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Rising Star
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Anyone want to sell me their CFE books ?
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Pro
Shortage in the US for accountants, yes. But plenty of supply in India.
US companies outsourcing jobs to India en masse —> alleviates the shortage in the US. Not to mention public accounting companies laying off thousands every year in the US to outsource to India for better margins. That just feeds the competition for industry jobs onshore.
Because controllers/partners are willing to overwork and fill any gap from shortages. More precisely, they are willing to overwork their own subordinates without hesitation. Overwork is a norm in our industry.
YES!
I think you mean a shortage of accounting professionals* my question is why haven’t our salaries increased since we’ve become a limited resource. Guess the partners are eating good nowadays🤣
Corporate controller 1 - you’re confusing that with, “those that can, do, and those that can’t, teach”. Auditors correct controllers everyday, lol.
A shortage in cheap inexperienced accountants 🤔
PwC 3. You think I set the pay ranges? I’ll take more budget and more staff any day.
Rising Star
There’s a “shortage” of accountants because there’s a shortage of accounting jobs that aren’t garbage in comp and WLB. This is a white collar version of the “people don’t want to work anymore” you see in restaurants, retail, etc.
Agree. Why would anyone wanna be an accountant anymore..
Pro
There is a shortage of new grads willing to give up there 20s slaving away in an audit room.
Personally I think this will drive mote use of offshore labor and may never result in higher salaries in the industry for US.
Well we’re all doomed RSM2 let’s all run around like our hair is on fire
I assume you meant a shortage of accountants not a shortage of jobs, otherwise, your post is incoherent
yes, accountants is what I meant
You no find job. You no find work.
Rising Star
There’s no shortage and there’s not enough turnover. Ppl are scared shitless to jump rn because of the fear that was intentionally created through the layoffs. Goodluck
Rising Star
So there’s a shortage of quality candidates, same way there’s a shortage of good paying positions. It goes both ways
If there is a shortage of jobs, people will of course have problems finding work.
yes meant accountants, not jobs
Where do you live?
It’s simple: Shortage of staff that is aligned to the user’s standards - the supplies don’t meet the standards.
If it is monkey standardized work, it can be offshored. The clients are not paying above the market.
The shortage is at the senior associate level. Many people leave the profession at that point.
I did
There is a shortage of onshore experienced and licensed professionals - it’s a bit of a catch 22 of less grads coming in and being trained coupled with increased complexity and oversight of certain types of work (particularly audit)
Offshoring of many roles. Will result in less companies hiring accountants.