Global skills shortages and a post-pandemic power shift in employee versus employer demands have created a recipe for disaster. Some 57% of UK finance leaders are concerned about issues surrounding the hiring of new talent in 2022, recent Yooz research found.

Recruiting people with the necessary skills (40%) is the biggest concern now - more so than wage demands (39%) and flexible/home working preferences (37%).

Skills shortages aren’t mutually exclusive to the accounting industry, but there are growing fears that a lack of new and existing talent could put companies under regulatory pressure as well as financial.