Tips to Advance Your Accounting and Finance Career

Every company needs accounting and finance professionals. This provides virtually endless opportunities to advance your accounting and finance career.

Whether you are just starting out or have many years of experience, learning from other professionals in your field is an effective way to advance your accounting and finance career. These suggestions may help.

Choose among these six tips to advance your accounting and finance career.

Find a Mentor

A professional in your field who has more knowledge and experience than you likely faced issues similar to yours. As a result, this professional can share their knowledge and provide insight to help overcome the issues that you might face. You can ask for advice and feedback to continue moving forward in your accounting and finance career.

Network

Build relationships with recruiters, hiring managers, company leaders, HR employees, and other professionals in your field. You can ask these individuals for ideas, advice, and guidance on your accounting and finance career path. They may share job openings with you, serve as employee referrals, or meet with you about opportunities that fit your skills, goals, and interests.

Learn New Technologies

Staying current on the use of technology helps advance your accounting and finance career. This includes enhancing your proficiency with Excel, using business intelligence tools such as Cognos or Crystal Reports, and understanding accounting systems such as SAP, Microsoft Dynamics, or Oracle.

Gain Experience in Different Fields

Invest time learning different areas of the industry to develop your accounting and finance career. This may include bookkeeping, preparing financial statements, financial reporting, internal auditing, compliance, or taxation.  Changing your job duties every 2-3 years lets you gain the knowledge, skills, and experience needed to stay competitive.

Become a Certified Public Accountant

Earning accreditation as a certified public accountant (CPA) shows you have high-level industry knowledge, skills, and ethics. This certification demonstrates your commitment to the field and ability to take on higher levels of authority.

CPAs are in great demand because they enforce higher standards for the accounting industry. These professionals perform highly specialized job functions that provide significant value for employers. This provides the potential for high salaries and growth for your accounting and finance career.

Focus on Specialization

Develop your skills in a specific area to advance your accounting and finance career. These areas may involve regulatory compliance, anti-money laundering (AML), Know Your Customer, Financial Industry Regulatory Authority, Comprehensive Capital Analysis and Review, or the rules related to capital adequacy and consumer protection under the Dodd-Frank Act. High-level knowledge and experience in any of these areas are valuable to employers.

Find a New Accounting and Finance Job

Finding a mentor and networking help you gain valuable guidance to advance your accounting and finance career. Learning new technologies and gaining experience in different fields help you stay competitive in the job market. Becoming a CPA or focusing on a specialization let you provide additional value for an employer.

Work with Casey Accounting & Finance Resources to find your next role. Learn about our job opportunities today.

5 Tips for Starting Q2 Strong

Starting Q2 strong involves capitalizing on your Q1 successes. You can use your momentum to continue moving the company forward.

You can use what you learned from your setbacks in Q1 to start Q2 strong. This increases the likelihood of achieving your goals over the next 3 months.

Implement these five tips for starting Q2 strong.

1. Capitalize on Your Momentum

Build on your successes from Q1 as you move to Q2. Balance your short-term urgency with your desired long-term gains. Focus on how your course corrections over the past 3 months can improve efficiency over the next 3 months.

2. Focus on the Future

Spend 10% of your time determining what went wrong in Q1 and 90% of your time planning for Q2. Figure out why you did not attain the desired outcomes and how you can do better going forward.

Focus on what you learned in the past 3 months that you can apply to the next 3 months. You might need to create systems and strategies or resolve process issues to reach your goals.

3. Analyze Market Trends

Pay attention to the trends that are impacting your industry. Focus on the internal and external factors that might impact your company’s financial performance in Q2. Adjust your plans to adapt to these changes for growth in your numbers.

4. Reassess Your Goals

Meet with your team to determine whether the goals set in January still are relevant in April. If they are, find ways to promote engagement to attain these goals. Otherwise, use the latest data and insight to adjust your Q2 goals.

5. Clarify Your Team’s Capacity

Use your team’s capacity to plan your Q2 goals. For instance, if your employees work 40 hours per week, their individual capacity is 40 hours. Therefore, your team’s collective capacity is 40 hours x your number of employees.

Ensure you leave at least 30% of open space for your team. For instance, if your employees work 40 hours per week, commit them to only 28 hours of work on reaching Q2 goals (40 – 30% = 28). This should allow adequate time for tasks that take longer than anticipated and for unexpected circumstances that arise.

