Global Talent Trends 2023: The Americas
This ground-breaking global research is one of the largest ever studies across the accountancy profession, providing a unique and vital view of what people think about working in the profession right now
Key findings from Global Talent Trends 2023: The Americas:
- The inflation crisis fuels wage pressures. Rising prices are challenging employees and employers and putting pressure on wage demands and staff retention. Employers across the Americas have expressed concern about their ability to attract and retain talent, both now and in the future.
- Hybrid and remote working leads the way. Fewer than half (46%) report being fully office based, and 89% state they would like to work remotely at least one day a week in the future. More than three-quarters (77%) say they believe they are more productive when working remotely.
- Mobility is driving a possible talent crunch. Employers face significant attraction and retention challenges in a profession with high levels of mobility and wide job opportunities. Employee satisfaction and career progression opportunities are crucial for mitigating this potential ‘talent crunch’.
- Addressing burnout has to be a priority. Stress and mental health issues are evident across the workforce, most notably among its younger members. The issue of wellbeing and mental health consistently ranks in the top three work challenges across the Americas, with the exception of North America.
- Technology is empowering, but concerns prevail. Technology is key to adding value with 95% stating that they understand how it can help, but many say they require more training and support, with 79% stating that they would like to receive more training on technology from their employer.
- Inclusivity measures score well, but social mobility lags. 61% of respondents in the Americas indicate that they believe their organisation’s culture is inclusive. Despite these positive scores, 45% of respondents in the Americas believe that a low socio-economic background is still a barrier to progression in their organisation, indicating there is still significant work to do on improving social mobility.
"Our Global Talent Trends research explores the aspirations and challenges of accountancy and finance professionals and provides insight into the changing nature of working practices in the Americas post pandemic."Gerard McGuinnity, head of Americas, ACCA