Expect a new hiring crisis.
One in five junior staffers plan to leave their accounting firm by the end of the year, according to a startling new survey.
And, of those, about 75% plan to quit public accounting completely, significantly worse than last year’s 65% loss rate.
The data comes from the latest issue of IOMA’s Partner’s Report (subscribe here) which reports the results of a survey of more than 2,000 employees of CPA firms, conducted as part of Consulting magazine’s 2010 Best Firms to Work For survey.
In addition, the average anticipated tenure for a junior employee is slipping — to just 3.9 years, a decline from the year-ago 4.1.
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