Planning adequate time to reach their goals helps your employees fulfill their regular job duties and responsibilities while working toward Q2 objectives. It also helps prevent your employees from overworking to attain their 90-day business goals.

Get Help with Hiring

Capitalizing on your successes, focusing on the future, analyzing market trends, and reassessing your team’s goals help start Q2 strong. Being realistic about your team’s capacity should provide adequate time for them to fulfill their regular job duties while working toward their 90-day goals.

Let Casey Accounting & Finance Resources help with your hiring so you have more time to reach your Q2 goals. Reach out today.

Improve Retention by Improving Employee Health Benefits: What’s New in 2023

April is Stress Awareness Month, and “the number one stressor for HR pros is keeping top talent on board in a tough market,” according to a March 2023 survey from isolved. Keeping employees happy by showing them you care will be key to a company’s motivated team and ultimate success. Beyond the typical benefits, what are some of the newer trends? We’ll address that in this article, but first, let’s explore why there is a need to fortify your benefits offerings.

Employees Don’t Feel Cared For

According to MetLife’s “US Employee Benefit Trends” survey released in March, 42% of the 2,840 employees surveyed said they do not feel cared for by their employers. “Our research shows care is not only a differentiated driver of the employee experience – but also a proven workplace metric to measure employer outcomes, “ said Todd Katz, executive VP of group benefits at MetLife. “As the economy and the labor market remains volatile and workplace trends fluctuate, employers can’t afford to overlook employee care.” Caring for your employees is great for business and something employers can’t afford to ignore.

Two employee groups that are setting trends are Gen Z and women. Gen Z applicants are leading the charge on jobs with stability, a position where they can make an impact at a company that is socially responsible, and salary transparency. According to the latest Momentive/CNBC Women at Work Survey, conducted in February of a national sample of 10,278 adults, including over 5,000 women, the top reason women say they’re considering leaving their current role this year is for another job with higher pay (52%), followed by one with less stress (51%) and better work-life balance (48%). Women leaders are leaving their organizations at the highest rate ever, widening the quitting gap between women and men in senior roles, according to recent data from LeanIn.org and McKinsey & Company. To give some context, for every woman stepping into a director-level leadership role, two are choosing to leave, says Alexis Krivkovich, McKinsey senior partner and an author of the joint Lean In and McKinsey “Women in the Workplace” report.

Where Can You Find “Differentiated Drivers” To Your Employees’ Experience

“Businesses always try to find the employees who are truly impacting the organization positively or have the potential to with the right people and programs,” said Amy Mosher, chief people officer at isolved. “When the job market fluctuates between abundance and scarcity almost weekly, developing driven people is a necessity.” So, let’s turn our attention toward focusing on some differentiated drivers.

First, ensure your leaders are setting an example of taking time for their own health and wellness. Employees will notice this and feel more comfortable expressing their needs for support. Also, consider some of the following resources and programs to add to your benefits package:

  • A user-friendly digital platform to access benefits and other resources, such as
  • Prioritize mental health and emotional well-being benefits.
  • Substance Use Disorder (SUD) prevention programs.
  • Flexible hours for doctor’s visits and therapy appointments, caregiving responsibilities, and parents attending their children’s functions and events.
  • Subsidized or complementary childcare or daycare.
  • Adequate support and improved professional coaching for employees to excel in their jobs.
  • Adopting pay transparency practices (Laws already exist in Colorado, California, New York, and Washington.)
  • Short- and long-term financial wellness programs at work and benefits beyond retirement accounts. These include: building emergency savings, budgeting to pay monthly expenses, resources for critical items like food and housing issues, improving credit, and student debt repayment programs.

Putting Your People First is a Win

Financial well-being in the workplace is inextricably linked to physical and mental well-being. These, in turn, can have a positive, measurable impact on your organization – both for retention and recruiting. Focus on holistic programs rather than a single component when creating programs that support a strong workplace culture for all.

What do your employees want from your organization? Call Casey Accounting & Finance Resources to see how we can support you.

6 Effective Ways to Build Trust with Your Employees

As a manager, building trust with your employees is essential for success. You need your employees to carry out daily tasks related to their jobs. Your employees need you for guidance, support, and leadership.

Effective ways to build trust with your employees must be worked on daily. This is especially true if your employees work remotely or hybrid.

The more your employees trust you, the more engaged and productive they will be. This elevates job satisfaction, employee morale, and retention. It also increases your bottom line.

Choose among these six effective ways to build trust with your employees.

