Good News on the Staff Shortage

Is the talent crisis over?

Chart: Accounting degrees awarded – 1971-2007 (Source: AICPA)

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by Rick Telberg/At Large

Having trouble finding more good accountants? If so, you are far from alone.

For Cheryl Mills, a senior manager at a CPA firm in New York City, retaining qualified staff has become an uphill battle. “We have lost 60 percent of our workforce this year,” says Mills.”The rapid turnover makes investing in staff difficult.”

Echoing that sentiment, Neil Schembre, who works at a small firm in Fanwood, N.J., says, “Staffing is the lifeblood of my business.”