Stop talking about the talent shortage and start solving it!

By Jerry Maginnis

There has been significant coverage recently, in both the business and mainstream media, of "the accounting talent crisis." For the most part, these accounts have been factual and timely, but they often focus more on the problem than potential solutions.

The challenge, in short, is that there are not enough accountants to do the work required. As with other professions, baby boomers are retiring in large numbers, but accounting enrollments are also down precipitously at many colleges and universities. In addition, many are leaving the profession after a few short years for what they perceive as greener pastures. Collectively, these factors have resulted in a situation where there is an alarming shortage of accountants.

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