1. Openly Communicate

Build trust with your employees by initiating or joining in conversations. This may involve sharing company news and insights or answering questions. Also, be attentive to your employees’ concerns. Ongoing communication with your employees builds confidence in your leadership abilities.

2. Provide Flexibility

Although you want your employees to work full days, situations will arise when they must take care of their personal needs. Show compassion by letting your employees take care of family issues or other priorities that come up.

Your employees are likely to go above and beyond when you need them to. Being there for your employees shows they are trusted and valued team members.

3. Be Direct

Communicate with your employees in a clear, honest manner. This is especially important if you have bad news to deliver.

Calm, direct engagement in conversations lets participants be heard and understood. This supports respect and trust with your employees.

4. Delegate Responsibilities

Ask your employees to take on high-priority tasks and duties. Show that you trust them to follow through and reach deadlines with little oversight.

5. Offer Guidance

Reassure, support, or lead your employees when needed. Show that they can depend on you in good and bad times.

Help your employees move through challenges and come out stronger than before. Being there for your employees helps build trust.

6. Lead by Example

Model the behavior you want your employees to follow. This includes being authentic and vulnerable. Your employees are likely to trust you enough to be authentic and vulnerable in return.

Add Employees to Your Team

Openly communicating in a direct manner and providing flexibility help build trust with your employees. Delegating responsibilities, offering guidance, and leading by example show that your employees are valued and respected members of your team.

When you need to add employees to your team, get help from Casey Accounting & Finance Resources. Learn more today.

Challenges in Recruiting for Accounting & Finance Positions and How to Conquer Them

As The Great Resignation goes on, many employees are leaving their jobs for other opportunities. Therefore, the challenges in recruiting for accounting and finance positions continue to increase.

Many accounting and finance professionals are expected to accomplish more with fewer resources. This increases stress levels, especially during busy seasons. The inability to maintain work-life balance often leads to burnout.

As more accounting and finance professionals leave the industry or retire, fewer professionals are entering the field. This increases the challenges in recruiting for accounting and finance positions.

Because accounting and finance professionals are needed to drive business, company leaders must find ways to increase employee attraction and retention. These tips can help.

Learn the challenges in recruiting for accounting and finance positions and how to conquer them.

Loss of Talent

Many experienced accounting and finance professionals are leaving the industry. Job-related mental health concerns, such as anxiety and depression, are among the top reasons why.

Lack of work-life balance, especially during busy seasons, also contributes to the decision to leave. Constant exposure to work-related stress can lead to burnout.

Seasoned professionals are the hardest professionals to replace. This is especially true for mid-career professionals.

Increased Automation

Fortunately, you can support your accounting and finance team by implementing robotic process automation (RPA). This software emulates human actions and mimics how humans interact with technologies.

RPA can help with essential accounting and finance functions:

  • Analytical procedures
  • Financial statement preparation
  • Dual-purpose audit tests
  • Forecasting
  • Investment decisions
  • Cost allocation
  • Expense reimbursement
  • Accounts payable
  • Accounts receivable
  • Reconciliation
  • Tax reporting
  • Cloud-based applications

Providing access to the necessary tools, systems, and support helps accounting and finance professionals complete their work. This helps maintain work-life balance and positive mental health while reaching company goals.

Work with an Accounting and Finance Staffing Agency

You can conquer the challenges in recruiting for accounting and finance positions by partnering with a staffing agency that specializes in the industry. The agency has a vast network of experienced professionals with the skills and qualifications needed to help you achieve your company’s goals.

You can choose from temporary, temp-to-hire, and direct-hire workers to blend with your full-time employees. Taking advantage of this flexibility helps save money while filling your staffing needs.

Partner with Casey Accounting & Finance Resources

The loss of talent in the accounting and finance industry requires increasing use of automation to support your workforce. Working with an accounting and finance staffing agency can help you find the qualified professionals you need to reach your business goals.

Reach out to Casey Accounting & Finance Resources for help filling your recruiting needs. Get started today.

Reevaluating Recruiting in Today’s Hiring Market

It feels like changes in recruitment and retention are crossing our news feeds on the daily. That’s because it’s true. When was the last time you revisited your talent acquisition strategy? Last week? Last month? Last year? With so many fluctuations in the hiring market, your answer might be Yes, Yes, and Yes. While we may be exhausted by stories about the economy and possible recession, right sizing, layoffs, hybrid work environments, upskilling/reskilling, stretching your workforce, offering increased salaries, “perfect” candidates, culture, and more, the truth is that all these factors are creating a bit of lava in navigating how we recruit talent.

