Accounting Talent Crunch Occurring Globally

Employers around the world are worried about the shortage of accounting and finance talent, according to a newly released survey.

Fifty-six percent of more than 5,000 finance and human resources managers surveyed across 17 countries are facing talent shortages, while 43 percent expressed concern about losing their top performers to other job opportunities.

The survey, from recruiting firm Robert Half International, found the situation to be the most severe in Asia. Eighty-three percent of the respondents in Japan and 82 percent in Hong Kong said they found it a challenge to find skilled financial professionals. Respondents in the U.S. reported that it took six weeks to hire for management positions, two weeks less than the average globally.

Companies around the world are spending an average of five weeks to fill staff-level accounting positions and eight weeks for management positions.

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