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October 6, 2011

Accountants look abroad as discontent grows at home

Accountancy firms and in-house financial departments must put staff career development as a top priority or risk losing them, according to an online survey by CareersinAudit.com.

The survey of 1,700 accountants found 40% were already job hunting, another 18% will be looking for a new job within six months and a further 13% between 6-12 months. 

Eight in ten surveyed did not believe their company was doing enough to help develop their careers and four in ten felt that career development is low on their company’s priorities.  

The majority of accountant respondents (77%) also believed their bosses were failing to encourage and nurture employees.

The survey also revealed 85% would readily consider moving abroad, even learning a new language if required. Western Europe (22%), the Middle East (16%) and Australia and New Zealand (14%) were amongst the most popular with 30% of accountants who wanted to leave their job immediately also felt their career progression would fare better overseas.

Nearly half the respondents admitted however that a pay rise, promotion and better benefits could sway them to stay and about 25% would like the option to relocate internationally within the firm.

“However, it should also be noted that job seekers must also avoid complacency,” CareersinAudit.com director Max Williamson warned. “Due to the lack of opportunities over the last two years, these roles are receiving many applications and competition remains high,” he added.

The survey involved respondents from across the globe, 850 of which were based in Europe and the UK.

 

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