CFO Insights: How to attract the next generation of finance talent

Business finance functions face a startling shortage of young talent. Baby boomers are retiring, and younger accountancy professionals are increasingly ready to quit, threatening a global finance talent crunch. According to various research:

17% decline in the number of accountants and auditors in the US between 2019-2022.¹
5% decline in the number of new student accountants in the UK between 2018-2022.²
19% decline in the number of graduates joining accountancy firms in Australia between 2010-2020.³

Many accountants are considering leaving the profession as they feel they spend too long on repetitive, low-value manual tasks. Some aspire to pursue more strategic roles, while others seek a better work-life balance. Finance leaders must act urgently to protect their organizations.

"Employee engagement and development are the best tools we have to build a happy, loyal, and productive team." - Greg Heller, CFO, Motus

In this CFO Insights edition, we dive into recent research to understand the values and behaviors of younger generations. We also get insights from top CFOs to explore their strategies to bridge the talent gap. Download it today.

Source 1: Wall Street Journal

Source 2: The Financial Reporting Council

Source 3: CPA Australia

Gain access to all premium content once you fill out the form.

Please share some information about yourself to receive premium information that can help you solve the major travel and expense challenges businesses face today.

Concur respects your privacy. The information you provide us is intended for internal use only, and we will not share, sell, or distribute your information. View our privacy policy. You will receive educational information and news about Concur products and services.

First name

Last name

Phone number

Business email

Company name

Postal Code

Job title

Industry

Number of employees

Country

Enter your contact information and submit this form using the button below to receive marketing communications regarding SAP Concur products, services, events, and special offers. You may withdraw your consent at any time.

Your consent to send marketing communications is requested by Concur Technologies, Inc. on behalf of itself and its subsidiary, Concur (Canada) Inc. You may contact SAP Concur at 222 Bay Street, Suite 2000, Toronto, Ontario M5K 1B7, +00 1 800 401 8412. SAP Concur respects your privacy. Please review our Privacy Policy for more information.

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Speak with a specialist

Have a specialist contact you to find automated solutions to help your business see spending clearly and manage it proactively.

Can we still reach you at:

How can we help you?

First name

Last name

Previous Concur User

Yes

Have you used a SAP Concur product at a previous employer? *

Phone number

Business email

Company name

Job title

Country

Number of employees

Industry

Postal code

Comments

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

CFO Insights: How to attract the next generation of finance talent

Source 1: Wall Street Journal

Source 2: The Financial Reporting Council

Source 3: CPA Australia

Download the resource

Gain access to all premium content once you fill out the form.

Speak with a specialist

Ebooks

Ebooks

Ebooks