Report
Facing the accountant shortage in 2024
The United States is lacking 340,000 accountants. Get insights from 2k+ companies around the world to understand strategies to fill the gap.
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Report Summary
As an Employer of Record software, Multiplier helps companies to onboard talent in other countries. That means our experts have access to insights about how companies are adapting their hiring strategies in the face of accounting shortages. We cover their insights here, looking at the landscape of hiring across the globe.
Some of the things you’ll learn
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Companies are expanding their talent pools
Discover where organizations are finding the accounting skills they need. -
Organizations are saving money with global hiring
Find out which countries provide the most affordable accounting talent. -
The profile of the average accountant is shifting
Learn what age and contract type companies are opting for in this landscape.
An increase in international recruitment
Between the first quarter of 2022 and the first quarter of 2024, the percentage of international accountants hired by US-based companies through Multiplier increased fourfold.
Multiplier-generated contracts going to accountants increased four-fold
In Q1 of 2022, made up .4% of the total contracts created through Multiplier. By Q1 of 2024, accountant contracts made up 2.3% of the contracts generated through Multiplier.
Where are US-based companies hiring accountants?
US-based companies have been able to find accounting talent in the Philippines and India.
Skill-based hiring
Our data shows that US-based companies are hiring accountants in Asia and the Pacific, these regions have larger talent pools of skilled accountants.
Shifting hiring demographics
Since 2023, we’ve seen a six-fold increase in the number of accountants hired under the age of 30. Companies looking for more experienced talent might need to look farther afield.
Companies are hiring younger accountants
Before 2023, only 4% of accountants hired through Multiplier were under 30. After 2023, 24% of accounting hires were under 30.
More companies hired full-time accountants in 2023
The percentage of full-time accountant hires through Multiplier is nearly double that of freelance accountant contracts.
Deciding between permanent employees and contractors
Our data shows that while some companies are hiring freelancers to fill the gaps, hiring more permanent employees than independent contractors.
Hire for the future
Why Multiplier?
150+
Countries to access and employ from
100+
In-house legal and tax experts
24x5
Dedicated Customer support
120
Currencies available to pay your employees
Multiplier is the Global Human Platform trusted by industry leaders
160+
Countries in your global talent pool
4.8
500+ 5 star reviews
$80M
in cost savings
Multiplier makes hiring beyond the United States a walk in the park
Multiplier effectively addressed our challenge of employing talent outside the United States, specifically Canada. Their platform offers immense advantages and prompt customer support when we inquire about international hiring and the necessary benefits for our overseas employees.
Multiplier helps us with our global hiring
Multiplier ensures that we are compliant with employment laws and regulations while hiring globally. The user interface and user experience far surpass those of most other Employer of Record (EOR) services. They stand head and shoulders above the competition.
Takes the stress out of international hiring
Extremely easy to use and intuitive interface. Intricacies for each country are broken down in easy to understand steps with clear decision points. My mind is at ease that I'm in full compliance with local laws.
Multiplier gives us a chance to expand our business
Multiplier gave us a chance to work with an employee and onboard in Germany. It provides a lot of business opportunities for mid and small-size companies. It's a user-friendly tool. When a user has a question, customer support is very quick to respond and support you.
Multiplier plays a crucial role for our company
What I appreciate about Multiplier is its user-friendly platform and comprehensive resources that facilitate client usage. Managing the admin dashboard and my personal account is convenient. Multiplier plays a crucial role in managing some of our HR processes, from onboarding to offboarding to payroll.
