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Manpower Dynamics. Data Intelligence

Accountancy

Accounting firms; Government departments; Non-governmental organisations and statutory bodies; Commerce and services establishments; Industrial establishments.

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Year 2021 Tooltips

Partner/ Principal/ Director/ Chief Financial Officer

0

Senior Manager/ Financial Controller

0

Manager

0

Supervisor/ Senior

0

Clerk/ Associate

0

Trainer/ Teacher

0

Total

0

Partner/ Principal/ Director/ Chief Financial Officer

0

Vacancy rate: 0.2%

Senior Manager/ Financial Controller

0

Vacancy rate: 0.4%

Manager

0

Vacancy rate: 0.9%

Supervisor/ Senior

0

Vacancy rate: 1.0%

Clerk/ Associate

0

Vacancy rate: 1.1%

Trainer/ Teacher

0

Vacancy rate: 0.0%

Total

0

Vacancy rate: 0.9%

 

All the percentages are rounded to nearest 0.1%.

Partner/ Principal/ Director/ Chief Financial Officer

0

Turnover rate: 1.2%

Senior Manager/ Financial Controller

0

Turnover rate: 2.8%

Manager

0

Turnover rate: 8.5%

Supervisor/ Senior

0

Turnover rate: 7.3%

Clerk/ Associate

0

Turnover rate: 7.1%

Trainer/ Teacher

0

Turnover rate: 6.3%

 

All the percentages are rounded to nearest 0.1%.

Monthly Income Tooltips

 

All the percentages are rounded to nearest 0.1%.

Icon of

Partner/ Principal/ Director/ Chief Financial Officer

87.3%First Degree

Icon of

Senior Manager/ Financial Controller

97.0%First Degree

Icon of

Manager

89.0%First Degree

Icon of

Supervisor/ Senior

42.1%First Degree

29.9%Diploma/Certificate

Icon of

Clerk/ Associate

42.7%Secondary 4 to 7

36.9%Diploma/Certificate

Icon of

Trainer/ Teacher

80.5%First Degree

 

All the percentages are rounded to nearest 0.1%.

Icon of

Partner/ Principal/ Director/ Chief Financial Officer

82.0%10 Years or More

Icon of

Senior Manager/ Financial Controller

71.3%6 Years to Less than 10 Years

Icon of

Manager

62.2%6 Years to Less than 10 Years

34.7%3 Years to Less than 6 Years

Icon of

Supervisor/ Senior

56.1%3 Years to Less than 6 Years

Icon of

Clerk/ Associate

62.8%Less than 3 years

35.7%3 Years to Less than 6 Years

Icon of

Trainer/ Teacher

53.0%3 Years to Less than 6 Years

34.3%6 Years to Less than 10 Years

 

All the percentages are rounded to nearest 0.1%.

Recruitment Difficulties

1st

Working conditions/remuneration package could not meet recruits' expectations

2nd

Lack of candidates with relevant experience and training

3rd

Insufficient accountancy graduates from tertiary institutions

Manpower Demand

Average Annual Growth

0

2021

Actual

0

2025

Forecast

0

Note(s):
(1) The figures included employees and vacancies.
(2) The manpower forecast is based on the statistical modelling of relevant economic indicators which reflect important changes in the local economy, demography and labour market.

 

All the percentages are rounded to nearest 0.1%.

Report

Accountancy Sector - 2021 Manpower Survey Report Image
  • Accountancy
  • 2021 Manpower Survey Report

Shifting to a More Analytical Role Amid Coronavirus

The advancement in technology is impacting virtually all industries. New technologies are taking the accounting sector to new levels. Emerging technologies support the transitional role of accounting personnel into a more analytical one. Rapid advancement of technologies is giving new roles for accounting practitioners who require a new set of skills and competencies. Accounting practitioners need to reskill and upskill themselves to evolve with the changing environment. The future accountants will assume a more strategic and creative role in the business world.

Accountancy Sector - 2020 Manpower Update Report  Image
  • Accountancy
  • 2020 Manpower Update Report

The Paradigm Shift

Technology is reshaping the profession. While some accounting practitioners are reskilling or upskilling themselves using technological tools to transform the role they need to perform, tech-savvy practitioners with core technical knowledge are most needed by employers. Agility, resilience to change and the ability to embrace technology are the desired attributes of future accounting practitioners. The future accounting workforce should make good use of their creativity, agility, critical thinking and adaptability to effectively respond to an environment of technological change.