Four areas ripe for change.
By CPA Trendlines Research
Five ugly facts your firm may need to deal with:
- Seventy percent of CPAs are at or near retirement age.
- The numbers of accounting graduates and CPA exam candidates are both dropping.
MORE: Global Trends Show Many Dissatisfied CPAs | More Big Firms Shut Their Doors to New College Grads | Seven Enticements to Keep Talent On Board | Employee Retention Is Easier Than Attraction | Let Interns Fix the Staffing Shortage? | Disruptors: Talent Crisis? What Talent Crisis? | Accountants’ Advice: Be Careful, Quick, Creative … and Lean | Top Performers Lead in Leverage, Culling, Outsourcing | Firms Culling Clients as Staffing Woes Persist | Compensation’s Up, but Up Enough to Retain Staff? | Are Accountants Charging Too Little?
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- Gen Z (ages 20-30) is transforming the labor market with new values on workplace environment, compensation, benefits, leadership, DEI policies, culture and corporate mission.
- The majority of current CPAs have no interest in becoming partners.
- Roughly half of current CPAs might consider finding another firm, and almost 15 percent wouldn’t mind leaving the profession altogether.
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