Looking Ahead

Even if you recently revised your practices, it may be time to be more forward-thinking. Some of the rules have changed. For example, skills may be more critical than experience. Could candidates with more general skills be a better fit to handle a wider variety of tasks if you can only hire one or two people? Maybe long-term adaptability is a better solution for your ever-changing business landscape.

How well are you monitoring your recruitment and retention data, and what’s missing in your data analysis? Most companies are pretty adept at monitoring cost per hire, speed to onboard, turnover, and poor performance. However, if you are just looking at the numbers within their individual silos for increases or decreases without truly analyzing the cause and effect of the numbers as a whole, you may be missing opportunities for significant solutions and improved milestones.

There are plenty of articles and guidance available on the candidate application journey all the way through the onboarding process. While we won’t get into these topics in this article, we would be remiss in reminding everyone that these areas are often overlooked. You’d be surprised how many candidates drop out of the cumbersome application process. Also, investing in your onboarding process may create a positive experience from day one, which translates into highly engaged employees from the start of their employment journey at your company.

How We Can Help

According to Business.com, the cost of a bad hire is estimated at approximately 30 percent of the employee’s salary or more. Talent acquisition isn’t a pristine journey, and you are not alone if you feel your strategy isn’t perfect. Even if you don’t have all the digital bells and whistles, we can offer suggestions to track and get better results.

Let us review your processes and metrics to drive improvements.

  • Review how you’re filling roles. Is the process quick but suffering from low retention or poor performance? Stakeholders only see things like longer project completion rates or slower fulfillment of products or services. These factors affect business improvement.
  • Consider consistent question lists for all interviewers to help predict a candidate’s success in your organization.
  • Benchmark the employees who appear to be the “perfect” candidate to understand the soft and transferrable skills that make them better performers. Incorporate some of this data into job descriptions and interviews.
  • Remain engaged with candidates to assist in future referrals. Likewise, your employee base might be one of the better options to mine for new hires. This “human cloud” resource may help you stay connected to the talent you seek.

If you have limited resources to execute improved recruiting strategies, there are still ways to adapt your long-term talent acquisition strategy.

Call us today to discuss your recruiting challenges. We’ll put on our consulting hats to help create an environment that is adaptable to the unpredictable business climate, and where everyone wins.

Chicago-Based Staffing Firm Casey Accounting & Finance Resources Wins Two ClearlyRated 2023 Best Of Staffing® Awards

 

The company received both the Talent Satisfaction and Client Satisfaction awards for service excellence

SCHAUMBURG, Illinois – Feb. 7, 2023Casey Accounting & Finance Resources (www.caseyresources.com), an industry leader in the recruitment of Accounting & Finance Professionals for direct hire and contract placements, announced they have earned ClearlyRated’s Best of Staffing® Client Satisfaction Award for providing superior service to their job candidates for nine years in a row. The company also received ClearlyRated’s Best of Staffing® Talent Satisfaction Diamond Award. Presented in partnership with presenting sponsor Indeed and gold sponsor Talent.com, ClearlyRated’s Best of Staffing® Award winners have proven to be industry leaders in service quality based entirely on ratings provided by their clients. On average, clients of winning agencies are twice as likely to be completely satisfied with the services provided compared to those working with non-winning agencies. Clients rated the company with 4.9/5 stars for service excellence and placed candidates rated the company with 4.7/5 stars for service excellence. This is the eighth consecutive year the company has won the Talent Satisfaction award and the ninth year to win the Client Satisfaction award.

Focused on helping companies find the right people for their job openings, Casey Accounting and Finance Resources received satisfaction scores of 9 or 10 out of 10 from 93.8% of their clients, significantly higher than the industry’s average of 46%. The company received satisfaction scores of 9 or 10 out of 10 from 64.7% of their placed job candidates, significantly higher than the industry’s average of 45%. The company’s Net Promoter Score (NPS) of 93.8% for client satisfaction and Net Promoter Score (NPS) of 58.8% for talent satisfaction far exceeds the industry’s average of 31% for client satisfaction and 19% for talent satisfaction.

