{"id":31623,"date":"2013-09-25t10:13:44","date_gmt":"2013-09-25t14:13:44","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=31623"},"modified":"2024-10-01t09:36:32","modified_gmt":"2024-10-01t13:36:32","slug":"staff-turnover-escalates-into-epidemic-at-cpa-firms","status":"publish","type":"post","link":"\/\/www.g005e.com\/2013\/09\/25\/staff-turnover-escalates-into-epidemic-at-cpa-firms\/","title":{"rendered":"new survey results: staff turnover escalates into epidemic at cpa firms"},"content":{"rendered":"

\"rosenberg<\/a>more on the new war for talent<\/span><\/a><\/strong><\/p>\n

by marc rosenberg<\/em>
\nthe rosenberg survey<\/em><\/span><\/a><\/span><\/p>\n

professional staff turnover has jumped by much as 50% in one year, averaging now almost 18%.<\/p>\n

these results were across all firm size ranges. this data is hot off the presses of the\u00a0rosenberg map survey<\/span><\/a><\/span><\/span>.<\/p>\n

what happened?\u00a0a return to the \u201cold normal.\u201d<\/p>\n

<\/p>\n

we need to view the turnover increases with the proper perspective. yes, turnover increased 50%. but the 16-18% range is about where staff turnover was at before the recession and where it has historically settled at in the cpa profession. the 11-12% for 2011 and 2010 was much lower than historical turnover levels because people were hanging on to their jobs, waiting until the recession\u2019s recovery created new jobs.<\/p>\n

as businesses slowly emerged from the recession, they weren\u2019t doing much hiring. that changed in 2012. so yes, staff turnover is up 50%, but it\u2019s just getting back to historical levels.<\/p>\n

specific turnover causes sound familiar.<\/p>\n

the biggest causes of the spike in turnover were:<\/p>\n

    \n
  1. staff left to go into industry, many at higher paying salaries<\/li>\n
  2. staff counseled out of the firm<\/li>\n
  3. staff went to another cpa firm and<\/li>\n
  4. staff left due to spouse relocations and\/or family reasons.<\/li>\n<\/ol>\n

    we’ve gathered some illuminating comments from managing partners, which seem to voiuce the concerns of many:<\/p>\n