Demand for Accountants in Canada Remains High as Larger Firms Struggle to Retain Staff

January 9, 2023 | Category:

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The demand for accountants in Canada remains strong, with a range of career opportunities available for those with the right skills and experience. According to the Chartered Professional Accountants of Canada (CPA Canada), the accounting profession is expected to continue growing over the next decade, with a particular demand for professionals with expertise in areas such as data analytics, artificial intelligence, and cybersecurity.

However, while the demand for accountants remains high, larger accounting firms are struggling to retain staff, as many are leaving the profession to pursue careers in other industries or non-accounting functions. According to a recent survey by CPA Canada, one of the main reasons for this trend is the overwhelming workload and long hours that are common in the accounting profession.

To address this challenge, many larger firms are implementing new policies and initiatives to improve work-life balance and reduce burnout among their staff. These initiatives may include flexible work arrangements, such as remote work or part-time hours, as well as mental health and well-being programs to support staff.

For those interested in a career in accounting, this trend presents both opportunities and challenges. On the one hand, the demand for accountants is expected to remain strong, and there are many career opportunities available for those with the right skills and experience. On the other hand, those who are considering a career in accounting may need to be prepared for the demands of the profession, including long hours and a high level of responsibility.

Overall, the demand for accountants in Canada remains high, but larger firms are struggling to retain staff due to the overwhelming workload.

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