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Increase in younger accountants seeking help

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4th Apr 2014
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An increasing number of younger accountants are seeking help and support from ICAEW charity CABA. 

The organisation's annual impact report, which looks at the kinds of help accountants are seeking, showed an overall increase in requests for help of 17% in 2013. 

The top overall areas in which practitioners sought assistance were: 

  • Employment support (24.1%) 
  • Mental distress (17.7%) 
  • Legal advice (15.7%) 

Out of the 3,500 that CABA supported last year, requests from under-35s rose 115%. The types of help being sought were often age-dependent. Career coaching was most popular with 35-49s, while financial assistance was most common among the over-65 group. 

Counselling, which saw a 140% increase, was most requested by younger accountants. 

Despite the improving economy, career coaching remained one of CABA's busiest areas, with an increase of 137% in requests. Financial assistance was also key for CABA in 2013, as it provided support to 142 accountants and their dependents with ill health or disabilities.

The charity also saw an increase in emergency support. It provided 11 food parcels and 102 winter fuel emergency payments to those in need.

CABA chief executive Kath Haines commented that some of the increases were down to people making use of the charity's broadening range of services. 

For 2014, she said: "A key focus will be increasing our engagement with ICAEW members through campaigns and working with ICAEW to explore new opportunities for joint initiatives as well as developing and implementing our international strategy to further increase the support available for ICAEW members living overseas."

In January, Haines blogged on AccountingWEB that despite positive economic prospects in 2014 employment issues would still top the list of concerns within the accounting profession.

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By nickja
04th Apr 2014 13:11

You might want to amend this article.......

"Financial assistance was also key for CABA in 2013, as it provided 142 accountants and their dependents with ill health or disabilities."

 

 

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