Accounting - Finance adapting to disruption with new trend of Shared Services that answering business needs by increasing competitiveness, reducing costs, aiming for convenience, rapidness, and high efficiency

Tuesday 22 February 2022 10:32
Digital disruption and COVID disruption have resulted in changes and challenges for business and industrial sectors, as well as job market where Accounting and Finance is one of those that have to be adjusted since the beginning of the digital disruption era. Consumer spending patterns shift toward a cashless world for almost every spending. The Accounting jobs have changed, especially for organizations that have many affiliated companies both in the country and overseas, in order to adapt to disruption by introducing the Shared Services System that centralizes the Accounting and Finance of the organization in one place, aiming to meet business needs, reduce costs and focus on increasing competitiveness.
Accounting - Finance adapting to disruption with new trend of Shared Services that answering business needs by increasing competitiveness, reducing costs, aiming for convenience, rapidness, and high efficiency

ManpowerGroup Thailand, as job market innovation consultant and specialist, stated that according to ManpowerGroup survey of the top 10 jobs fields demanded by employee in 2022, the top 10 jobs fields demanded by employee include: 1. Sales and Marketing (20.16%), 2. Production (19.03%), 3. Short-term jobs (12.74%), 4. IT (11.29%), 5. Engineer (9.19%), 6. Accounting and Finance (8.71%), 7. Logistics and Supply Chain (7.10%), 8. Customer Service (5.48%), 9. Medical Service / Health (3.71%), 10. Human Resources (2.26%). Accounting and Finance, one of the top 10 jobs fields, is an important part of every business organization, but demand level in each business group is different. Some organizations use outsourcing method for this part, but it is important that personnel must be ready to work and have the skills as required by those organizations. The job market for accounting jobs is currently changing and needs to be adjusted continuously, and system that meet business needs must be used. Workers getting the job must have specific skills and develop their skills to keep up with new technologies and systems that organizations are using in order to increase the opportunity to compete in the job market. Many organizations recently use Shared Services System by sharing existing resources to enhance efficiency, minimize redundancy, and connect to work conveniently, quickly and economically for maximum benefit.

The success of using Shared Services System in the organization is centralization of structure, method, management, and work based on processes in order to control work that is distributed at regional, national and international levels, aiming at work with standards and focusing on efficiency and effectiveness while reducing costs. Working using this system has benefit as work can be done quickly, conveniently, easily and connectedly both within and outside the organization.

Trending careers in Accounting include Cost Accounting / Budget Manager, Auditor, Accounting Admin, Accounting and Tax Specialist, Accountant, Financial Advisor, Administrative Officer for Accounting department. Trending careers in Finance include Financial Planning and Analysis Manager, Chief Financial Officer (CFO), Finance and Administrative Manager, Finance Director, Finance Manager, Financial Analyst, Tax Specialist, for example.

ManpowerGroup Thailand suggested Accounting and Finance workers to adapt and keep up with changes, and even though there is high and continuous demand for labor, but there is also high competition among talented people in this field as well. The salary rate and career advancement are supported by many factors such as professional knowledge and expertise, professional licenses and certificates such as Certified Public Accountant (CPA) and Continuing Professional Development (CPD), etc., foreign languages both second and third languages at business negotiable level, ability to use technologies, systems and platforms for work such as SAP and ERP, and other knowledge such as international law. By enhancing skills that employers are looking for, workers will be able to gain an advantage and continue to advance in their careers.

Source: JP ONE CONSULTANT