One issue at the forefront of every firm leader’s mind right now is attracting and retaining top talent. Hiring and keeping talented staff leads the list of concerns for accounting firms of all sizes except for sole proprietors.
CPA firm employment is expected to continue to grow faster than the average for all industries. While high employment numbers are encouraging, there is also a downside. Professional staff turnover within CPA firms is also at its highest level in a decade, averaging 17.0% last year.
With a desire to help firms overcome turnover woes, Boomer Consulting, Inc. undertook our first ever Attrition Survey. We reached out to employees who left member firms within the last 24 months to get to the heart of why employees are leaving. Here, we present the major findings from that survey as well as actions we believe firms should take to address unwanted attrition.
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