Business

Chartered accountants at risk of losing jobs to automation

Some 25.6% of UK chartered and certified accountants are at risk of losing their jobs to automation, according to new data from the Office for National Statistics (ONS).


Additionally, 48.17% of finance officer jobs are also at risk of automation. The analysis by the ONS found that around 1.5 million jobs in England are at “high risk” of some of their duties and tasks being automated in the future.

Automation involves replacing tasks currently done by workers with technology, which could include computer programs, algorithms, or even robots. Women, young people, and those who work part-time are most likely to work in roles that are at high risk of automation.

A statement by the government department read: “The proportion of jobs at a high risk of automation decreased slightly between 2011 and 2017, from 8.1% to 7.4%, while the proportion of jobs at low and medium risk of automation has risen.

“The exact reasons for the decrease in the proportion of roles at high risk of automation are unclear, but it is possible that automation of some jobs has already happened. For instance, self-checkouts at supermarkets are now a common sight, reducing the need to have as many employees working at checkouts.”

It added: “Additionally, while the overall number of jobs has increased, the majority of these are in occupations that are at low or medium risk, suggesting that the labour market may be changing to jobs that require more complex and less routine skills.”

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