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Retention, Retention, Retention

Source: Accounting Principals

Four tactics for keeping the best talent, from a new salary survey.

By Rick Telberg
CPA Trendlines

The three most important words in practice management today are

  1. Retention
  2. Retention, and
  3. Retention.

More:  Benefits, Perks, and Incentives: The Happy-Packs of Employee Satisfaction  |  Salary Survey: Top Skills Getting Top Pay  |  Deciding How to Allocate Partner Income  |  Accounting Wages Set New Record  |  Solve the Partner Comp Problem  |

See more in Pay & Compensation and Talent Managment

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High turnover has practically become synonymous with the larger public accounting firms, with turnover rates reaching as high as 30 percent. The AICPA Top Issues Survey says quality staff ranks as the top concern for U.S. accounting firms, hitting number one for the first time post-recession in 2015, and among the top ever since.