Why turnover rates are high

November 5, 2018

Students are attracted to the accounting profession for many reasons, despite the long hours and changing accounting standards. They work very hard to get to where they want to be, but many don’t stay.

The Illinois Society of CPAs found several reasons why employees leave public accounting firms. They include work-life balance, firm culture, a copious amount of industry opportunities and lack of advancement.

It’s suggested that before employees leave public accounting, they research other firms to see if there might be another match. Whether someone chooses public or industry, it’s important to have a plan.

 

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