The writing has been on the wall for a number of years however current months have confirmed what many have lengthy feared – the accounting expertise scarcity is a real concern for companies.
Enterprise information web site Insider reported that the American Institute of Licensed Public Accountants says the variety of folks taking and passing the CPA examination is dropping1. A Deloitte ballot discovered expertise retention is a problem for 82% of hiring managers for accounting and monetary roles at public firms and 69% at non-public firms2. In the meantime, The Washington Put up revealed the variety of accountants and auditors employed fell by 17% between 2019 and 2021 – simply as college enrolment in accounting programs fell by 4%3.
Amid such pressures, it’s little surprise that famend accounting community BDO USA, which employs about 12,000 employees, is planning to double the scale of its offshore workforce to five,000 folks inside 5 years4. Companies of all sizes and shapes and throughout varied sectors are more likely to pursue the same path and after they do, they may discover a minimum of one modern agency going the additional mile to satisfy their wants.
As one of many largest and most skilled offshoring suppliers within the Philippines, MicroSourcing has a proud historical past of serving to companies from throughout the world minimize labor prices, scale quicker, discover specialist expertise and enhance efficiencies. A lot of our success stems from our skill to nurture high quality expertise swimming pools and because the accounting expertise scarcity continues to take its toll, we’ve launched an initiative to make sure extra of our candidates have the talents and certifications to satisfy the wants of our shoppers.
Why? As a result of we need to see them get HIRED.
What’s Undertaking HIRED?
Undertaking HIRED is a tailored coaching program that gives pre-qualified candidates with the talents they should carry out in particular accounting environments. With specialist areas together with Xero Payroll, Introduction to GST and software program reminiscent of MYOB and QuickBooks, the three-week course is overseen by a revered coaching institute and culminates with profitable members graduating with certification for accounting, bookkeeping and taxation.
How was Undertaking HIRED born?
One of many keys to success for any outsourcing supplier is the potential to foster a top quality expertise pool. It’s no totally different at MicroSourcing the place we spend countless hours choosing our candidates and guaranteeing they’re able to assist onshore groups. As a part of our efforts to introduce skilled, certified Filipino employees to shoppers, we’ve now determined to go the additional mile by not solely sourcing high quality accounting and finance candidates however facilitating the talents they should produce distinctive work as quickly as they begin with a enterprise.
In late 2022 we started the hunt for a coaching establishment that might accomplice with us to provide a specialist curriculum and have been thrilled to establish a revered staff that shares our perception within the mission. We then turned our consideration to enrolling the inaugural group of trainees to expertise the initiative.
Who can take part in Undertaking HIRED?
Undertaking HIRED is all about high quality so we’ve the best requirements when sourcing members. Trainee {qualifications} embrace:
- A Bachelor’s diploma in a finance-related course (eg: BS in Accountancy, BSBA main in Monetary Administration)
- No less than one yr’s native work expertise on the whole accounting
- Intensive expertise within the Philippines tax system
- A willingness to work in Manilla, the place our MicroSourcing HQ is positioned.
Our dedication to each our folks and shoppers is additional mirrored by the very fact MicroSourcing is subsidizing the price of the coaching program for members.
Supply: How Undertaking HIRED helps ease the accounting expertise scarcity (beepo.com.au)
How does Undertaking HIRED unfold?
The primary coaching course began in mid-February, with attendees logging on to on-line courses from 7-10pm, Monday to Friday. Internet hosting the course in a digital setting permits a extra various vary of candidates to take part, whereas night courses imply folks already within the workforce can be part of this system alongside these trying to find jobs. After two weeks of coaching in accounting practices, the main target then turns to a week-long certification course of.
How profitable was the inaugural course?
The inaugural coaching course resulted in an internet ceremony the place 44 proud ‘college students’ have been celebrated as graduates, 32 of whom at the moment are XERO-certified and one other 5 who’ve already been employed by corporations. Crucially, the rest have strengthened our expertise pool and are able to ship for shoppers that require hard-working and extremely certified accounting employees.
That is only the start …
Because the saying goes: ‘From little issues large issues develop’ and so it’s with Undertaking HIRED. Our first graduates are persevering with to be positioned. Our subsequent trainees are being recruited. We’re additionally enhancing this system to attain even higher outcomes. There is no such thing as a doubt the accounting expertise scarcity is a priority for a lot of of our shoppers however one other certainty is that their outsourcing accomplice is dedicated to doing no matter we are able to to search out and prepare the folks they should ease the load.
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