ACCA increases support for smaller accountancy practices amid talent shortage

As the skills gap continues to impact SME growth, and small and medium-sized accountancy practices (SMPs) face an ongoing shortage of available talent, ACCA has extended its support through a new employer toolkit.

The SMP Talent Management Toolkit published today provides a wealth of advice and resources for SMPs on identifying, attracting, developing and retaining talent.

Aleksandra Zaronina-Kirillova ACCA Head of SME Professional Insights, said: ‘The right talent is key to the success of businesses and practices of all sizes and sectors. New recruits are increasingly looking for purpose and meaning in their careers and employers need to be strategic and targeted in their efforts. 

‘There’s a strong opportunity here for the SMPs able to demonstrate how they make a tangible contribution to businesses and wider society.’

The toolkit helps SMP employers develop a strong recruitment brand by providing new insights into what candidates are looking for in potential employers. It identifies messages SMPs can build on to demonstrate the unique opportunities they are able to provide.

Along with guidance on attracting the right employees, the toolkit includes advice on developing talent and actively planning career development, with the support of ACCA’s career navigator tool. Employers can use this to build clear capability-focused career paths while creating a culture of two-way transparency over career planning and progression. 

When it comes to retaining talent, employers are advised to find multiple ways of rewarding attainment and development, as well as ensuring the physical and mental wellbeing of their people is a top priority. 

Potential recruits to SMPs are also being offered more career support in the current competitive environment, with a new SMP career toolkit also published by ACCA, providing practical recommendations and resources. This guide explains some of the unique opportunities within SMPs enabling employees to be at the forefront of transformation while championing sustainability and making a tangible impact.  

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About ACCA

ACCA is the Association of Chartered Certified Accountants. We’re a thriving global community of 241,000 members and 542,000 future members based in 178 countries and regions, who work across a wide range of sectors and industries. We uphold the highest professional and ethical values.

We believe that accountancy is a cornerstone profession of society that supports both public and private sectors. That’s why we’re committed to the development of a strong global accountancy profession and the many benefits that this brings to society and individuals.

Since 1904 being a force for public good has been embedded in our purpose. And because we’re a not-for-profit organisation, we build a sustainable global profession by re-investing our surplus to deliver member value and develop the profession for the next generation.

Through our world leading ACCA Qualification, we offer everyone everywhere the opportunity to experience a rewarding career in accountancy, finance and management. And using our respected research, we lead the profession by answering today’s questions and preparing us for tomorrow.

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