The company is proud of the trust and loyalty its customers and associates have in the Casey team to be able to earn this distinction as a leader in service excellence for nine (client) and eight (talent) consecutive years. Best of Staffing recognition validates our hard work delivering high-quality, relationship-building workforce management solutions for its clients and job seekers. The team is grateful that its culture of customer satisfaction is appreciated by all those the company serves and that they meet and exceed expectations daily.

Casey Accounting and Finance Resources was acquired by Cornerstone Staffing Solutions, one of the largest staffing firms in America, in December 2017 and operates as an independent division of Cornerstone. Altogether the Cornerstone Staffing Solutions family of companies have won 37 ClearlyRated Best of Staffing Awards.

“I am pleased to introduce the 2023 Best of Staffing winners alongside their validated service ratings on ClearlyRated.com,” said ClearlyRated’s CEO, Eric Gregg. “These firms have demonstrated a remarkable commitment to delivering amazing experiences, despite another year of upheaval and macroeconomic uncertainty. Hats off to these service leaders – it’s truly an honor to recognize and celebrate their achievements.”

#staffing #recruiting #bestofstaffing #bestofthebest #winners #customersatisfaction

 

Are You Hiring for Culture Fit or Culture Add?

It’s still a struggle to find qualified candidates. We’ve talked about refining your long-standing hiring habits to improve finding qualified and quality candidates to fill your open positions. One area that seems to be getting a bit of airtime is “culture fit.” Oftentimes, we look for candidates that “fit the mold” of current employees – you know – finding candidates whose working preferences and values match the company. What may be happening inadvertently is an unconscious bias when you hire for culture fit. Some experts agree that you might want to consider hiring for “culture add” to not only widen your candidate pool but also improve the creativity, diversity, and thought-provoking dialogs in your department and organization.

Why Culture Fit Falls Short of Being Fair

According to Gallup, many assumptions can be made when hiring for culture fit:

  • It assumes the hiring decision-maker understands and role models organizational values, beliefs, and expected behaviors. Decision makers often come with their own values and beliefs that may not align with the organization’s, further creating hiring bias.
  • It assumes the decision-maker can make a fair, informed selection decision.
  • It assumes that an organization has a level of maturity in its culture journey.

Typically, if the candidate doesn’t fit the culture, they aren’t hired. You may be escorting a candidate who could be a great employee right out the door because of culture-fit hiring practices.

What is Culture Add?

Gallup defines culture add as “a fresh spin on the concept of culture fit. Rather than making hiring decisions that create a homogenous, familiar culture, culture add promotes hiring decisions that focus on the candidates’ unique and beneficial attributes, values, beliefs, and behaviors. It is what they bring to your organization from their distinct perspective and experiences.”

What’s the upshot of hiring for culture add? Gallup explains it like this. If the workforce is shrinking, the fundamental need is for organizations to recognize what they are hiring for and why it matters. The right hiring practices examine not only cultural needs, value systems, and technical competence but also factor in role-specific talent attributes and behaviors for high performance.

In today’s marketplace conditions, 85% of currently employed U.S. workers say they are considering leaving their jobs in the next six months, according to LaSalle Network. U.S. Secretary of Labor Marty Walsh said in an interview at the CNBC Work Summit that he expects job growth should continue into 2023.  However, the demographic data on the U.S. working-age population is concerning, with baby boomer retirements expected to accelerate in the years ahead, compounded by a peak being reached in high school graduates by 2025, limiting both the total size of the next-generation labor pool and the transfer of knowledge between the generations of workers.

The thing to pay attention to here is recruiting and retention. If managers and employees are disengaged, and the statistics hold true, finding and keeping good employees will continue to be a challenge.

Does Culture Add Practices Even Make a Difference With Remote and Hybrid Work?

Some may argue that remote/hybrid work environments destroy a company’s culture. That’s not necessarily true. There’s a common belief that when employees are physically together, they develop important social bonds that simply can’t be replaced by email, Zoom, and Slack.

In fact, 23% of U.S. hybrid workers strongly agree that they feel connected to their organization. Only 20% of all employees strongly agree they feel connected to their organization’s culture.[1]

And leaders have good reason to care. Employees who strongly agree that they feel connected to their culture are:

  • 3.7x as likely to be engaged at work
  • 5.2x as likely to recommend their organization as a great place to work
  • 37% more likely to be thriving
  • 68% less likely to feel burned out at work always or very often
  • 55% less likely to be looking for a job[2]

Gallup’s data shows us that being in the office never equaled a great culture. There are many ways to create connectedness within teams and across companies. Here are some best practices for managing remote teams.

