As tax season comes to an end, the accounting industry in the U.S. is experiencing a decline in workforce due to retirements and a decrease in the number of people pursuing accounting degrees.
With only a few days to go before the April 15 filing deadline, tax season is almost over — but for many accountants in the U.S., work is hardly slowing down.
The mass departure is driven by more than just baby-boomer retirements. As the Journal reports, younger accountants between the ages of 25 and 34from The Institute of Management Accountants and Robert Half, which surveyed over 1,200 current and former accounting and finance professionals. Many of these jobs offer remote or hybrid options, Robert Half found. Britton anticipates that the percentage of accounting jobs that are remote or hybrid will likely grow in the coming months as employers adjust their recruitment strategies to attract more talent.
"It's not because managers don't want to support their accountants' career growth," Britton explains. "More often than not, they're just busy and they don't even think about it. But you've got to make sure you're fulfilling the needs of your employees just as much as you're filling the needs of the role that you hired them for."
Accounting Tax Season Workforce Retirements Accounting Degrees
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