firms that overhired in the covid-19 boom are now trimming their ranks.
by 卡塔尔世界杯常规比赛时间 research
despite widespread concerns in the profession about a talent shortage, the largest accounting firms in a new survey are cutting back on their hiring of new college accounting graduates by 16.1 percent this year.
more in staffing & recruiting: employee retention is easier than attraction | payroll leads job gains in tax & accounting sector | disruptors: talent crisis? what talent crisis? | letting staff go after tax season? bad idea | firms culling clients as staffing woes persist | compensation’s up, but up enough to retain staff?
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reflecting broader economic uncertainties and budgetary constraints, half of all the biggest firms surveyed are gearing down for a recession, marking a sharp turnaround from the hiring spree sparked by a global pandemic that forced industries across the globe into transformational change, often staffed and driven by the biggest accounting and consulting firms.
according to the national association of colleges and employers, 22.2 percent of accounting firms plan to increase hires, but a significant 50 percent anticipate reducing their hiring activities. among those surveyed, firms plan to hire 3,952 new grads this year, down from 4,710 a year ago.
still 37.5 percent of big accounting firms are planning to boost hiring, but nowhere near as much as employers in social services, engineering or construction.
despite the decrease in hiring projections, salary levels for accounting graduates remain relatively stable. approximately 43.3 percent of employers plan to increase starting salaries for bachelor’s degree graduates, while 56.3 percent expect to maintain current salary levels. for master’s degree graduates, 27.7 percent of employers plan to offer salary increases.
the pandemic-induced shift towards hybrid and remote working models continues to influence hiring practices in accounting. the nace report indicates that 9.4 percent of accounting services positions are fully remote, 82.5 percent are hybrid, and 8.1 percent are fully in-person.
this flexibility in working conditions is becoming a permanent feature of the sector, aligning with broader industry trends towards hybrid work environments.
employers in the accounting sector place significant emphasis on specific skills and competencies when hiring new graduates.
technical skills rank last in the list of the top five:
- problem-solving skills: 88.7 percent
- ability to work in a team: 78.9 percent
- written communication skills: 72.7 percent
- strong work ethic: 71.6 percent
- technical skills: 67.0% percent
additionally, proficiency in career readiness competencies such as communication, teamwork, and critical thinking is highly valued, with employers rating these skills as crucial for new hires entering the workforce.
