The finance and accounting talent war: 3 things to know

New data from Deloitte indicates that hiring managers across the U.S. are experiencing significant challenges in filling finance and accounting roles. According to an Aug. 15 report in Fortune, 82 percent of big employers say they are struggling to fill finance and accounting positions. 

Additionally, 82.3 percent of hiring managers at public companies say they expect significant challenges in the next year in attracting and retaining employees. Meanwhile, 73.7 percent of managers at private companies shared similar concerns. 

Matthew Hurley, a senior manager at Deloitte Advisory, told Fortune that finding a balance of experience is a key factor. 

"What we hear when we have conversations with controllers and CFOs is finding talent with that right mix of a deep accounting and finance background coupled with the deep technological capabilities is creating a lot of challenges right now," Mr. Hurley said.

Deloitte's findings are based on a survey of more than 1,200 hiring managers within private and public companies in the U.S.

The top three drivers for hiring in the next 12 months:

  • 34.3 percent of public companies and 38.6 percent of private companies will focus on more headcount in existing areas where workloads are increasing, noting numerous standards and reporting requirements which require an increased workload.

  • 23.4 percent of public and 20.5 percent of private companies will focus on obtaining talent with technological skills as they look at enterprise resource planning upgrades.

  • 21.9 percent of public and 17.5 percent of private companies say that attrition caused by the "Great Resignation" is a driving factor.

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