CONTROLLER’S GUIDEBOOK

Burnout in Accounting

Understanding the Problem, Leveraging Solutions

Burnout in the accounting profession has been measured with academic approaches never-before-applied in the industry. FloQast, in partnership with the University of Georgia, analyzed survey data from a diverse group of accounting professionals to understand what’s causing burnout, how it impacts both business outcomes and personal lives, and what steps can be taken to create a roadmap for the future.

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The Silent Crisis

What is burnout? And why is it happening?

Burnout is a form of exhaustion caused by feeling overwhelmed and overworked. From long hours at the office to high demands in tight timeframes, burnout affects a person’s emotional well-being, motivation, and ability to excel. On the heels of the Great Resignation, the ability to measure and critically study burnout is increasingly vital to solving larger workforce issues. In accounting specifically, factors that contribute to burnout include an increase in tactical, mundane day-to-day responsibilities, adherence to new compliance rules, and a challenging adjustment to remote and hybrid work.

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It’s Not Just an Individual Problem

Burnout affects the entire bottom line.

Burnout doesn’t just impact an employee’s work-life balance. A rise in errors combined with accountants’ increasingly essential role in business operations significantly limit a company’s strategic ability to succeed in the present and plan for the future. By using an adaptation of the Maslach Burnout Inventory (MBI) — the leading measure of burnout validated by more than 35 years of research — we discovered that burnout is particularly prevalent in the accounting industry.

99%

of accountants

are suffering from some level of burnout.

85%

of participants

had to reopen their books at least once over the last year to fix errors.

57%

of participants

agree that the yearly and monthly Close are in desperate need of modernization.

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Upcoming Webinar

CONTROLLER’S GUIDEBOOK:

Burnout in Accounting -

Understanding the Problem, Leveraging Solutions

Wednesday, August 10, 2022 | 8am PT / 11am ET / 4pm BST 4pm BST

Dive deeper into the study with Stefan van Duyvendijk, Accounting Operations Evangelist at FloQast, and Dee Warmath PhD, Assistant Professor and Director of the Consumer Analytics Program at the University of Georgia. Understand the full scope of burnout in the accounting industry through unique academic measurements, and how teams can better address the problem and empower innovation.

Featured Speakers
Stefan van Duyvendijk
Accounting Operations Evangelist, FloQast
Dee Warmath
PhD, Assistant Professor and Director of the Consumer Analytics Program at the University of Georgia

Webinar: Burnout in Accounting

Burnout in Accounting - Understanding the Problem, Leveraging Solutions

Over the past several years, the workforce has found itself in a state of flux. Through the ups and downs, we’ve seen incredible innovation and growth coupled and incredible pressures leading to major pivots that have changed the accounting profession entirely. While controllers and their teams have handled many of these shifts in stride, they’ve also encountered new challenges and roadblocks, namely, the extent and impact of burnout.

Join Stefan van Duyvendijk, Accounting Operations Evangelist at FloQast and Dee Warmath, PhD, Assistant Professor and Director of the Consumer Analytics Program at the University of Georgia, as they review FloQast’s report, “Controller’s Guidebook: Burnout in Accounting – Understanding the Problem, Leveraging Solutions”, based on a survey of hundreds of accounting professionals which utilized academic approaches never-before-applied in an accounting industry context to provide a quantified, in-depth and critical perspective on the current state of the accounting industry and its professionals.

In this session, you will learn:

  • The extent in which the industry is facing unprecedented burnout under growing pressure.
  • How applying an academic approach to researching accounting burnout allows employers to better understand their teams and empowers new forms of innovation around solutions.
  • The impact burnout is having on employee productivity and personal lives.
  • The uncovered costs of employee burnout to the company.
  • Developing solutions to address the ‘crucible moment’ in the history of the profession.
1 CPE Credit will be available to attendees.

Extinguish Burnout with FloQast

Accountants have spoken: they need better tools.

FloQast delivers workflow automation software that enables organizations to solve current and future shortfalls and operationalize toward accounting excellence. Built by accountants, for accountants — to enhance the way accounting teams work.

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