September 27, 2021

Small Firms Have a Big Problem

At the AICPA's Practice Symposium/Tech+ Conference last week, it was revealed that the biggest concern for small accounting firms is staff retention. This might befuddle some since the enrollment and graduation numbers of accounting majors have been growing for years. But really, it's not that complicated. 

Both experienced and new accountants have options and "work for a small accounting firm that is running on a dying business model" is one of the least attractive options available. Also, the "up or out" career path does not work for 98% of the people out there. 

I honestly don't believe it's much more complicated than that. You're free to disagree of course; just be sure to include an explanation for why people like working at your firm. There are lots of firms out there that will want in on your secret.

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

Changes

No, I'm not writing a David Bowie tribute. But it seems appropriate that I have some news about changes to our newsletter today. This will be the last edition of the Between the Spreadsheets. It's been a good run, but it's time to retire it. Now, don't fret, fans of GC email, we have plans […]

We Can’t Fake Enthusiasm

Unfortunately, we're all back to being adults today. On the bright side, at least wasting time on Going Concern is work related. To ease you into 2016, I recommend thumbing through the Editor's Picks I dug up and also Leona May's inventory count horror story.  And if you need something to look forward to, know […]