Flexible, non-linear career routes are expected to become more prevalent in accountancy by 2035, according to a new survey by the Association of Chartered Certified Accountants (ACCA).
The survey found that around 51% of respondents expect flexible career paths to replace traditional linear progression. Another 35% believe both models will exist alongside each other.
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The findings are based on views gathered from around 2,600 ACCA members and future members, along with 145 employers. Their responses are captured in a new report entitled Career Paths Reimagined.
The report places preparation for the more flexible structure at the centre of its recommended actions for the profession.
It sets out the capabilities that finance professionals are likely to need for future career success.
The findings emphasise interpersonal abilities, technology skills and core technical expertise, along with the development of specialist knowledge. A curious, adaptable mindset is also highlighted as increasingly important.
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By GlobalDataThe report notes that career breaks and “micro-retirements” are expected to become more frequent as working lives lengthen.
ACCA chief executive Helen Brand said: “Accountancy is being redefined in ways that are reshaping and expanding the role of the profession.
“While traditional career paths are giving way to more flexible, individualised routes that are shaped by skills rather than titles, opportunities to grow and thrive have never been greater for those prepared to embrace change.”
Survey respondents identified technology as the strongest of eight key forces reshaping careers and workplaces.
The other factors listed are personal expectations, geopolitics and economics, the role of professions, enforced changes, a sustainable world, societal expectations and demographics.
The report links the expected rise of flexible career paths to changing organisational structures, rapid technological progress, demographic shifts, weaker economic performance and dissatisfaction with the impact of senior roles on work-life balance.
ACCA business management head and report author Clive Webb said: “The report shows that those who appreciate and adapt to the changes will benefit from stimulating and rewarding careers in finance and accountancy.”
