Three out of five Indian finance professionals feel overwhelmed by the swift pace of technological advancements impacting their roles, a survey conducted by an accountants' collective has said.
The Association of Chartered Certified Accountants, or ACCA, surveyed 10,000 professional accountants from 157 countries for a view into their work-related worries and hopes.
The Global Talent Trends Survey 2024 revealed a persistent talent shortage, with more than half of Indian participants saying they anticipate opportunities outside their current organisations for their next career steps.
However, 79 per cent of them expressed optimism that AI will enhance their value in the future. Four out of five employees expressed a desire for their employers to offer more technology training.
Hybrid work is slowly gaining popularity, yet significant gaps persist between employee preferences and employer expectations. While 75 per cent of employees favour this arrangement, many employers still push for traditional full-time office setups.
The survey revealed that mental health remains a significant concern, with 63 per cent of respondents reporting work-related stress affecting their well-being and nearly half feeling their employer doesn't prioritise mental health.
Jamie Lyon, Global Head of Skills, Sectors, Technology at ACCA said, "The shortage of talent and cost of meeting pay rise demands, together with the many job opportunities available to professional accountants, mean that attracting and retaining talent presents a huge ongoing challenge for employers."
He added, "So, it’s unsurprising that the number of respondents planning to move away from their organisations remains high."
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