A strong diversity and inclusion culture is revealed to be a critical factor in deciding to work at an organisation.
This is the findings of a recent talent survey by the Association of Chartered Certified Accountants (ACCA) across the accountancy profession.
According to ACCA's Global Talent Trends Survey 2024, which asked almost 10,000 professional accountants from 157 countries, 78% of the respondents say diversity and inclusion are important amid the continuing talent crunch in the sector.
The survey also assessed key workplace issues including hybrid working, diversity, mobility and mental health, as well as the cost-of-living crisis.
Technology and finance professionals
According to the report, a significant shift is underway in the region, with a strong focus on integrating artificial intelligence (AI) in finance roles, highlighting the necessity for professionals to adapt and embrace new skills.
"Across APAC, we're witnessing a transformative phase where AI and digital technologies are not just tools but essential elements that redefine the value finance professionals bring to the table," says Pulkit Abrol, director for Asia Pacific at ACCA.
"It's a compelling and exciting call to action for organisations, individuals and future professional talent to leverage these technologies, enhancing analytical capabilities and strategic insights."
Pulkit Abrol, ACCA
Pay rise concerns
The ACCA report also reveals a critical insight into the talent dynamics within the APAC market, with a staggering 58% of professionals seeking a pay rise in 2024.
This reflects the growing concern over compensation amidst global economic strains. However, there's a notable dichotomy, with 50% believing that transitioning to a new organisation is necessary to achieve their financial goals.
"This underscores the urgent need for organisations in APAC to rethink their talent retention strategies, ensuring that career progression and financial recognition are aligned with the expectations of their workforce," Abrol says.
Demand for soft skills
A spotlight is also cast on the in-demand soft skills that are pivotal in the current climate.
Communication, problem-solving, adaptability, and initiative are identified as the core competencies employers in APAC eagerly seek.
These skills complement the technical expertise in finance, enabling professionals to navigate the complexities of the modern business environment effectively.
The ACCA's report also emphasises the importance of continuous learning and development, encouraging professionals in APAC to engage in lifelong education to remain competitive.
"The landscape is evolving at an unprecedented pace, and staying ahead means being proactive about learning and personal development," remarks Abrol.
