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Talent evolution: From years on job to agility in action

August 7, 2024 / 5 min read

In Accounting Today, Paul Bryant and Stan Hannah discuss competition for talent in the accounting profession and how firms are adapting to challenges by prioritizing skills, offering flexible work options, and integrating innovative talent management strategies.

The landscape of talent acquisition is rapidly shifting due to intense competition for top talent and the rise of the gig economy. Recruitment strategies are evolving significantly, with a 50% increase in recruiters prioritizing skills over years of experience. Work expectations are also transforming; Gen Z values flexibility, the freedom to achieve their goals, and a commitment to corporate responsibility and sustainable business practices.

For the accounting and tax profession, these shifts coincide with significant core challenges, notably an exodus of professionals, a dramatically changing college graduate profile, and declining interest in the field, prompting firms to take a hard look at recruiting and retention strategies.

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