2023’s Top 100 Trailblazers: Healing the Pipeline Gap!

1 min read

The 2023 Top 100 Most Influential People in Accounting have shared their recommendations for fixing the pipeline problem and addressing the talent shortage in the profession. Their responses include:

  • Changing the messaging and branding of the profession to focus on the positive aspects, such as lifelong learning, unique opportunities, and financial growth.
  • Improving the educational focus to include more practical, hands-on experience and attracting well-rounded students from diverse backgrounds.
  • Engaging with high school students to educate them about the profession and dispel myths and stereotypes.
  • Eliminating the 150-hour requirement for CPA eligibility and allowing credit for internships or self-employment.
  • Telling the profession’s own story and showcasing its impact and value to young people.
  • Targeting individuals looking for a second career and highlighting accounting as an opportunity for life change.
  • Fostering a more inclusive and diverse environment within the profession.
  • Expanding the definition of public accounting to include non-CPAs and creating alternate pathways to CPA licensure.
  • Raising entry-level compensation and eliminating mundane tasks through automation.
  • Emphasizing the outcomes and advisory nature of the profession to make it more appealing to college students.
  • Rebranding the entire profession to be less focused on CPAs and more inclusive of different accounting disciplines.

The article emphasizes the need for a comprehensive approach to address the pipeline problem, including transitioning to advisory services, reforming compensation systems, reducing workload hours, embracing innovation, and reshaping the narrative surrounding the accounting profession.

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