now loading...
Wealth Asia Connect Middle East Treasury & Capital Markets Europe ESG Forum TechTalk
Understanding ESG / TechTalk
Diversity, inclusion critical amid talent crunch
AI, digital technology redefining essential value of finance professionals in Asia-Pacific
The Asset 26 Feb 2024

A majority of finance professionals (78%) say a strong diversity and inclusion culture is a key factor in deciding to work at an organization; and, as the talent crunch continues, over half of these professionals expect their next career move to be external to their current employer, according to a recent survey.

As well, a significant shift is underway, with a strong focus on integrating artificial intelligence (AI) in finance roles, highlighting the necessity for professionals to adapt and embrace new skills, finds the Association of Chartered Certified Accountants (ACCA)’s latest annual Global Talent Trends Survey 2024, in which almost 10,000 professional accountants from 157 countries were asked about the concerns they held around future work and aspirations for their careers.

The report further reveals a critical insight into the talent dynamics within the Asia-Pacific market, noting that a staggering 58% of professionals are seeking a pay rise in 2024, reflecting the growing concern over compensation amid global economic strains. However, there’s a notable dichotomy, with 50% believing that transitioning to a new organization is necessary to achieve their financial goals.

A spotlight is also cast on the in-demand soft skills that are pivotal in the current climate. Communication, problem-solving, adaptability and initiative are identified as the core competencies employers in Asia-Pacific eagerly seek. These skills complement the technical expertise in finance, enabling professionals to navigate the complexities of the modern business environment effectively.

The report emphasizes the importance of continuous learning and development, encouraging professionals in Asia-Pacific to engage in lifelong education to remain competitive.

“Across Asia-Pacific, we're witnessing a transformative phase where AI and digital technologies are not just tools but essential elements that redefine the value finance professionals bring to the table," says Pulkit Abrol, ACCA’s director for Asia-Pacific. “It's a compelling and exciting call to action for organizations, individuals and future professional talent to leverage these technologies, enhancing analytical capabilities and strategic insights.”

Conversation
Andy Chang
Andy Chang
president
Cathay Securities Investment Trust
- JOINED THE EVENT -
7th Taiwan Investment Summit - Webinar Series 2021
Transitioning to a green future
View Highlights
Conversation
Darius Liu
Darius Liu
co-founder & chief operating officer
ADDX
- JOINED THE EVENT -
Asset Servicing Leadership Series
How digital assets are transforming Asia's investment landscape
View Highlights