How Offshoring Has Moved Far Beyond Bookkeeping
Accounting and advisory firms vigorously tap into global talent pools in response to shifting market dynamics and evolving client demands. This strategic action is addressing staffing shortages while enhancing service offerings. Businesses are concerned about an impending talent exodus and a decline in interest in accounting. So, what is making outsourced accounting services popular? Well, these entities adopt innovative strategies for attracting skilled professionals, and through retention programs, they simultaneously expand their capabilities. This approach aligns them effectively within our rapidly changing landscape. Approximately 300,000 professionals have departed public accounting roles in the United States between 2021 and 2022. This significant transformation within the US accounting industry reflects a trend: fewer college students are choosing careers in accounting. Therefore, this statistic prompts firms to reconsider their recruitment strategies and methods of ret