home |CNBC make it
Tax season in the U.S. is winding down, but the hustle is far from over for accountants. The industry faces a significant talent shortage, exacerbated by a wave of retirements and a dwindling number of new entrants. Over the past two years, more than 300,000 accountants have left their jobs, leading to a 17% decline in the workforce. This trend isn’t limited to baby-boomer retirements; younger and mid-career professionals are also exiting the field in large numbers.
Reasons for leaving vary, with factors like inadequate pay, limited career advancement opportunities, and grueling work hours cited as major deterrents. Many departing accountants find refuge in finance and technology roles, attracted by better compensation and potentially less demanding schedules.
Companies are ramping up efforts to attract new hires to address the talent shortage, offering higher entry-level salaries, referral bonuses, and temporary positions. The demand for accountants has increased salaries, with experienced professionals commanding six-figure incomes. Entry-level candidates also benefit from increased pay, with some starting at around $85,000 annually.
Despite the challenges, accounting offers stable career paths with numerous opportunities for advancement. Remote and hybrid work options are becoming more common, enhancing the profession’s appeal. However, retaining talent remains a priority for employers, who must find ways to reduce overtime and workload pressures while providing clear pathways for career growth.
Accounting roles dominate FlexJobs’ ranking of top remote jobs in the U.S., reflecting the growing demand for skilled professionals across various industries. Despite occasional layoffs in large firms, accounting is generally considered a stable and essential profession, offering security and trust within organizations…………
[read more]
Rising Dough
How do shifts in the accounting profession, such as the talent shortage and increased demand for remote work, influence broader economic trends like labor market dynamics and business operations?
*Click on the “Full Loaf” icon to read the full article! After you read the full article, let us know your thoughts.
Share this content:
With the shifts in the accounting profession, the economic trend of their employment has become more valued and more removed from organizational decree. After all, with less quantity in quality, and less work being done brick and mortar, these individuals affect the market heavily with their current position in the market.