ACCOUNTING FACULTY SHORTAGE AMONG HIGHER EDUCATION INSTITUTIONS WITHIN QUEZON PROVINCE

In 2010, a resolution was filed to address the shortage of accountants in the Philippines. However, the accounting industry is still facing challenges, especially with "The Great Resignation" due to the global COVID-19 crisis. This study aimed to identify the factors contributing to the accounting faculty shortage in Quezon Province and its effects on accounting faculty members. The researchers conducted a survey using a self-made questionnaire and purposive sampling to select the primary respondents - the accounting faculty members experiencing faculty shortage. However, aside from them, the Head of the HR Department and the Dean of the College of Accountancy were also surveyed to substantiate the answers of the primary respondents. Results reveal that salary and workload are both factors contributing to the shortage, while the work environment is not. Consequently, the accounting faculty shortage is causing increased levels of stress, heavier workload, and high turnover intentions among accounting faculty members. This study also found that there were no significant differences in the factors that contribute to the accounting faculty shortage in terms of salary and work environment when the respondents are grouped according to age, sex, and employment status. Differences in workload were significant among respondents grouped by employment status, but not by age and gender. There are also no significant differences in the direct effects of accounting faculty shortage on the job-related strain of accounting faculty members in terms of stress level, workload, and turnover intention based on age, sex, and employment status. Therefore, the respondents reported experiencing similar levels of stress, workload, and turnover intentions, regardless of their age, sex, or employment status.