BusinessCompany NewsAccounting jobs could go overseas

Accounting jobs could go overseas

Around a quarter of UK businesses would consider sending their accounts and financial back-office functions overseas in order to save costs, according to the CBI's latest survey.

Link: Offshoring to benefit UK

The study showed that, of those considering relocating operations overseas, 20% would look to move their accounting work elsewhere, while 26% would consider other financial back office off-shoring.

These figures put the finance function ahead of other services often considered more likely to be sent abroad, such as call centres and R&D.

Of those already off-shoring some activities, 9% have done so with accounts and 16% with other finance functions. A glimmer of hope comes from the fact that roughly a quarter of those asked would definitely not consider off-shoring either of these activities.

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