With remote and hybrid work being the preferred option for many employees whose job allows this option, a solution of culture add or a revision of culture fit may still make it possible to add employees who bring value that is lacking in the organization.

We Can Help

Be less concerned about culture fit and more interested in adjusting hiring practices to align with employee talents, competence, and aspirations. Choose that employee who helps move the organization forward. Also, continue to watch for managers and staff who are disengaged and talk to them about the value they bring to your organization.

Let’s discuss the challenges you’re facing. Contact Casey Accounting & Finance Resources today.

 

[1] https://www.gallup.com/workplace/401576/dont-confuse-office-culture.aspx?utm_source=workplace&utm_medium=email&utm_campaign=gallup_at_work_newsletter_send_2_october_10182022&utm_term=newsletter&utm_content=a_new_chapter_cta_1

[2] https://www.gallup.com/workplace/401576/dont-confuse-office-culture.aspx?utm_source=workplace&utm_medium=email&utm_campaign=gallup_at_work_newsletter_send_2_october_10182022&utm_term=newsletter&utm_content=a_new_chapter_cta_1

2023 Accounting and Finance Salary Survey Available!

The labor market remains to be very tight across the board! It is not just direct-hire but contract-to-hire and contract roles.

Casey Accounting & Finance Resources has compiled its January 2023 salary data for the fields of accounting and finance. Recruitment is really heating up, and job postings are plentiful. The war for talent is on, so having the most up-to-date information is vital!

With compensation trends changing on a monthly basis, both sides can benefit from having this information during job negotiations.

Casey Accounting & Finance Resources can help financial professionals who want to learn more about what salary expectations should be. We have compiled our salary survey list with updated facts and figures, including job descriptions for more than 110 accounting and finance positions in the Chicago metropolitan area.

If you would like to view the salary survey, please click the link to download!

Accounting and Finance Trends to Watch for in 2023

The role of accounting and finance candidates continues to expand. The increasing use of technology is responsible for many changes in client expectations.

Today’s professionals are impacted by the changing accounting and finance trends. Companies that keep up with these trends and train their teams accordingly maintain a competitive edge.

Pay attention to these accounting and finance trends to keep your company competitive in 2023.

Diversified Client Services

According to Sage’s The Practice of Now 2020 report, 79% of accountants state that their client expectations now include business and finance consultancy. In addition to bookkeeping and accounting guidance, these clients want advice on complying with emergency legislation, leveraging government assistance, and computing leave entitlements and wage subsidies.

Most accountants use technology to provide clients with more efficient services. This significantly improves client satisfaction.

Enterprise Resource Planning Systems

Implementing enterprise resource planning (ERP) systems lets companies combine their accounting and financial data with other business areas. Examples include supply chain, order, and production management. Using an ERP system lets the data be entered into one application that is accessible throughout the organization.

Implementing an ERP system means employees must be trained to use only one system. These employees also can find the information they need from one source. Additionally, having one source of information promotes collaboration. Plus, the centralized information for analytics and reporting helps leaders make more informed business decisions.

Artificial Intelligence

According to the Harvey Nash/KPMG CIO Survey 2020, 47% of CIOs say the coronavirus pandemic caused digital transformation and adoption of emerging technology to accelerate. Examples include artificial intelligence (AI), machine learning (ML), blockchain, and automation.

The extraction of quality data is critical to effectively using AI. The process requires the right applications, cloud solutions, analytics, and business processes.

Providing accurate business intelligence maximizes the use of the data. This gives organizations a competitive edge.

Cybersecurity

The handling of confidential data requires strong cybersecurity. Data breaches allow cyber criminals access to payroll, tax, and other financial information. These breaches impact a company’s credibility and reputation.

According to the Harvey Nash/KPMG survey, spear-phishing increased by 83% in 2020 because of the pandemic. Malware increased by 62% and denial-of-service attacks grew by 21%. This is why 47% of CIOs included security and privacy as one of their top three technology investments. As a result, accounting and finance professionals must comply with cybersecurity best practices to safely collect, store, use, and share data.

Competition in Hiring

Diversified client services, implementation of ERP systems, increasing use of AI, and the evolving need for cybersecurity are among the accounting and finance trends for 2023. Capitalizing on these trends helps your company stay competitive.

Steep competition for hiring accounting and finance professionals is expected to continue throughout the next year. Turn to Casey Accounting & Finance Resources for help. Get started today.