Unlock Growth
Augment your business with virtual audit & accounting team members
HUMAN CAPITAL CRUNCH
The UK and US accountancy professions are facing a significant challenge – a skills shortage. More than 300,000 U.S. accountants and auditors have left their jobs in the past two years, a 17% decline, and the dwindling number of college students coming into the field can’t fill the gap.
Source https://www.wsj.com/articles/why-so-many-accountants-are-quitting-11672236016
This shortage of accounting staff is mirrored in the UK where the issue has been exacerbated by Brexit.. The Centre for European Reform’s research found that, after accounting for the gain of non-EU workers, the UK’s workforce has reduced by 330,000 since Brexit. While that is a significant but not huge number, it has a disproportionate impact. Those workers tend to be concentrated in certain sectors, including accounting and financial services.
Source: https://www.cer.eu/in-the-press/shortfall-330000-workers-uk-due-brexit-say-think-tanks
The post-pandemic skills and talent shortage is not unique to the accounting profession however is worse than most. Bloomberg has gone as far as stating that the accountant shortage threatens capitalism’s future.
According to Caseware’s State of Accounting Firms Trends Report 2023, the fastest-rising challenge from last year’s survey is the situation around talent management. “Finding the right talent” saw an increase of a whopping 21%, skyrocketing from 14% to 35%. It’s clear that practices are struggling to find new staff that have the accounting skills deemed necessary to perform work at a level acceptable to clients; some, sadly, are even having to turn business away due to a shortage of staff.
Source: https://www.caseware.com/resources/reports/2023-state-accounting-firms-trends-report/
Extremely Challenging Somewhat Challenging
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How challenging is it to retain the talent you currently have?
Extremely Challenging
Somewhat Challenging
Not Challenging At All
AUGMENT YOUR TEAM
We understand the challenges faced by accounting and auditing firms when it comes to finding and retaining the right talent. Augmentum Audit Solutions is here to alleviate those pressures by providing a flexible and reliable workforce to augment your existing team. With our expertise and tailored staffing solutions, we provide virtual team members who seamlessly integrate with your organization, empowering you to deliver exceptional service to your clients.
- Needs Analysis
- Role scoping
- Contracting
- Recruitment
- Candidate verification
- Compliance
- Legal & regulatory compliance
- Client induction
- IT Training
- Systems Training
- Client & project training
- Project Induction
- Operating rhythm
- Mentoring
- Continuous learning & development
- Performance appraisals
- Career planning
- Reward & recognition
UNLOCK GROWTH
Augmentum Audit Solutions, we are dedicated to helping accounting and auditing firms reach new heights of success. As your business grows, so do your staffing needs. Augmentum Audit Solutions offers flexible solutions that adapt to your changing requirements. Scale your operations up or down effortlessly, maintaining productivity and efficiency without compromising quality.
Unparalleled Expertise
+ Team of internationally qualified accountants & auditors
+ Extensive knowledge and experience
+ Handle complex financial tasks
+ Accuracy and compliance with industry standards.
Guaranteed Savings
+ Guaranteed 30% saving compared to on-shore, in-house staff*
+ Savings of 50%+ possible for some roles
+ Remove costs & complexities associated with reducing headcount.
*Based on full cost to company
Scalable & Flexible
+ As your business grows, so do your staffing needs.
+ Flexible solutions that adapt to your changing requirements.
+ Scale your operations up or down effortlessly
+ Maintain productivity & efficiency without compromising quality.
Transparent Costs
+ Single, transparent cost to company.
+ Comprehensive package includes salaries, benefits, deductions, and incentives to full management support, IT & equipment, and office expenses.
Seamless Integration
+ Virtual accountants become an integral part of your team
+ Working collaboratively to achieve your business objectives.
+ Effective communication channels and advanced technology,
+ Seamless working experience.
Managed Solutions
+ Dedicated success managers
+ Expert team supports entire journey from recruitment to onboarding and ongoing management
+ Smooth assimilation of our qualified accountants into your team