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.
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.
Learn More About Burnout
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.
On-Demand Webinar
Burnout in Accounting
Understanding the Problem, Leveraging Solutions
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
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.
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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