Workforce shortages are affecting many areas of government, but public finance is particularly hard hit. Shortages of accountants are a severe problem, with too few candidates replacing aging employees.
In Brief:
- The public finance workforce is still below pre-pandemic numbers. A third of the existing workforce is eyeing retirement.
- Recruitment is a challenges, with college students deterred by barriers to entry including lengthy licensing requirements and subpar pay.
- Possible solutions include more financial aid and a streamlined hiring process.
By now, problems with workforce shortages are pretty familiar, but here’s a specialized area you might not have thought about: The nation is in the middle of a shortage of accountants that’s only going to get worse.
governing.com
July 3, 2024 • Zina Hutton