Reviewing 2024 Staffing Trends: What’s Expected to Continue in 2025
As we close out 2024, it’s time to reflect on the staffing trends that shaped the year and what to expect in 2025. This blog examines key developments in financial staffing and how they will impact your hiring strategy in the year ahead. In need of staffing assistance in the New Year? Contact our staff at PrideStaff Financial.
AI and automation:
Automation will continue to transform the accounting and finance profession by eliminating repetitive, time-consuming tasks. AI-powered tools will continue to increase and services such as data entry, financial reporting, and other bookkeeping tasks will be streamlined. Automation will continue to address industry challenges such as talent retention and regulatory compliance. When AI and automation reduce some of the tedious work, accounting and finance professionals can focus on higher-value activities, such as advisory services, financial analysis, and strategic decision-making. The impact of technology and AI on traditional accounting tasks is reshaping accounting processes and will be a trend to be mindful of for your 2025 hiring needs.
More face to face:
2025 will see an increase in demand for client advisory services. Becoming a trusted advisor to clients by providing deeper business insights has surged in recent years. According to the 2022 CPA.com and AICPA Survey, finance and accounting practices reported a growth rate of 16%, double in 2024 over the previous 5 years. The research found that businesses that provide more advisory services see rising revenue and higher margins than other firms. In 2025, more businesses in the industry are expected to embrace more direct client advisory services and this will be something to keep in mind for your hiring needs in the new year.
Data analytics is on the rise:
Data is a powerful asset for businesses. Advanced data analytics tools allow your teams to dive deeper into financial data, identifying trends and patterns that can drive strategic decision-making for your business clients. Data analytics tools will continue to be a primary skill set for any staff in the industry.
Cybersecurity:
Cyber threats are expected to continue growing in sophistication and frequency in 2025 so it will be important to demonstrate to your clients that you actively work to mitigate these risks. The cost of a breach can be devastating for your clients, not only in financial terms but also in loss of trust and business reputation. Fortunately, many cloud-based accounting platforms, such as FreshBooks, come with robust security features like automatic updates, data encryption, and secure user authentication. Cloud accounting solutions often provide more security and reliability compared to on-premises software for small firms. Leveraging these tools can help reduce the risk of cyberattacks while ensuring compliance with data privacy regulations.
PrideStaff Financial has consistently won awards for exceptional client satisfaction.
Our highly skilled staffing consultants can support your management teams in an ever-changing work environment. Contact us to learn more about our accounting & finance staffing services.
